Momentus Signs Launch Service Agreement with SpaceX

Rhea-AI Summary

Momentus signs contract with SpaceX for three missions in 2024, providing orbital transportation and in-space infrastructure services. Momentus plans to fly on Transporter-10, Transporter-11, and Transporter-12 missions. Momentus Chief Commercial Officer states that this launch schedule will meet the demand for their services.

Flights now available to customers on all SpaceX Transporter Missions in 2024

SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, signed a contract with SpaceX to reserve a port on its Transporter-12 mission targeted for launch no earlier than October 2024.

With this agreement, Momentus is planning on flying on three missions with SpaceX in 2024, inclusive of every Transporter rideshare mission slated for next year:

• Transporter-10 mission targeting launch no earlier than January 2024
• Transporter-11 mission targeting launch no earlier than June 2024
• Transporter-12 mission targeting launch no earlier than October 2024

“This launch schedule enables us to meet the anticipated demand for our services,” said Momentus Chief Commercial Officer Chris Kinman. “Providing mission management and integration services is just the starting point for the work Momentus does, and we're happy to accommodate our customers with speed, affordability, and flexibility both in getting to space and in executing their missions once in orbit.”

In less than a year, Momentus has earned flight heritage with three missions in orbit, a key factor that customers evaluate in determining a partner to take their satellites and other payloads to specific orbits in space. Yesterday, the Company announced its recent business highlights, including:

• Being selected for funding from the Space Development Agency for a Small Business Innovation Research Phase 2 award, which SDA is collaborating to complete with the Air Force Research Lab Technology Directorate AFWERX.
• Signing a Memorandum of Understanding with Axient, a well-established company with a strong track record in defense and classified work for the Defense Department.
• Signing a services agreement with repeat customer, FOSSA Systems, to place its latest generation of satellites into Low-Earth Orbit. This agreement represents initial progress toward Momentus’ first large-scale constellation deployment.
• Signing a services agreement with FOSSA Systems to fly a picosatellite deployer with the capacity for eight pocketqube satellites as part of its launch brokerage capabilities and services. This deployer will house several satellites serving different IoT, Earth Observation, and demonstration platforms for yet-to-be-announced customers.
• Signing a services agreement with Hello Space to provide hosted payload service for a deployer carrying four pocketqubes. These pocketqube satellites mark the first tranche of an 80-satellite constellation set by Hello Space.
• Signing a services agreement with Lunasonde to deliver a cubesat to orbit from the Vigoride-7 mission targeted for launch in October on the SpaceX Transporter-9 mission.
• Signing a services agreement with SatRev for the delivery of a cubesat to Low-Earth Orbit also on the Vigoride-7 mission.
• Signing a services agreement with a yet-to-be-named customer for the orbital delivery of the first tranche of picosats for a 100-satellite planned constellation.
• Teaming with Astroscale U.S. to respond to NASA’s Hubble Reboost RFI in a joint proposal. The mission’s objectives include safe relocation of Hubble and removal of nearby threatening debris from the celebrated space telescope’s new orbit.

About Momentus

Momentus is a U.S. commercial space company that offers in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system.

Forward-Looking Statements

This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 8, 2023, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230511006018/en/

Media:

Press@momentus.space

Investors:

Investors@momentus.space

Source: Momentus Inc.

FAQ

What is Momentus?

Momentus is a U.S. commercial space company that offers orbital transportation and in-space infrastructure services.

How many missions will Momentus fly with SpaceX in 2024?

Momentus plans to fly on three missions with SpaceX in 2024.

What are the names of the missions Momentus will fly with SpaceX?

Momentus will fly on the Transporter-10, Transporter-11, and Transporter-12 missions with SpaceX.

What did Momentus Chief Commercial Officer say about the launch schedule?

Momentus Chief Commercial Officer stated that the launch schedule enables them to meet the anticipated demand for their services.