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Momentus Inc. - MNTS STOCK NEWS

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 signs contract with SatRev for transportation and orbital delivery services in 2024
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Momentus signs contract with RIDE! Space for transportation and orbital delivery services in 2024
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Momentus integrates customer payloads for SpaceX Transporter-9 mission
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Momentus signs contract with C3S for transportation and orbital delivery services in 2025
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Momentus Inc. closes registered direct offering, raising $4.0 million
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Momentus Inc. announces registered direct offering of 2,000,000 shares of common stock at $2.00 per share, resulting in total gross proceeds of $4 million. Investors will also receive warrants to purchase up to 2,000,000 shares at $2.00 per share. Existing warrants will be amended with reduced exercise price and termination date. Offering expected to close on October 4, 2023.
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Momentus Inc. CEO John Rood is featured as one of this year’s 'Executives to Watch' by Connectivity Business. Momentus achieved significant milestones, including launching three Vigoride spacecraft and deploying 15 customer satellites in a year. They also introduced innovative technology like the Microwave Electrothermal Thruster (MET) and a new solar array. Momentus secured launch options to Low-Earth Orbit through 2024 and closed a $5.0 Million Registered Direct Offering. They plan to fly customers on SpaceX missions in 2023 and 2024.
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Momentus signs contract with Aarhus University for transportation and orbital delivery services in late 2024.
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Momentus Inc. has closed its registered direct offering, raising approximately $5.0 million. The offering included the sale of 672,948 shares of common stock at a purchase price of $7.43 per share. The company also issued warrants to purchase additional shares. Existing warrants have been amended with a reduced exercise price and extended termination date.
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Momentus regains compliance with minimum bid price requirement on Nasdaq
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FAQ

What is the current stock price of Momentus (MNTS)?

The current stock price of Momentus (MNTS) is $0.5651 as of November 4, 2024.

What is the market cap of Momentus (MNTS)?

The market cap of Momentus (MNTS) is approximately 14.3M.

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

14.30M
25.54M
6.45%
1.12%
7.27%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
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