Welcome to our dedicated page for Momentus news (Ticker: MNTS), a resource for investors and traders seeking the latest updates and insights on Momentus stock.
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), 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.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, will release its third-quarter 2022 financial results after U.S. market close on November 8, 2022. Following the release, a conference call will occur at 5:00 p.m. ET (2:00 p.m. PT) for discussion of the results. Participants can access the call via a designated number. Momentus specializes in in-space infrastructure services and is developing innovative propulsion systems. The press release also contains forward-looking statements and encourages caution regarding reliance on these projections.
Momentus Inc. (NASDAQ: MNTS) has successfully completed Thermal Vacuum (TVAC) testing of its Vigoride Orbital Service Vehicle in preparation for the upcoming SpaceX Transporter-6 mission in December. This milestone follows successful vibration testing and comprehensive evaluations of various subsystems. The upgraded Vigoride vehicle design enhances payload capacity while introducing modularity for customized mission profiles. The second mission will focus on delivering payloads for Caltech and Qosmosys, while also demonstrating Vigoride's water-based Microwave Electrothermal Thruster propulsion system.
Momentus Inc. (NASDAQ: MNTS) has successfully completed extensive ground testing of solar arrays for its upcoming Vigoride Orbital Service Vehicle, set to launch on SpaceX Transporter-6 in December 2022. The tests aimed to ensure effective deployment and functionality, addressing previous issues encountered during the first demonstration mission. The next mission will include innovative customer payloads and a new propulsion system designed for enhanced performance.
Momentus Inc. (NASDAQ: MNTS) has announced an equity distribution agreement to implement an at-the-market equity offering program, allowing them to sell up to $50 million in Class A common stock over three years. Sales will be facilitated by Stifel, Nicolaus & Company. Proceeds are intended for the development of the Vigoride orbital service vehicle and general corporate purposes, but the actual amount raised may be lower than the maximum. The offering is registered under the effective registration statement with the SEC, which allows capital raising of up to $200 million.
Momentus Inc. (NASDAQ: MNTS) has announced the successful completion of vibration testing for its Vigoride Orbital Service Vehicle, which is set to launch on SpaceX's Transporter-6 mission in December 2022. This testing represents a crucial milestone in preparation for upcoming missions. The vehicle, which features enhanced payload capacity and improvements following learnings from its first mission, will carry payloads for clients such as Caltech and Qosmosys, while also testing its water-based propulsion system.
Sidus Space, Inc. (NASDAQ:SIDU) partners with Momentus Inc. (NASDAQ:MNTS) under a memorandum of understanding (MOU) to explore launching LizzieSat™ satellites using Momentus’ Vigoride Orbital Service Vehicle. The collaboration aims to enhance mission versatility, allowing Sidus to provide power and data to LizzieSat™ in orbit. The companies are interested in four potential mission launches initially and will seek joint payload opportunities and government solicitations. Sidus aims to improve customer value and flexibility in satellite missions with this partnership.
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