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PMGC Holdings invests in Australian space tech firm Orbit2Orbit to boost in-space logistics capabilities

Market News
10 Nov 2026, 14:30 WIB
GlobeNewsWire
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Bullish
PMGC Holdings invests in Australian space tech firm Orbit2Orbit to boost in-space logistics capabilities

PMGC Holdings Inc. has acquired common shares in Orbit2Orbit, an Australian company specializing in space logistics and infrastructure, as part of Orbit2Orbit's private placement ahead of its planned Canadian stock exchange listing via reverse takeover. This investment aligns with PMGC's strategy to expand in the growing commercial space sector and complement its U.S. precision manufacturing operations serving aerospace and defense clients. Orbit2Orbit aims to develop in-space logistics services including payload transport and refueling in Low Earth Orbit, addressing a key gap in space infrastructure. PMGC plans to continue enhancing its manufacturing capabilities to support increasing demand for spacecraft components driven by growth in space activities.

PMGC Holdings Inc. share acquisition in Orbit2Orbit provides context for industrial sector activity on Pluang. For readers following Industrials, here is Pluang's market snapshot as of Nov 10, 2026 18:42 WIB: Out of 135 priced US Industrials stocks, 50 rose and 69 fell. Notable movers include LUNR at USD 11.86 with a 1-day change of -1.50% and 82% buy order activity, FLNC at USD 5.48 up 1.48%, and DHT at USD 20.25 down 1.46% with 100% buy order activity.

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