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. (NASDAQ: MNTS) generates news as a U.S. commercial space company focused on satellites, in-space transportation, and orbital infrastructure services. Its press releases highlight developments in satellite buses, satellite components, hosted payloads, and missions flown on the company’s Vigoride Orbital Service Vehicle. News coverage often centers on how Momentus supports government and commercial customers with missions such as communications, missile tracking, and science activities in orbit.
Investors and industry followers can expect frequent updates on mission milestones and technology demonstrations. For example, the company has announced environmental testing milestones for its Vigoride‑7 Orbital Service Vehicle ahead of launch on a rideshare mission, as well as selection for the U.S. Missile Defense Agency’s SHIELD contract vehicle. These announcements describe how Vigoride and related systems may be used for missile tracking, communications, and technology demonstrations under national defense initiatives.
Momentus also issues news about technology partnerships and component development. Recent releases describe the development of an additively manufactured fuel tank in collaboration with Velo3D, scheduled for flight testing on a Vigoride mission, and a contract with DPhi Space to host the Clustergate‑2 edge computing payload to enable software and AI applications in orbit. Such updates provide insight into the company’s work on satellite components, fuel tanks, and hosted payload platforms.
Capital markets and corporate actions are another recurring theme in Momentus news. Press releases describe private placements, warrant inducement transactions, and reverse stock splits, along with the intended use of proceeds for working capital and general corporate purposes. Readers tracking MNTS news can follow these financing activities alongside operational updates, gaining a view into both the company’s in-orbit projects and its funding arrangements. Bookmarking the news feed for MNTS allows interested readers to monitor mission progress, contract awards, technology collaborations, and securities-related announcements as they are disclosed.
Momentus (NASDAQ: MNTS), a U.S. commercial space company, has signed a contract with the CUAVA Training Centre at the University of Sydney to deploy the CUAVA-2 CubeSat in low-Earth orbit, targeted for October 2023. CUAVA-2 will launch aboard a SpaceX Falcon 9 rocket and carries significant payloads, including a Hyperspectral Imager and a GPS Reflectometry payload. This partnership aims to enhance space technology applications, demonstrating Momentus' commitment to advancing in-space infrastructure.
Momentus Inc. (NASDAQ: MNTS) announced the arrival of its Vigoride Orbital Service Vehicle (OSV) at Cape Canaveral for its second demonstration mission set for December aboard the SpaceX Transporter-6. The mission will host a customer payload for Caltech and deliver a CubeSat for Qosmosys. Enhanced features of this next-gen Vigoride include a modular payload bay and a Microwave Electrothermal Thruster powered by water, aiming for safer, more efficient operations in space. CEO John Rood expressed confidence in the vehicle's improvements following learnings from its first mission in May.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, announced the retirement of Chief Revenue Officer Dawn Harms, effective December 31, 2022. Harms, who joined in 2019, played a crucial role in the company's transformation into a public entity and its first demonstration mission in May 2022. CEO John Rood praised her contributions and announced plans to appoint her successor later this year. Momentus focuses on offering in-space infrastructure services through innovative water plasma-based propulsion systems.
Momentus Inc. (NASDAQ: MNTS) announced CEO John Rood's participation in a panel discussion at the virtual Deutsche Bank Global Space Summit. Rood emphasized the growth of small satellite (smallsat) capabilities and the emergence of a rideshare launch economy. The company aims to tackle challenges in distributing smallsats to optimal orbits using its Vigoride vehicle and innovative propulsion technologies. Momentus launched its first mission in May 2022, deploying eight satellites, with its next mission scheduled for December, featuring collaborations with Caltech and Qosmosys.
Momentus Inc. (NASDAQ: MNTS) announced its third-quarter financial results for 2022, highlighting significant advancements in its space infrastructure services. The company successfully deployed five additional satellites, bringing its total to eight. Momentus is set to launch its Vigoride 5 vehicle on SpaceX in December, featuring innovative propulsion technology. Notably, a contract modification with NASA for satellite transport signifies growth in the Government market. Momentus also initiated capital raising efforts with a $200M S-3 registration statement and a $50M At-The-Market Equity program.
Momentus Inc. (NASDAQ: MNTS) has secured a contract modification with NASA's Kennedy Space Center to deliver two satellites for the LLITED mission, scheduled for launch in 2023. The company's Orbital Service Vehicle (OSV) is designed to provide high delta-v capabilities for precise orbital delivery, enhancing Momentus' role as a trusted partner for NASA. The LLITED mission aims to study upper atmospheric phenomena, contributing valuable insights into space weather that affects life on Earth. This collaboration underscores Momentus' commitment to expanding its services for government and commercial sectors.
Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company, will release its third-quarter 2022 financial results after U.S. market close on November 8, 2022. Following the release, a conference call will occur at 5:00 p.m. ET (2:00 p.m. PT) for discussion of the results. Participants can access the call via a designated number. Momentus specializes in in-space infrastructure services and is developing innovative propulsion systems. The press release also contains forward-looking statements and encourages caution regarding reliance on these projections.
Momentus Inc. (NASDAQ: MNTS) has successfully completed Thermal Vacuum (TVAC) testing of its Vigoride Orbital Service Vehicle in preparation for the upcoming SpaceX Transporter-6 mission in December. This milestone follows successful vibration testing and comprehensive evaluations of various subsystems. The upgraded Vigoride vehicle design enhances payload capacity while introducing modularity for customized mission profiles. The second mission will focus on delivering payloads for Caltech and Qosmosys, while also demonstrating Vigoride's water-based Microwave Electrothermal Thruster propulsion system.
Momentus Inc. (NASDAQ: MNTS) has successfully completed extensive ground testing of solar arrays for its upcoming Vigoride Orbital Service Vehicle, set to launch on SpaceX Transporter-6 in December 2022. The tests aimed to ensure effective deployment and functionality, addressing previous issues encountered during the first demonstration mission. The next mission will include innovative customer payloads and a new propulsion system designed for enhanced performance.
Momentus Inc. (NASDAQ: MNTS) has announced an equity distribution agreement to implement an at-the-market equity offering program, allowing them to sell up to $50 million in Class A common stock over three years. Sales will be facilitated by Stifel, Nicolaus & Company. Proceeds are intended for the development of the Vigoride orbital service vehicle and general corporate purposes, but the actual amount raised may be lower than the maximum. The offering is registered under the effective registration statement with the SEC, which allows capital raising of up to $200 million.
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