Momentus Inc. - MNTS STOCK NEWS

Momentus Inc. (NASDAQ: MNTS) has announced an inducement award granted to a new employee involving 950,251 restricted stock units (RSUs), valued at approximately $470,279 based on the $0.49 closing price on April 20, 2023. The RSUs will vest over four years, contingent upon the employee's continued service.

Momentus, a U.S. commercial space company, specializes in orbital transportation and in-space infrastructure services. Their innovative water plasma-based propulsion system aims to enhance space operations. The company highlights a commitment to making in-space transportation and services more viable.

For detailed risk factors, refer to the company's Annual Report on Form 10-K filed on March 7, 2023.

Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, will be attending the Space Symposium 2023 from April 17-20 in Colorado Springs, Colorado. The company aims to meet the needs of commercial and government space customers with its innovative technology solutions, including zero Delta-V services and custom orbital delivery. Notable participation includes Chief Legal Officer Paul Ney, who will be involved in a speaking role at the General Counsels Forum addressing critical industry issues. Momentus recently successfully launched its Vigoride-6 mission and continues testing its Microwave Electrothermal Thruster propulsion system using water as a propellant, enhancing efficiency and safety. Momentus is poised to support U.S. government missions through innovative space technologies.

Momentus Inc. (NASDAQ: MNTS), a commercial space company, has advanced its Microwave Electrothermal Thruster (MET) testing campaign, completing over a dozen test firings. The MET, which uses solar power and distilled water as propellant, enhances safety and cost-efficiency in orbital operations. The company has successfully raised the spacecraft's altitude by nearly a kilometer through multiple burns. Momentus plans to utilize this technology for a custom orbital delivery service, specifically targeting the release of the Zeus satellite for its Qosmosys customer at a circular altitude of 538 km.

Chief Technology Officer Rob Schwarz emphasized the MET's potential for safety and efficiency, envisioning applications ranging from low-Earth orbit missions to lunar refueling. The Vigoride Orbital Service Vehicle aims to establish a new standard for in-space transportation.

Momentus Inc. (NASDAQ: MNTS) successfully launched its third Vigoride Orbital Service Vehicle (OSV) on April 14, 2023, aboard the SpaceX Transporter-7 mission. This mission aims to deliver two satellites for NASA's LLITED mission while utilizing Microwave Electrothermal Thruster (MET) technology, which uses water as propellant for orbital adjustments.

The Vigoride-6 mission is noted as the most complex yet, with significant Delta-V requirements. Alongside NASA's payloads, it will carry additional satellites for various clients. A technology demonstration of the Tape Spring Solar Array (TASSA) is also included, aimed at reducing costs and improving efficiency in satellite operations.

This launch marks a new phase for Momentus, as it will operate two spacecraft concurrently, enhancing its operational capabilities.

Momentus Inc. (NASDAQ: MNTS) announces the appointment of Eric Williams as the new Chief Financial Officer, effective after the first quarter and the upcoming earnings call on May 11. Williams brings over 25 years of experience, including 15 years in leadership roles at public technology companies. His expertise includes strategic planning and investor relations. Williams expressed enthusiasm about contributing to Momentus's growth in the in-space infrastructure market. The Company aims to enhance its position with innovations like a novel water plasma-based propulsion system.

Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, has successfully completed the initial in-orbit test of its innovative Microwave Electrothermal Thruster (MET). This thruster harnesses solar power and uses distilled water as propellant, positioning itself as a sustainable alternative to traditional propulsion systems. The MET is central to the Vigoride Orbital Service Vehicle, enabling precise orbital adjustments for payload delivery. The company anticipates expanding MET testing in the following weeks. With patents safeguarding this technology, Momentus aims to reduce dependency on foreign propellants, leveraging water's potential as a resource in space.

Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced it has granted inducement awards to 12 new employees, which were approved by its Compensation Committee. These inducement awards total 2,851,644 restricted stock units (RSUs) valued at approximately $1.7 million, based on a price of $0.60 per share, the closing price on March 23, 2023. The RSUs will vest either quarterly over three years or annually over four years, contingent on the employees' continued service.

Momentus aims to innovate in space operations with its upcoming in-space transfer and service vehicles powered by a novel water plasma-based propulsion system.