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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 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.
Takeda proposes new candidates for independent external directors at its upcoming shareholders' meeting on June 29, 2022. The candidates, Kimberly A. Reed and John Maraganore, will replace retiring directors Toshiyuki Shiga and Shiro Kuniya. Additionally, Masami Iijima is nominated as the new chair of the Board Meetings, succeeding Masahiro Sakane. This move aims to enhance governance and diversity within the board. All current members will also be proposed for re-election.
Momentus Inc. (NASDAQ: MNTS) has completed Thermal Vacuum Testing (TVAC) on its Vigoride vehicle, simulating space conditions in preparation for its inaugural mission. The company received NOAA approval to modify its Vigoride license, enhancing readiness for the mission targeted in June 2022. Vigoride is also set for vibration testing, the last phase before launch. CEO John Rood highlights the progress made since the company's public debut, emphasizing ongoing testing and licensing activities as part of the normal operational cadence.
Momentus Inc. (NASDAQ: MNTS) has awarded 704,444 restricted stock units (RSUs) worth approximately $1.79 million to 14 new employees as an inducement for their joining. This decision complies with NASDAQ Listing Rule 5635(c)(4) and was approved by the Compensation Committee. The RSUs will vest over four years, with 25% vesting annually. Momentus focuses on providing commercial in-space transportation and infrastructure services, including plans for its Vigoride vehicle launch in June 2022, contingent on obtaining necessary government licenses.
Momentus Inc. (NASDAQ: MNTS) announced participation at the SATELLITE 2022 Conference from March 21-24 in Washington, D.C. Notable speakers include CEO John Rood on satellite industry challenges, Chief of Product Aaron Mitchell on reducing spacecraft development costs, and VP Negar Feher discussing team management. The company's Vigoride vehicle is slated for a June 2022 launch, pending government approvals. Momentus aims to enhance space transportation and infrastructure with its innovative water plasma propulsion system.
Momentus Inc. (NASDAQ: MNTS) reported its fourth quarter financial results for 2021, highlighting progress in space transportation technology. The company aims to lead in the emerging space market, having matured its Vigoride orbital transfer vehicle through extensive testing. Key milestones include Launch Services agreements with SpaceX for multiple missions slated through 2023, and the completion of critical design reviews for Vigoride Block 2.2. Momentus is also forming a Strategic Advisory Group to enhance its aerospace programs and has made advances in its National Security Agreement.
Momentus Inc. (NASDAQ: MNTS) will announce its financial results for Q4 2021 on March 8, 2022, after U.S. markets close. A conference call is scheduled for the same day at 2:00 PM PT, where investors can discuss the results. The company aims to provide in-space transportation and infrastructure services and plans to launch its first Vigoride vehicle by June 2022, contingent on government approvals. Momentus emphasizes that its forward-looking statements are subject to risks and uncertainties, and actual outcomes may differ significantly.
Momentus Inc. (NASDAQ: MNTS) announced the resignation of President Fred Kennedy, effective January 21. Kennedy praised the team's professionalism and commitment to the company's vision as he departs to relocate with his family. Chief Technology Officer Rob Schwarz will step in as interim Head of Engineering and Operations while the search for new executive leadership begins. CEO John Rood will also take on the role of President. The company focuses on launching its first Vigoride vehicles, with preparations for a June 2022 launch, subject to necessary government licenses.
Momentus Inc. (NASDAQ: MNTS) announced the resignation of President Fred Kennedy, effective January 21. CEO John Rood will also take on the role of President while Chief Technology Officer Rob Schwarz will serve as interim Head of Engineering and Operations. The company is focused on launching its first Vigoride vehicles, with preparations underway for a June 2022 mission, pending government licenses. Momentus offers in-space infrastructure services and is developing a water plasma-based propulsion system for its Vigoride vehicles.
Momentus Inc. (NASDAQ: MNTS) has been included in the Procure Space Exchange-Traded Fund (ETF) (NASDAQ: UFO), marking a significant milestone for the company. This ETF, the first of its kind focused on the global space economy, added MNTS as part of its semi-annual portfolio rebalancing on December 20. Momentus aims to provide in-space infrastructure services, including transportation and hosted payloads, with its innovative water plasma propulsion system. CEO John Rood expressed optimism about the future potential of commercial space services.
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