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.
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Momentus Inc. (MNTS) has been awarded a contract modification valued at $1,196,404 by the Space Development Agency to continue development of the Vigoride Orbital Service Vehicle for Department of Defense (DoD) Mission Requirements. The total value of the Small Business Innovation Research Award is $1,942,477. Momentus will tailor the capabilities of its Vigoride Orbital Service Vehicle to support a wide range of DoD payloads and mission requirements, setting the stage for a rapid transition to an in-space flight demonstration. The expansion of the contract also allows Momentus to offer its M-1000 satellite bus, providing benefits to enable the Defense Department to use it for missions like communications and missile tracking. The M-1000 bus offers significant advantages to commercial and government customers, such as high power, large payload capacity, flexible configuration, speed from requirements to delivery on-orbit, and low cost.
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Momentus Inc. (NASDAQ: MNTS) has announced the termination of the National Security Agreement (NSA) by the Committee on Foreign Investment in the United States (CFIUS). The approval of the company's exit from the agreement marks a significant milestone after two years of intensive work. Momentus has completed all requirements and is now clear of any lingering security concerns. The company has worked closely with CFIUS Monitoring Agencies to implement the NSA, including divestment of foreign CEO and investors, increased cybersecurity measures, and a complete review of the export control program. Momentus has also achieved significant technological advancements, including successful missions, deployment of customer payloads, in-space testing of its spacecraft engine and solar array, and collaboration with the Space Development Agency for defense applications.
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Momentus Inc. announced the closing of a registered direct offering with a single institutional investor, resulting in gross proceeds of approximately $4.0 million. The offering included the purchase and sale of 3,687,000 shares of common stock and warrants to purchase up to an aggregate of 3,687,000 shares of common stock. Additionally, existing warrants to purchase up to 5,808,538 shares were amended to have a reduced exercise price of $0.96 per share, subject to stockholder approval. The offering is made pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC.
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Momentus Inc. (MNTS) has entered into a securities purchase agreement with a U.S. institutional investor for the purchase and sale of 3,687,000 shares of common stock at a purchase price of $1.085 per share, resulting in total gross proceeds of approximately $4.0 million. The Company also agreed to issue warrants to purchase up to an aggregate of 3,687,000 shares of common stock at an exercise price of $0.96, exercisable immediately and expiring five years from the date of issuance.
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Momentus Inc. (NASDAQ: MNTS) signed a contract with CalgaryToSpace (CTS) to provide transportation and orbital delivery services for the launch of CTS-SAT-1, a satellite developed by the only student team in Calgary, Alberta, Canada. This marks Momentus' seventh commercial contract announced since August, with other recent contracts including services for AVS, FOSSA, Aarhus, C3S, SatRev, and RIDE! space. Momentus is currently booking rideshare and hosted payload customers on the SpaceX Transporter-11 mission targeted for no earlier than June 2024 and the SpaceX Transporter-12 mission targeted for no earlier than October 2024.
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Momentus Inc. (NASDAQ: MNTS) provided an update on its latest mission launched on the SpaceX Transporter-9 mission, confirming the deployment of two satellites for one customer but unable to confirm the deployment of three other satellites for three different customers. Momentus has launched four missions to date, deployed 17 customer satellites, and provided hosted payload services. The Company’s next mission is targeted to fly in Q1 2024, serving customers requiring orbital delivery and hosted payload services, as well as featuring a Momentus-hosted payload for a rendezvous and proximity operations demonstration.
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Momentus Inc. (NASDAQ: MNTS) Grants Inducement Award to New Employee
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Momentus Inc. (NASDAQ: MNTS) announced its Q3 2023 financial results, highlighting significant traction in the commercial market, execution of four missions, deployment of 18 customer satellites, and raised gross proceeds of $16.9 million. The company also signed contracts with various customers for transportation and orbital delivery services, expanded its satellite bus services, and started work on a Small Business Innovation Research award from the Space Development Agency.
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Momentus Inc. (NASDAQ: MNTS) Advances In-Space Testing of Microwave Electrothermal Thruster (MET) and Tape Spring Solar Array (TASSA)
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Momentus Inc. (NASDAQ: MNTS) announced the closing of an agreement with an existing investor to exercise warrants, resulting in gross proceeds of approximately $6.5 million. The investor received new warrants to purchase up to 5,808,538 shares of common stock. The New Warrants are immediately exercisable at an exercise price of $3.862 per common share and will expire on November 9, 2028.
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FAQ
What is the current stock price of Momentus (MNTS)?
The current stock price of Momentus (MNTS) is $7.75 as of December 20, 2024.
What is the market cap of Momentus (MNTS)?
The market cap of Momentus (MNTS) is approximately 16.2M.
What services does Momentus Inc. provide?
Momentus offers Space Transportation, Satellite as a Service, and In-Orbit Servicing.
What is the Vigoride™ transport system?
The Vigoride™ transport system is designed to carry satellites and hosted payloads between orbits.
Who are Momentus's key partners?
Momentus has service agreements with Lockheed Martin, NASA, and various private satellite companies, government agencies, and research organizations.
What technology underpins Momentus’s transport system?
Momentus’s transport system is based on plasma water propulsion technology.
When was the first Vigoride™ launch scheduled?
The first Vigoride™ launch was scheduled for December 2020.
What makes Momentus’s transport system cost-effective?
The use of plasma water propulsion technology makes Momentus's transport system both energy-efficient and cost-effective.
What industries does Momentus serve?
Momentus serves the space transportation, satellite, government, and research sectors.
How does Momentus contribute to the space economy?
Momentus provides critical infrastructure and transportation services that support the growth and sustainability of the space economy.
What are some recent achievements of Momentus Inc.?
Recent achievements include developing the Vigoride™ transport system and securing major partnerships with industry leaders such as NASA and Lockheed Martin.
What sets Momentus apart from other space companies?
Momentus's unique plasma water propulsion technology, significant partnerships, and comprehensive service offerings set it apart in the space industry.
Momentus Inc.
Nasdaq:MNTS
MNTS Rankings
MNTS Stock Data
16.24M
2.29M
6.51%
2.19%
5.49%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
United States of America
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