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.
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.
Momentus Inc. (NASDAQ: MNTS) announced that its Vigoride-5 spacecraft is now operating under its own power in Earth orbit. The company's Attitude Control and Reaction Control Systems have been successfully tested, clearing the path for the upcoming Microwave Electrothermal Thruster (MET) testing campaign. This milestone marks the first in-space operation of these systems, utilizing a water-based propellant for spacecraft control. The MET is designed to provide efficient, environmentally friendly propulsion for future missions. Momentus aims to enhance its service offerings in in-space transportation, leveraging its innovative propulsion technology.
Momentus Inc. (NASDAQ: MNTS) has announced the arrival of its Vigoride Orbital Service Vehicle (OSV) at Vandenberg Space Force Base, set for launch in April on the SpaceX Transporter-7 mission. This mission includes delivering multiple payloads, such as those for NASA and several commercial entities. The flight will also test the innovative Microwave Electrothermal Thruster (MET) and a proprietary Tape Spring Solar Array (TASSA) technology, which aims to reduce production costs. This mission marks Momentus' third OSV mission, following successful ones in May 2022 and January 2023.
Momentus Inc. (NASDAQ: MNTS) reported its financial results for Q4 and the full year ending December 31, 2022. The company made significant advancements in 2022, including launching its Vigoride Orbital Service Vehicles and deploying its first eight customer satellites. Momentus secured new contracts with commercial and government clients, including a NASA mission scheduled for April 2023. The company is focused on expanding its government business and has experienced increased interest in its services. Additionally, it implemented a cash-reduction plan and secured $10 million through a stock offering to enhance financial stability.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) announced the appointment of Kimberly A. Reed and Jeffrey A. Lipson to its Board of Directors effective March 1, 2023. With this change, the Board now comprises 11 members, 9 being independent. Reed, a former chairman and CEO of the U.S. Export-Import Bank, will add valuable regulatory insight and financial expertise. Lipson, who previously served as COO and CFO, assumes the CEO role, marking a leadership transition for HASI, which manages over $9 billion in assets focused on climate solutions.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, will release its financial results for Q4 and the full year 2022 on March 7, 2023, after U.S. market close. A conference call is scheduled for 5:00 p.m. ET that same day, where details can be accessed by dialing +1 (800) 715-9871. Momentus specializes in in-space transportation and infrastructure services, leveraging a developing water plasma propulsion system. The press release includes forward-looking statements, which may differ from actual future performance due to uncertain factors.
FAQ
What is the current stock price of Momentus (MNTS)?
What is the market cap of Momentus (MNTS)?
What services does Momentus Inc. provide?
What is the Vigoride™ transport system?
Who are Momentus's key partners?
What technology underpins Momentus’s transport system?
When was the first Vigoride™ launch scheduled?
What makes Momentus’s transport system cost-effective?
What industries does Momentus serve?
How does Momentus contribute to the space economy?
What are some recent achievements of Momentus Inc.?
What sets Momentus apart from other space companies?
