Is it true?

Reported on the news today
a new planet found far away
beyond the shores of old Pluto
a gassy mass with a fiery pink glow

No-one knew that it was there
to find one was extremely rare
who dropped it down into the sky
circling round the sun on high

Jagged bolts of lightening fire
into space for you to admire
on the surface Squidgits roam
looking for a squidgy home

Is it false or is it true?
can you tell me if it's new?