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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 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.
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.
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