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 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.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced a securities purchase agreement expected to yield $10 million in gross proceeds through a registered direct offering. The company will issue 9,396,000 shares of common stock, alongside pre-funded warrants for 2,170,043 shares and warrants for an additional 11,566,043 shares. The offering price is $0.8646 per share. Closing is anticipated by February 27, 2023, subject to customary conditions. Proceeds will primarily address general corporate purposes, including legacy obligations.
Momentus Inc. (NASDAQ: MNTS) has updated its launch schedule, planning three launches of its Vigoride Orbital Service Vehicle (OSV) in 2023. The upcoming missions will utilize SpaceX Transporter-6, 7, and 9, with Vigoride-6 expected to launch in April and Vigoride-7 in October. The company reports operational progress with Vigoride-5, confirming healthy systems and successful testing of Vigoride-6. These developments suggest improvements in production efficiency and ongoing technological advancements in Momentus' space services.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced continued progress in the commissioning of the Vigoride-5 Orbital Service Vehicle (OSV), launched on January 3. The OSV is reported to be in good health, with its power and thermal systems operating within nominal ranges. Key recent activities include tuning the attitude system and pressurizing the propulsion system. Momentus plans to test its innovative Microwave Electrothermal Thruster (MET), designed to utilize water for propulsion, aiming for cost-effective and environmentally friendly in-space transportation solutions.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, has secured an agreement with FOSSA Systems to launch a PocketPod as part of their Vigoride mission planned for October 2023. This deployment will include a picosatellite deployer capable of housing eight PocketQube satellites, aimed at providing IoT, Earth Observation, and demonstration services. FOSSA, known for its global IoT connectivity, is set to expand its satellite operations with this collaboration, furthering their constellation of satellites in orbit, which currently totals 13. This partnership underscores Momentus' role in optimizing small satellite missions.
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