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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 announces registered direct offering of common stock, resulting in $5.0 million gross proceeds
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Momentus CEO John Rood to present at Singular Research Autumn Equinox Webinar
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Momentus signs contract with FOSSA Systems for hosted payload services starting in 2024, with options for additional payloads. Momentus to provide power, data, communications, and flexible configure-to-order options. Momentus also offers M-1000 satellite bus with high power and large payload capacity. FOSSA CEO expresses excitement to collaborate with Momentus again. Momentus currently providing hosted payload services to Caltech for its Space Solar Power Demonstrator.
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Momentus announces 1-for-50 reverse stock split to maintain Nasdaq listing and attract investors.
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Momentus grants inducement awards to new employees
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Momentus Inc. reports Q2 2023 revenue of $1.7 million, a growth of 3,310% YoY, marking a key milestone for the business. The Company signed contracts with FOSSA Systems and the Space Development Agency. Momentus deployed customer payloads from Vigoride-6 and two CubeSats for NASA. They are actively booking customers for future missions.
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Momentus signs contract with U.S. Defense Department for Orbital Service Vehicle enhancements
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Momentus Inc. will be attending Small Satellite 2023 to discuss its orbital transportation and hosted payload services, as well as its M-1000 satellite bus. The M-1000 bus offers advantages such as high power and low cost. Momentus has the capability to manufacture satellite buses at a rapid and scalable pace. Momentus has also provided hosted payload services to Caltech and its Space Solar Power Demonstrator. The company's next mission is targeted to launch on the SpaceX Transporter-9 mission in November 2023.
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Momentus Inc. (NASDAQ: MNTS) to Release Q2 2023 Financial Results and Host Conference Call on August 14, 2023
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Momentus Inc. has successfully deployed all customer payloads from its Vigoride-6 Orbital Service Vehicle launched in April 2023. The company has deployed a total of 15 customer satellites over three missions and has also placed three Vigoride Orbital Service Vehicles into orbit.
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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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