Momentus Signs Long-Term Agreement to Partner with Leading 3D Printing Technology Leader Velo3D
Momentus (NASDAQ: MNTS) has entered into a five-year master services agreement with Velo3D, a leading 3D printing solutions provider. The all-stock transaction aims to enhance Momentus' space system component production capabilities through advanced additive manufacturing.
The partnership focuses on optimizing spacecraft design, reducing production costs, enhancing component reliability, and supporting rapid prototyping. Momentus plans to use these components in their satellites and Orbital Service Vehicles, while also creating new revenue streams by selling components to space industry customers.
As compensation, Momentus issued 477,455 shares of Class A common stock and 673,408 shares of non-voting Series A Convertible Preferred Stock to Velo3D. The agreement includes a revenue-sharing provision where Momentus receives compensation when Velo3D utilizes excess capacity for other customers: 20% of ($3M - Momentus service fees) in year one and 50% in subsequent years.
Momentus (NASDAQ: MNTS) ha stipulato un contratto di servizi master di cinque anni con Velo3D, un fornitore leader di soluzioni di stampa 3D. La transazione interamente in azioni mira a migliorare le capacità di produzione dei componenti del sistema spaziale di Momentus attraverso la produzione additiva avanzata.
La partnership si concentra sull'ottimizzazione del design delle navette spaziali, sulla riduzione dei costi di produzione, sul miglioramento dell'affidabilità dei componenti e sul supporto alla prototipazione rapida. Momentus prevede di utilizzare questi componenti nei propri satelliti e veicoli di servizio orbitale, creando anche nuove fonti di reddito vendendo componenti ai clienti dell'industria spaziale.
Come compenso, Momentus ha emesso 477.455 azioni di Classe A e 673.408 azioni di azioni privilegiate convertibili di Serie A non votanti a Velo3D. L'accordo include una clausola di condivisione dei ricavi in base alla quale Momentus riceve un compenso quando Velo3D utilizza capacità in eccesso per altri clienti: il 20% di ($3M - tariffe di servizio di Momentus) nel primo anno e il 50% negli anni successivi.
Momentus (NASDAQ: MNTS) ha firmado un acuerdo maestro de servicios de cinco años con Velo3D, un proveedor líder de soluciones de impresión 3D. La transacción, que es completamente en acciones, tiene como objetivo mejorar las capacidades de producción de componentes del sistema espacial de Momentus a través de la fabricación aditiva avanzada.
La asociación se centra en optimizar el diseño de naves espaciales, reducir los costos de producción, mejorar la fiabilidad de los componentes y apoyar la creación rápida de prototipos. Momentus planea utilizar estos componentes en sus satélites y Vehículos de Servicio Orbital, al mismo tiempo que crea nuevas fuentes de ingresos vendiendo componentes a clientes de la industria espacial.
Como compensación, Momentus emitió 477,455 acciones de Clase A y 673,408 acciones de acciones preferentes convertibles de Serie A sin derecho a voto a Velo3D. El acuerdo incluye una disposición de participación en los ingresos donde Momentus recibe compensación cuando Velo3D utiliza capacidad excedente para otros clientes: el 20% de ($3M - tarifas de servicio de Momentus) en el primer año y el 50% en los años siguientes.
Momentus (NASDAQ: MNTS)는 3D 프린팅 솔루션 제공업체인 Velo3D와 5년 마스터 서비스 계약을 체결했습니다. 이 주식 거래는 Momentus의 우주 시스템 구성 요소 생산 능력을 고급 적층 제조를 통해 향상시키는 것을 목표로 합니다.
파트너십은 우주선 설계를 최적화하고, 생산 비용을 절감하며, 구성 요소의 신뢰성을 향상시키고, 신속한 프로토타입 제작을 지원하는 데 중점을 두고 있습니다. Momentus는 이러한 구성 요소를 위성 및 궤도 서비스 차량에 사용할 계획이며, 우주 산업 고객에게 구성 요소를 판매하여 새로운 수익원을 창출할 것입니다.
보상으로 Momentus는 Velo3D에 477,455주 Class A 보통주와 673,408주 비의결권 A 시리즈 전환 우선주를 발행했습니다. 계약에는 Velo3D가 다른 고객을 위해 여유 용량을 사용할 때 Momentus가 보상을 받는 수익 공유 조항이 포함되어 있습니다: 첫 해에는 ($3M - Momentus 서비스 수수료)의 20%를, 이후 해에는 50%를 받습니다.
