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) announced the granting of inducement awards to 20 new employees, approved by its Compensation Committee. These awards consist of 1,129,064 restricted stock units (RSUs) valued at approximately $3.3 million based on a closing price of $2.90 per share on May 20, 2022. The RSUs are set to vest over either three years with quarterly vesting or four years with annual vesting, contingent upon continued employment with Momentus. The company focuses on providing in-space transportation and infrastructure services, with plans for launching its first Vigoride vehicle soon.
Momentus Inc. (NASDAQ: MNTS) has successfully integrated its Vigoride Orbital Transfer Vehicle with customer payloads on a SpaceX Falcon 9 launch vehicle for the upcoming Transporter-5 mission, scheduled this month. The company has received all necessary government licenses for its inaugural launch, which aims to last up to 180 days. In addition, Momentus has acquired a second port on the Transporter-5 mission to offer varied orbital delivery services. The mission will test Vigoride's performance and gather insights for future developments.
Momentus Inc. (NASDAQ: MNTS) reported its financial results for Q1 2022, revealing progress in launching its Vigoride spacecraft. The spacecraft is now at Cape Canaveral for integration with a SpaceX Falcon 9 rocket, with the launch targeted for this month. The company successfully conducted extensive ground tests and signed agreements for four additional SpaceX missions through 2023. Momentus has also secured requisite government licenses and approvals, bolstering its regulatory compliance. Key talent has been added to strengthen the team, enhancing its competitive edge in the aerospace sector.
Momentus Inc. (NASDAQ: MNTS) announces the arrival of its Vigoride orbital transfer vehicle at Cape Canaveral, Florida, in preparation for its inaugural launch on the Falcon 9 rocket. The mission aims to test Vigoride in space, rectify any issues encountered, and incorporate lessons learned into future missions. Momentus is set to generate revenue by transporting customer payloads from clients including FOSSA Systems and Orbit NTNU. The launch is scheduled for May 2022, marking a significant step in providing in-space infrastructure services.
Momentus (NASDAQ: MNTS) announced a favorable FAA payload review for its inaugural Vigoride orbital transfer vehicle flight, scheduled for SpaceX's Transporter-5 mission this month. This decision concludes the final regulatory requirements, following the recent FCC license and NOAA updates, allowing communication with the spacecraft. The FAA's approval reflects progress in addressing national security concerns. The mission aims to transport customer payloads and test Vigoride in orbit, though revenue generation is secondary to operational learning.
Momentus Inc. (NASDAQ: MNTS) announced the appointment of Charles Chase, Nick Zello, and Gary Bartmann as Vice Presidents of Engineering, Operations, and Supply Chain, respectively. These leaders bring extensive aerospace experience, focusing on innovation and strategy development. CEO John Rood emphasized their roles in transitioning the company from development to production, particularly with the upcoming launch of their Vigoride vehicle, powered by a water plasma-based propulsion system. This move aims to enhance Momentus' capabilities in the commercial space sector.
Momentus Inc. (NASDAQ: MNTS) has received an FCC license for its Vigoride orbital transfer vehicle, set to launch on SpaceX's Transporter-5 mission in May 2022. This license permits communication with Vigoride in Low Earth Orbit, marking significant regulatory progress. The FAA's payload review is the last step before launch, ensuring safety and compliance. During this mission, Momentus will transport customer payloads and gather data to improve future operations. The spacecraft successfully completed vibration testing, indicating readiness for the launch environment.
Momentus Inc. (NASDAQ: MNTS) announced it will release its financial results for Q1 2022 on May 10, 2022, after market close. A conference call to discuss these results will occur at 5:00 p.m. ET. Participants can join by calling +1 (800) 348-8613, with an International option at +1 (973) 528-0141. Momentus focuses on providing in-space infrastructure services, targeting the launch of its Vigoride vehicle to Low Earth Orbit as early as May 2022, pending necessary government licenses.
Momentus Inc. (NASDAQ: MNTS) announced the successful completion of vibration testing of its Vigoride orbital transfer vehicle at the National Technical Systems lab in Southern California. This milestone is part of Vigoride's ground test campaign, preparing it for its first mission on the SpaceX Transporter-5 mission, targeted for launch no earlier than May 2022, pending government licenses. The mission aims to deliver customer payloads to orbit and test Vigoride's functionality, with the potential to generate initial revenue.
Momentus Inc. (NASDAQ: MNTS) has secured multiple launch agreements with SpaceX, establishing a flight schedule through 2023. These agreements include slots for the upcoming Transporter missions, enhancing Momentus' launch cadence as it prepares to introduce its Vigoride orbital transfer vehicle. The company is currently completing testing phases for Vigoride, including Thermal Vacuum Testing and vibration testing. The inaugural flight is expected to occur in June 2022, pending government approvals.
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