Momentus Inc Stock Price, News & Analysis

Momentus Inc. (NASDAQ: MNTS) announced the resignation of President Fred Kennedy, effective January 21. Kennedy praised the team's professionalism and commitment to the company's vision as he departs to relocate with his family. Chief Technology Officer Rob Schwarz will step in as interim Head of Engineering and Operations while the search for new executive leadership begins. CEO John Rood will also take on the role of President. The company focuses on launching its first Vigoride vehicles, with preparations for a June 2022 launch, subject to necessary government licenses.

Momentus Inc. (NASDAQ: MNTS) announced the resignation of President Fred Kennedy, effective January 21. CEO John Rood will also take on the role of President while Chief Technology Officer Rob Schwarz will serve as interim Head of Engineering and Operations. The company is focused on launching its first Vigoride vehicles, with preparations underway for a June 2022 mission, pending government licenses. Momentus offers in-space infrastructure services and is developing a water plasma-based propulsion system for its Vigoride vehicles.

Momentus Inc. (NASDAQ: MNTS) has been included in the Procure Space Exchange-Traded Fund (ETF) (NASDAQ: UFO), marking a significant milestone for the company. This ETF, the first of its kind focused on the global space economy, added MNTS as part of its semi-annual portfolio rebalancing on December 20. Momentus aims to provide in-space infrastructure services, including transportation and hosted payloads, with its innovative water plasma propulsion system. CEO John Rood expressed optimism about the future potential of commercial space services.

Momentus Inc. (NASDAQ: MNTS) has established a Strategic Advisory Group (SAG) comprising experienced leaders to guide its programmatic, technical, and operational strategies. The SAG will support Momentus' mission to enhance in-space infrastructure services. The group features five experts with over 150 years of combined experience in technology and business operations. Momentus aims to leverage their insights to position itself as a leader in the emerging space economy.

Momentus Inc. (NASDAQ: MNTS) announced that its common stock will be included in the MSCI Global Small Cap Indexes after market close on November 30, 2021. This inclusion is significant as the MSCI Small Cap Index serves as a benchmark for investor institutions and spans more than 20 developed markets, representing about 14% of free float-adjusted market capitalization. CEO John Rood highlighted the company's progress towards providing essential space transportation and infrastructure services, with aims for its Vigoride vehicle to launch to Low Earth Orbit as early as June 2022.

Momentus Inc. (NASDAQ: MNTS) reported its Q3 2021 financial results, highlighting major milestones such as the successful business combination with Stable Road, which improved liquidity for future operations. The company added experienced leaders from defense sectors and made significant progress in implementing its National Security Agreement. Key developments included advancements in the Vigoride vehicle's assembly and testing, securing a Launch Services Agreement for a June 2022 mission, and settling all obligations with the SEC. These steps collectively position Momentus to enhance its infrastructure services in space.

Momentus Inc. (NASDAQ: MNTS) will release its third quarter financial results on November 9, 2021, after U.S. market close. A conference call is scheduled for 2:00 p.m. PT to discuss these results. The company's focus is on providing in-space infrastructure services, including in-space transportation powered by a water plasma propulsion system. Momentus aims to launch its first Vigoride vehicles as early as June 2022, pending government approvals and launch availability.

Momentus Inc. has appointed Paul Ney, former General Counsel of the U.S. Department of Defense, as its new Chief Legal Officer and Corporate Secretary. With nearly 40 years of legal expertise, Ney's tenure at the Pentagon involved overseeing a large legal team and contributing to national security. CEO John Rood highlighted Ney's leadership as vital for navigating the evolving space economy and enhancing the company's technology protection efforts. Ney expressed enthusiasm for the role, emphasizing the potential of in-space infrastructure services.

Momentus Inc., a U.S. commercial space company, has successfully completed its business combination with Stable Road Acquisition Corp. This merger, approved by 97% of SRAC stockholders, raised approximately $247 million, including a private placement. Momentus plans to utilize these funds for operational expenses, share repurchases, and debt retirement, expecting to maintain around $150 million in cash post-transaction. The company aims for its first launch by June 2022, contingent on regulatory approvals, as it positions itself to offer in-space transportation and infrastructure services within the emerging space economy.