Momentus Inc - MNTS STOCK NEWS

Momentus Inc. (NASDAQ: MNTS) has provided a status update on its first demonstration mission, indicating that two-way contact has been established with the Vigoride Orbital Transfer Vehicle. Initial anomalies have occurred, and the company is applying for a Special Temporary Authority (STA) with the FCC to help command the vehicle back to its nominal configuration. The engineering and operations team is actively addressing these issues. Momentus aims to offer innovative in-space infrastructure services powered by a developing water plasma-based propulsion system.

Momentus Inc. (NASDAQ: MNTS) successfully launched its first Vigoride mission to low-earth orbit earlier this week, marking a significant milestone for the company. The mission involved deploying its first customer satellite and is part of a broader strategy to establish Momentus as a key player in the in-space transportation sector. CEO John Rood is set to ring the closing bell at Nasdaq MarketSite on May 27, 2022, celebrating this achievement and the company's public listing, which began trading on August 13, 2021.

Momentus Inc. (NASDAQ: MNTS) successfully launched its Vigoride orbital transfer vehicle on the SpaceX Transporter-5 mission, marking the company's first demonstration flight. The Vigoride spacecraft is set to operate in low-earth orbit for up to 180 days, deploying multiple customer payloads, including satellites from FOSSA Systems and Orbit NTNU. Momentus aims to provide innovative in-space infrastructure services utilizing its Microwave Electrothermal Thruster technology. This mission represents a significant step in supporting the emerging space economy.

Momentus Inc. (NASDAQ: MNTS) announced the granting of inducement awards to 20 new employees, approved by its Compensation Committee. These awards consist of 1,129,064 restricted stock units (RSUs) valued at approximately $3.3 million based on a closing price of $2.90 per share on May 20, 2022. The RSUs are set to vest over either three years with quarterly vesting or four years with annual vesting, contingent upon continued employment with Momentus. The company focuses on providing in-space transportation and infrastructure services, with plans for launching its first Vigoride vehicle soon.

Momentus Inc. (NASDAQ: MNTS) has successfully integrated its Vigoride Orbital Transfer Vehicle with customer payloads on a SpaceX Falcon 9 launch vehicle for the upcoming Transporter-5 mission, scheduled this month. The company has received all necessary government licenses for its inaugural launch, which aims to last up to 180 days. In addition, Momentus has acquired a second port on the Transporter-5 mission to offer varied orbital delivery services. The mission will test Vigoride's performance and gather insights for future developments.

Momentus Inc. (NASDAQ: MNTS) reported its financial results for Q1 2022, revealing progress in launching its Vigoride spacecraft. The spacecraft is now at Cape Canaveral for integration with a SpaceX Falcon 9 rocket, with the launch targeted for this month. The company successfully conducted extensive ground tests and signed agreements for four additional SpaceX missions through 2023. Momentus has also secured requisite government licenses and approvals, bolstering its regulatory compliance. Key talent has been added to strengthen the team, enhancing its competitive edge in the aerospace sector.

Momentus Inc. (NASDAQ: MNTS) announces the arrival of its Vigoride orbital transfer vehicle at Cape Canaveral, Florida, in preparation for its inaugural launch on the Falcon 9 rocket. The mission aims to test Vigoride in space, rectify any issues encountered, and incorporate lessons learned into future missions. Momentus is set to generate revenue by transporting customer payloads from clients including FOSSA Systems and Orbit NTNU. The launch is scheduled for May 2022, marking a significant step in providing in-space infrastructure services.

Momentus (NASDAQ: MNTS) announced a favorable FAA payload review for its inaugural Vigoride orbital transfer vehicle flight, scheduled for SpaceX's Transporter-5 mission this month. This decision concludes the final regulatory requirements, following the recent FCC license and NOAA updates, allowing communication with the spacecraft. The FAA's approval reflects progress in addressing national security concerns. The mission aims to transport customer payloads and test Vigoride in orbit, though revenue generation is secondary to operational learning.

Momentus Inc. (NASDAQ: MNTS) announced the appointment of Charles Chase, Nick Zello, and Gary Bartmann as Vice Presidents of Engineering, Operations, and Supply Chain, respectively. These leaders bring extensive aerospace experience, focusing on innovation and strategy development. CEO John Rood emphasized their roles in transitioning the company from development to production, particularly with the upcoming launch of their Vigoride vehicle, powered by a water plasma-based propulsion system. This move aims to enhance Momentus' capabilities in the commercial space sector.