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Momentus Inc. (MNTS) is a pioneering company in the commercialization of space, specializing in in-space transportation and infrastructure technology. With a seasoned team of aerospace, propulsion, and robotics engineers, Momentus has developed a highly efficient and cost-effective in-space transport system utilizing advanced plasma water propulsion technology. The company offers critical services in the new space economy, including Space Transportation, Satellite as a Service, and In-Orbit Servicing.
Momentus has established significant partnerships with industry giants such as Lockheed Martin and NASA, as well as various private satellite companies, government agencies, and research organizations. These collaborations underscore the company's strategic importance and operational capabilities in the space sector.
One of Momentus's notable projects is the Vigoride™ transport system, which is designed to carry satellites and hosted payloads between orbits. The first Vigoride™ launch was scheduled for December 2020, marking a significant milestone in the company's journey toward enhancing space infrastructure.
Momentus Inc. continues to push the boundaries of space technology, ensuring sustainable and efficient in-space operations. For investors and stakeholders, the company represents a crucial player in the ongoing expansion of the space economy, offering innovative solutions that cater to the growing demand for space services.
Momentus Inc. (NASDAQ: MNTS) has signed a significant contract with CONTEC Co. to provide space transportation services for the JINJUSat-1 CubeSat in South Korea. The satellite, backed by Jinju City, Korea Testing Laboratory, and Gyeongsang National University, is scheduled to launch on the SpaceX Transporter-9 mission in October 2023. This collaboration aims to enhance the South Korean space industry's capabilities and infrastructure. Momentus is committed to supporting the local space economy and fostering growth in this innovative sector.
Momentus Inc. (NASDAQ: MNTS) announced the resignation of Chief Financial Officer Jikun Kim, effective January 6, 2023. Kim joined Momentus in September 2020, leading financial planning and analysis, and overseeing the company's SPAC transaction and NASDAQ listing. CEO John Rood acknowledged Kim's leadership during a crucial transformation for Momentus, which is now advancing its space infrastructure services. A successor for Kim will be announced later. Momentus focuses on innovative in-space transportation and infrastructure services, powered by a developing water plasma-based propulsion system.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced CEO
Momentus Inc. (NASDAQ: MNTS), a commercial space company, has integrated its Vigoride Orbital Service Vehicle (OSV) onto a SpaceX Falcon 9 rocket for the Transporter-6 mission, set for December. This mission will demonstrate Vigoride's capabilities, including hosting Caltech's Space-based Solar Power Project payload and deploying Qosmosys' Zeus-1 payload. The Vigoride OSV has undergone enhancements based on lessons learned from previous missions, aiming to improve its performance in space and support future infrastructure services.
Momentus (NASDAQ: MNTS), a U.S. commercial space company, has signed a contract with the CUAVA Training Centre at the University of Sydney to deploy the CUAVA-2 CubeSat in low-Earth orbit, targeted for October 2023. CUAVA-2 will launch aboard a SpaceX Falcon 9 rocket and carries significant payloads, including a Hyperspectral Imager and a GPS Reflectometry payload. This partnership aims to enhance space technology applications, demonstrating Momentus' commitment to advancing in-space infrastructure.
Momentus Inc. (NASDAQ: MNTS) announced the arrival of its Vigoride Orbital Service Vehicle (OSV) at Cape Canaveral for its second demonstration mission set for December aboard the SpaceX Transporter-6. The mission will host a customer payload for Caltech and deliver a CubeSat for Qosmosys. Enhanced features of this next-gen Vigoride include a modular payload bay and a Microwave Electrothermal Thruster powered by water, aiming for safer, more efficient operations in space. CEO John Rood expressed confidence in the vehicle's improvements following learnings from its first mission in May.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced the retirement of Chief Revenue Officer Dawn Harms, effective December 31, 2022. Harms, who joined in 2019, played a crucial role in the company's transformation into a public entity and its first demonstration mission in May 2022. CEO John Rood praised her contributions and announced plans to appoint her successor later this year. Momentus focuses on offering in-space infrastructure services through innovative water plasma-based propulsion systems.
Momentus Inc. (NASDAQ: MNTS) announced CEO John Rood's participation in a panel discussion at the virtual Deutsche Bank Global Space Summit. Rood emphasized the growth of small satellite (smallsat) capabilities and the emergence of a rideshare launch economy. The company aims to tackle challenges in distributing smallsats to optimal orbits using its Vigoride vehicle and innovative propulsion technologies. Momentus launched its first mission in May 2022, deploying eight satellites, with its next mission scheduled for December, featuring collaborations with Caltech and Qosmosys.
Momentus Inc. (NASDAQ: MNTS) announced its third-quarter financial results for 2022, highlighting significant advancements in its space infrastructure services. The company successfully deployed five additional satellites, bringing its total to eight. Momentus is set to launch its Vigoride 5 vehicle on SpaceX in December, featuring innovative propulsion technology. Notably, a contract modification with NASA for satellite transport signifies growth in the Government market. Momentus also initiated capital raising efforts with a $200M S-3 registration statement and a $50M At-The-Market Equity program.
Momentus Inc. (NASDAQ: MNTS) has secured a contract modification with NASA's Kennedy Space Center to deliver two satellites for the LLITED mission, scheduled for launch in 2023. The company's Orbital Service Vehicle (OSV) is designed to provide high delta-v capabilities for precise orbital delivery, enhancing Momentus' role as a trusted partner for NASA. The LLITED mission aims to study upper atmospheric phenomena, contributing valuable insights into space weather that affects life on Earth. This collaboration underscores Momentus' commitment to expanding its services for government and commercial sectors.
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