Mr. Etienne Moshevich reports

PLANET VENTURES ANNOUNCES STRATEGIC INVESTMENT IN STARCLOUD, A PIONEER IN SPACE-BASED AI DATA CENTERS

Planet Ventures Inc. has completed a $100,000 (U.S.) indirect investment in Starcloud Inc., a U.S.-based technology company that created the category of orbital data centres (ODCs) designed to deliver artificial intelligence (AI) computing infrastructure in space, through an equity investment in a special-purpose vehicle (SPV) called ST-0504 Fund I.

Starcloud is pursuing a vision to deploy large-scale computing infrastructure in orbit, utilizing solar energy and the space environment to support the growing global demand for AI and high-performance computing. The company believes that space-based data centres could offer advantages including access to continuous solar power, radiative cooling, and the ability to scale computing infrastructure without certain land, energy and permitting constraints associated with terrestrial data centres. As launch vehicles continue to bring down the cost per kilogram into orbit, there comes a fast-approaching break-even point where ODCs will be cheaper to build than data centres on Earth.

Planet's investment was part of Starcloud's recently announced a $250-million (U.S.) Series A extension financing at a reported $2.3-billion (U.S.) postmoney valuation. The financing was led by Manhattan West and included participation from, among others, Nvidia, Cisco Investments, Benchmark, EQT, Soma, NFX and 776. According to Starcloud, the latest financing brings the company's total capital raised to approximately $450-million (U.S.). The company was founded in late 2024 by Philip Johnston, Ezra Feilden and Adi Oltean and backed by Nebular VC and Everywhere Ventures prior to joining the premier start-up incubator, Y-Combinator.

Starcloud has already demonstrated significant technological milestones. In November, 2025, Starcloud-1 launched carrying what the company describes as the first Nvidia H100 GPU into orbit. Starcloud subsequently announced that Starcloud-1 became the first spacecraft to train a large language model in space.

The company believes Starcloud represents an opportunity to gain exposure to the rapidly developing intersection of artificial intelligence, advanced computing infrastructure and the commercial space economy.

"Planet's mandate is to seek opportunities to invest in companies and technologies that we believe have the potential to participate in major long-term technological shifts," said Etienne Moshevich, chief executive officer of Planet Ventures. "The growth of artificial intelligence is creating an extraordinary demand for computing power and energy. Starcloud is taking a bold approach to addressing that challenge by developing computing infrastructure for space. We are particularly encouraged by the calibre of investors supporting Starcloud and its recent $250-million (U.S.) financing, which included participation from Nvidia and other leading technology and investment firms, is a true testament to their mission, team and potential."

Starcloud's current development plans include expanding its manufacturing and engineering capabilities and advancing future spacecraft designed to support increasingly large-scale orbital computing operations.

Planet Ventures' investment in Starcloud is consistent with the company's strategy of identifying and investing in innovative businesses and technologies with the potential for significant long-term growth.

About Starcloud Inc.

Starcloud is a U.S.-based technology company focused on developing data centres in space. The company is building orbital computing infrastructure designed to support artificial intelligence, cloud computing and other high-performance computing applications. Starcloud's founders and team have experience across the satellite, aerospace, software and advanced computing sectors.

About Planet Ventures Inc.

Planet Ventures is an investment issuer that actively invests in disruptive companies across high-growth industries. Planet aims to build long-term shareholder value through strategic investments in innovative businesses.

We seek Safe Harbor.