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, reported that its Vigoride-5 Orbital Service Vehicle launched on January 3 is in good health. The company is actively commissioning the vehicle for further operations, focusing on performance tuning for the attitude determination system and the pressurization of the propulsion system. Both power and temperature metrics are within expected ranges, indicating smooth operational progress.
Momentus aims to enhance in-space transportation and infrastructure services with innovative technology, including a water plasma-based propulsion system under development.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, will participate in the Architectural and Technical Considerations in SmallSat Constellations panel at the 2023 SmallSat Symposium on February 9. Chief Technology Officer Rob Schwarz will discuss the advantages of Orbital Service Vehicles for satellite launch and maintenance. Momentus has two Vigoride Orbital Service Vehicles in space, having deployed payloads since its inaugural mission in May 2022. The company is set to deliver next-generation satellites for FOSSA Systems to low-Earth orbit and aims to support smallsat payloads for NASA and other clients in 2023.
Momentus Inc. (NASDAQ: MNTS) has secured a contract with FOSSA Systems to launch its FOSSASat FEROX satellites into low-Earth orbit via two Vigoride missions in 2023. The first launch, scheduled for June 2023, will feature new design capabilities. This partnership builds upon FOSSA's existing 13-picosatellite constellation, aiming to deploy an 80-satellite network by 2024 to enhance low-power IoT services globally. CEO John Rood expressed confidence in fostering a long-term collaboration with FOSSA for future satellite deployments.
Momentus Inc. (NASDAQ: MNTS) announced that its Vigoride-5 Orbital Service Vehicle, launched on January 3 via SpaceX's Transporter-6 mission, is operational. The company is actively commissioning the vehicle for on-orbit services and has requested a Special Temporary Authority to enhance UHF beacon tracking for an additional 14 days. Initial data shows the vehicle's solar arrays are working well, generating power within expected ranges. Momentus focuses on in-space transportation and infrastructure services, leveraging innovative propulsion systems.
Momentus Inc. (NASDAQ: MNTS) announced key leadership appointments, with Chris Kinman joining as Chief Commercial Officer on January 9 and Dennis Mahoney serving as Interim Chief Financial Officer from January 7. Both leaders bring extensive experience in their fields, with Kinman previously at Northrop Grumman focusing on business development in the defense and space sectors, and Mahoney having over 40 years in financial strategy and operations across various industries. The company aims to capitalize on growing demand for in-space transportation and infrastructure services.
Momentus Inc. (NASDAQ: MNTS) successfully launched its Vigoride Orbital Service Vehicle (OSV) on SpaceX's Transporter-6 mission, marking its second demonstration flight. The vehicle has established contact and confirmed the deployment of solar arrays, generating power. The Vigoride OSV aims to provide advanced in-space transportation services using a Microwave Electrothermal Thruster (MET) that utilizes water as a propellant. This flight will host payloads from Caltech and Qosmosys while testing the vehicle's performance, including its MET system.
Momentus Inc. (NASDAQ: MNTS) concludes 2022 with notable achievements, including its first successful mission and the delivery of eight customer payloads to orbit. The company expanded its service offerings, signed new agreements with NASA and other clients, and advanced technology for its Vigoride Orbital Service Vehicle. Looking forward, Momentus has secured Launch Services Agreements with SpaceX for multiple rideshare missions in 2023 and aims to continue innovating its technology to enhance in-space transportation and infrastructure services.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced the granting of inducement awards to 10 new employees, consisting of 433,447 restricted stock units (RSUs) worth approximately $0.51 million. The awards were authorized by Momentus' Compensation Committee to incentivize new hires. The RSUs feature a three-year quarterly or a four-year annual vesting schedule, contingent upon the employees' continued service. This strategic move is part of Momentus' efforts to bolster its workforce as it aims to expand its in-space infrastructure services.
Momentus Inc. (NASDAQ: MNTS) has entered an agreement with the Australian Research Council Training Centre for CubeSats, Uncrewed Aerial Vehicles, and their Applications (CUAVA) to transport the Waratah Seed WS-1 CubeSat to low-Earth orbit in October 2023. This mission aims to provide space access for NSW-based Australian space startups to demonstrate their technologies. The Waratah Seed mission is supported by the NSW Government and is Australia's first rideshare initiative, set to deliver a 6U CubeSat platform for testing in low-Earth orbit.
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?
