Planet Ventures Makes Strategic Investment in General Astronautics - Accelerating the Future of Space Robotics and Microgravity Innovation

Rhea-AI Summary

Planet Ventures (OTC: PNXPF) announced a strategic equity investment of USD $100,000 in General Astronautics at a USD $40,000,000 post‑money valuation on March 31, 2026.

General Astronautics, a 2025 robotics and aerospace startup selected for Y Combinator Winter 2026 and part of NVIDIA Inception, develops autonomous robotic lab systems for microgravity research and manufacturing, targeting biotech, pharmaceuticals, advanced materials and semiconductor processes in orbit.

Positive

• Investment of USD $100,000 at USD $40,000,000 post‑money valuation
• YC Winter 2026 selection and participation in NVIDIA Inception program
• Robotics focus on automating laboratory workflows in microgravity for multiple industries

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2026) - Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U) ("Planet" or the "Company") is thrilled to announce a strategic investment of USD $100,000 at a USD$40,000,000 post-money valuation in General Astronautics, a pioneering space robotics company selected for the Winter 2026 batch of Y Combinator.

General Astronautics is on a mission to transform how scientific research and manufacturing are conducted beyond Earth's atmosphere. Leveraging cutting-edge autonomous robotics, the company is building robotic systems designed to operate in microgravity environments - eliminating the need for human crew support and unlocking unprecedented possibilities for space-based R&D and production.

Microgravity - the near-weightless conditions found in orbit - fundamentally changes what is possible in science and industry. Proteins can crystallize with greater purity, semiconductors and optical fibers can form without gravity-induced defects, and advanced materials with superior properties can be created. Until now, the pace of progress in space has been limited by too few trained astronauts and costly crew time - NASA estimates astronaut labor at approximately US $130,000 per hour on the ISS, with commercial stations pricing crew time even higher.

General Astronautics' robotics are designed to automate laboratory workflows such as pipetting, sample preparation, plate handling, and reagent mixing - enabling scalable, reliable, autonomous experiments and industrial processes without human presence in orbit. By removing the labor bottleneck, the company is opening the door for industries such as biotechnology, pharmaceuticals, advanced materials, and semiconductor manufacturing to harness space for breakthrough innovation.

"We believe General Astronautics is at the forefront of the next great leap in space technology," said Etienne Moshevich, CEO of Planet Ventures Inc. "Our investment is a commitment to supporting visionary founders who are building technologies that redefine the frontier of research and manufacturing. Automating science in space has the potential to accelerate discoveries that benefit life here on Earth and across the solar system."

General Astronautics was founded in 2025 by robotics and aerospace engineers with experience from leading institutions including Caltech, combining deep technical expertise with bold ambition to make autonomous space operations a reality. General Astronautics is part of NVIDIA's Inception Program as well as Y Combinator 2026.

Planet Ventures' investment marks a key milestone in its mission to support transformative technologies with global impact - especially where frontier science meets real commercial opportunity.

About Planet Ventures Inc.

Planet Ventures Inc. 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.

For further information, please contact:
Etienne Moshevich, CEO
Tel: (604) 681-0084
Email: info@planetventuresinc.com
Website: www.planetventuresinc.com

Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding "Forward‐Looking" Information

Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company's actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290620

FAQ

What did Planet Ventures (PNXPF) invest in General Astronautics on March 31, 2026?

Planet Ventures invested USD $100,000 in General Astronautics at a USD $40,000,000 post‑money valuation. According to Planet Ventures, the funding supports autonomous space robotics and microgravity lab automation initiatives.

How does General Astronautics plan to use robotics for microgravity research according to Planet Ventures?

General Astronautics builds autonomous robots for tasks like pipetting, sample prep, and plate handling in orbit. According to Planet Ventures, this automates lab workflows to enable scalable experiments without human crew presence.

Why is microgravity important for companies mentioned by Planet Ventures in the March 31, 2026 announcement?

Microgravity enables purer protein crystallization and defect‑free semiconductors and fibers. According to Planet Ventures, these conditions allow advanced materials and biotech experiments that are difficult on Earth.

What accelerator and programs is General Astronautics part of as of March 31, 2026?

General Astronautics is part of Y Combinator Winter 2026 and NVIDIA Inception. According to Planet Ventures, these affiliations reflect technical validation and access to startup resources and AI tools.

What industries could benefit from General Astronautics' microgravity automation according to Planet Ventures?

Planet Ventures highlights biotech, pharmaceuticals, advanced materials, and semiconductor manufacturing as target industries. According to Planet Ventures, automating space experiments could accelerate development and production for these sectors.

How did Planet Ventures describe the strategic rationale for investing in General Astronautics?

Planet Ventures said the investment backs founders building technologies that redefine research and manufacturing frontiers. According to Planet Ventures, automating science in space may accelerate discoveries benefiting Earth and the solar system.