Momentus (NASDAQ: MNTS) a conclu un contrat de services principal de cinq ans avec Velo3D, un fournisseur leader de solutions d'impression 3D. La transaction entièrement en actions vise à améliorer les capacités de production des composants des systèmes spatiaux de Momentus grâce à une fabrication additive avancée.
Le partenariat se concentre sur l'optimisation de la conception des engins spatiaux, la réduction des coûts de production, l'amélioration de la fiabilité des composants et le soutien à la prototypage rapide. Momentus prévoit d'utiliser ces composants dans ses satellites et véhicules de service orbital, tout en créant de nouvelles sources de revenus en vendant des composants à des clients de l'industrie spatiale.
En compensation, Momentus a émis 477 455 actions ordinaires de classe A et 673 408 actions privilégiées convertibles de série A sans droit de vote à Velo3D. L'accord comprend une clause de partage des revenus selon laquelle Momentus reçoit une compensation lorsque Velo3D utilise une capacité excédentaire pour d'autres clients : 20 % de ($3M - frais de service de Momentus) la première année et 50 % les années suivantes.
Momentus (NASDAQ: MNTS) hat einen fünfjährigen Rahmenvertrag über Dienstleistungen mit Velo3D, einem führenden Anbieter von 3D-Drucklösungen, abgeschlossen. Die gesamte Transaktion in Aktien zielt darauf ab, die Produktionskapazitäten von Momentus für Raumfahrtsystemkomponenten durch fortschrittliche additive Fertigung zu verbessern.
Die Partnerschaft konzentriert sich auf die Optimierung des Raumfahrzeugdesigns, die Senkung der Produktionskosten, die Verbesserung der Zuverlässigkeit von Komponenten und die Unterstützung schneller Prototypen. Momentus plant, diese Komponenten in seinen Satelliten und Orbital-Service-Fahrzeugen zu verwenden und gleichzeitig neue Einnahmequellen zu schaffen, indem es Komponenten an Kunden der Raumfahrtindustrie verkauft.
Als Vergütung hat Momentus 477.455 Aktien der Klasse A und 673.408 Aktien der nicht stimmberechtigten Serie A wandelbaren Vorzugsaktien an Velo3D ausgegeben. Der Vertrag umfasst eine Umsatzbeteiligungsklausel, bei der Momentus eine Vergütung erhält, wenn Velo3D überschüssige Kapazitäten für andere Kunden nutzt: 20% von ($3M - Momentus-Servicegebühren) im ersten Jahr und 50% in den Folgejahren.
- New revenue stream potential from sales of 3D-printed space components
- Cost reduction through advanced manufacturing capabilities
- Revenue sharing agreement for unused capacity (20-50% of $3M minus service fees)
- Enhanced production capabilities for spacecraft components
- Stock dilution due to issuance of new shares and convertible preferred stock
- 9.99% ownership limitation on Velo3D's convertible preferred stock could impact future flexibility
Insights
Momentus's strategic partnership with Velo3D represents a meaningful advancement in the company's manufacturing capabilities and business model. This five-year master services agreement positions Momentus to leverage advanced additive manufacturing technology not just as a cost-reduction strategy, but as a potential new revenue stream through component sales to other space industry players.
The all-stock transaction structure (477,455 shares of Class A common stock and 673,408 shares of non-voting Series A Convertible Preferred Stock) allows Momentus to secure these manufacturing capabilities without cash expenditure, preserving liquidity while still providing value to Velo3D. The agreement's revenue-sharing provision - where Momentus receives 20% of $3 million less service fees in year one and 50% of $3 million less service fees in subsequent years when Velo3D uses excess capacity - creates an innovative mutual benefit structure.
From a technical perspective, additive manufacturing offers significant advantages for space applications, including complex geometries impossible with traditional manufacturing, reduced part counts, optimized mass-to-strength ratios, and accelerated production timelines. These capabilities could meaningfully enhance Momentus's Orbital Service Vehicles and satellite offerings while potentially reducing production costs.
