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Planet Ventures Invests in Lux Aeterna

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Planet Ventures (PXI.CN) made a strategic investment into Lux Aeterna, a space infrastructure company building the world's first fully reusable satellite platform, it said Monday.

The company invested a total of US$100,000 into Lux Aeterna's equity financing. Lux Aeterna has already attracted significant attention from leading venture capital firms in the space sector, including Space Capital, and recently completed a US$10-million seed financing round led by Konvoy to speed-up development of its flagship spacecraft, with a demonstration mission targeted for 2027, it noted.

"We believe reusable satellite infrastructure represents one of the most important and underappreciated opportunities within the space economy," said Planet Ventures Chief Executive Etienne Moshevich. "Lux Aeterna is tackling a critical bottleneck in orbital logistics-bringing assets and materials back from space-and we believe this capability could unlock entirely new industries."

Shares of the company were last seen unchanged at $0.34 on the Canadian Securities Exchange.

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