Momentus Inc Stock Price, News & Analysis

Momentus Inc. (NASDAQ: MNTS) announced the appointment of Krishnan J. Anand as Vice President of Program Management. Anand will focus on enhancing program management practices, ensuring financial and quality objectives are met. His previous experience includes leading program management at Kitty Hawk Corp/Wisk Aero and roles at Lockheed Martin, where he managed a $256M THAAD missile defense project. This strategic hire aims to bolster Momentus's capabilities in commercial space transportation and infrastructure services.

FreeWire Technologies, a leader in ultrafast electric vehicle charging, has announced the appointment of Alex Fishkin as Chief Legal Officer, Elaine Wu as Vice President of Strategic Sourcing & Logistics, and Mark Marosz as Vice President of Quality & Compliance. These strategic hires come amidst growing demand for EV charging solutions and aim to enhance operations amidst supply chain challenges. FreeWire is also expanding its U.S. operations, driven by the Bipartisan Infrastructure Law, and recently launched a new global headquarters in Newark, CA to accelerate innovation in EV charging.

Momentus Inc. (NASDAQ: MNTS) provided a third Mission Update following the launch of its Vigoride-3 spacecraft on May 25. The vehicle faced operational anomalies including malfunctioning deployable solar arrays, impacting power and communications. Despite these challenges, two customer satellites were successfully deployed on May 28. However, the company has expressed decreased confidence in deploying additional satellites as communication issues persist. Momentus plans further Vigoride launches later this year, intending to implement lessons learned from the current mission.

Momentus Inc. (NASDAQ: MNTS) announced that CEO John Rood will participate in a virtual fireside chat on IPO Edge on June 1 at 2:00 p.m. ET. The discussion will focus on the Company's first demonstration mission and its vision for in-space transportation and infrastructure services, aimed at enabling the space economy. Momentus specializes in offering in-space infrastructure, including transportation and hosted payloads, with a unique water plasma propulsion system under development.

Momentus Inc. (NASDAQ: MNTS) has successfully deployed two customer satellites during its first demonstration mission. The company is addressing issues with its Vigoride spacecraft as part of its ongoing work and plans to deploy additional satellites. Momentus focuses on providing in-space infrastructure services and is working on innovative water plasma-based propulsion systems. However, the company cautions that forward-looking statements are subject to risks and uncertainties, and it does not guarantee future performance or results.

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.