The partnership signals Momentus's strategic pivot toward vertical integration and expanded revenue opportunities beyond its core space transportation services. This diversification could strengthen the company's competitive position in the increasingly crowded small satellite market, though execution will be critical to realizing these benefits.
This partnership represents a strategically sound move for Momentus that could strengthen both its operational capabilities and financial position. By structuring this as an all-stock transaction, Momentus gains access to advanced manufacturing capabilities without depleting cash reserves - crucial for a company in the capital-intensive space sector.
The potential for new revenue streams through component sales is particularly noteworthy. While Momentus's core business involves satellite transportation and in-space infrastructure services, this agreement allows them to enter the high-margin specialized component supply chain. Diversifying revenue sources could reduce business volatility and create steady income alongside their mission-based revenue.
The unique compensation mechanism when Velo3D uses excess capacity (20% of $3M minus service fees in year one, 50% of $3M minus fees thereafter) provides additional passive revenue potential. This structure incentivizes both parties to maximize the manufacturing capacity's utilization.
The issuance of both common stock and convertible preferred stock with a 9.99% ownership cap demonstrates financial structuring sophistication. This approach minimizes immediate dilution while giving Velo3D meaningful equity upside if the partnership succeeds.
From a competitive standpoint, vertical integration into component manufacturing could improve margins on Momentus's core offerings while opening doors to new customers. The five-year term provides stability for both companies to develop this relationship while still allowing flexibility if market conditions change significantly.
Aims to enable faster production of satellite and space system components, and make possible new revenue streams for innovative Silicon Valley space company
According to the terms of the all-stock transaction as reported in an 8-K filed by the Company today, Momentus plans to leverage the advanced additive manufacturing capabilities of Velo3D for faster, lower-cost production of space system components. The Company intends to utilize these components both in the Company’s satellites, Orbital Service Vehicles, and other space systems, while also selling critical components to customers in the space industry, which we believe will lead to new revenue streams from sales of components designed by Momentus and produced by Velo3D pursuant to the Master Services Agreement.
Momentus intends to leverage advanced additive manufacturing capabilities to:
- Optimize spacecraft design with the potential for lighter, stronger, and more complex geometries, improving overall performance.
- Reduce production costs: Traditional manufacturing methods require extensive machining, whereas additive manufacturing minimizes material waste and accelerates fabrication.
- Enhance component reliability: High-precision 3D-printed parts may contribute to improved durability and mission success.
- Support rapid prototyping: Additive manufacturing allows for quick design iterations, enabling faster testing and development.
- Design satellite and space system components that will be manufactured by Velo3D to supply to customers in the space industry, leading to new product lines and revenue streams.
"We’re pleased to be partnering with Velo3D to leverage the power of advanced manufacturing, to continue to improve the capabilities of our satellites and space systems and aiming to make our low-cost products and services even more cost-competitive," said Momentus’ CEO John Rood. "We are also excited about the ability to expand our product offerings to create new revenue streams through sales of space system components that are 3D printed.”
The Master Services Agreement also contains a provision, under which Velo3D may use capacity not utilized by Momentus to provide services to other customers. According to the Master Services Agreement, Momentus will be compensated for such use based on a formula equal to
In exchange for the services to be provided by Velo3D, the Company issued an aggregate of 477,455 shares of Class A common stock and 673,408 shares of non-voting Series A Convertible Preferred Stock, par value 0.00001 per share (the “Preferred Stock”). Each share of Preferred Stock is convertible into ten shares of Class A common stock, subject to the limitations in the Certificate of Designations of Preferences, Rights and Limitations of Series A Convertible Preferred Stock (the “Certificate of Designations”), including that Velo3D hold no more than
A.G.P./Alliance Global Partners acted as exclusive Financial Advisor to Momentus.
About Momentus
Momentus is a
About Velo3D
Velo3D is a metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company's solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system—all of which are powered by Velo3D's Intelligent Fusion manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as SpaceX, Aerojet Rocketdyne, Lockheed Martin, Avio, and General Motors. Velo3D was named as one of Fast Company's Most Innovative Companies for 2023. For more information, please visit Velo3D.com, or follow the company on LinkedIn or X.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on April 1, 2025, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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Investors: investors@momentus.space
Media: press@momentus.space
Source: Momentus Inc.
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