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 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.