Momentus (NASDAQ: MNTS) guides 9x 2026 revenue and boosts cash
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Momentus Inc. released a shareholder letter and press release outlining sharp expected growth and a stronger balance sheet. The company forecasts $10.0 million in 2026 revenue, a roughly 9x increase from $1.1 million in 2025, largely from milestone payments on existing NASA and defense contracts.
As of April 23, 2026, Momentus held $26.2 million in cash, up from $12.8 million at 2025 year-end, and reports having no outstanding debt after retiring $1.35 million of convertible notes. A recent private placement raised about $5 million through the sale of 1,333,334 shares or equivalents.
The letter highlights successful launch and operation of the Vigoride 7 orbital service vehicle with 10 payloads, a sold-out Vigoride 8 mission planned for 2027, and active contracts including approximately $4.2 million with DARPA and $1.9 million with SpaceWERX. Momentus has expanded into a 61,100‑square‑foot San Jose facility to support growing demand from defense and NASA programs.
Positive
- Sharp guided revenue growth: Management forecasts $10.0 million of 2026 revenue versus $1.1 million in 2025, implying roughly 9x growth based mainly on already-awarded contracts.
- Improved balance sheet and liquidity: Cash increased to $26.2 million as of April 23, 2026 from $12.8 million, the company has no outstanding debt, and a recent private placement raised about $5 million.
- Operational and contract momentum: The Vigoride 7 mission is operating on-orbit with 10 contracted payloads including DARPA and SpaceWERX work, and the planned 2027 Vigoride 8 mission is already fully sold out.
Negative
- None.
Insights
Momentus pairs 9x revenue forecast with a cleaner balance sheet and rising defense exposure.
Momentus guides to $10.0 million of 2026 revenue versus $1.1 million in 2025, driven mainly by milestone payments on previously awarded NASA and defense contracts. This ties growth expectations to already-signed work rather than purely speculative opportunities.
Liquidity has improved, with cash at $26.2 million as of April 23, 2026, up from $12.8 million, and all debt retired after paying or converting $1.35 million of convertible notes. A private placement added about $5 million, helping support the stated 12‑month runway.
On the commercial side, the Vigoride 7 mission is operational with 10 payloads under contracts including about $4.2 million from DARPA and $1.9 million from SpaceWERX, and the 2027 Vigoride 8 mission is fully sold out. Future results will depend on executing these missions, meeting contract milestones, and winning additional work in programs like MDA’s SHIELD IDIQ over the coming years.
8-K Event Classification
3 items: 2.02, 7.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
2026 revenue forecast: $10.0 million
2025 revenue: $1.1 million
Cash balance: $26.2 million
+5 more
8 metrics
2026 revenue forecast
$10.0 million
Management forecast for full-year 2026 revenue
2025 revenue
$1.1 million
Revenue reported in fiscal year 2025 Annual Report
Cash balance
$26.2 million
Cash as of April 23, 2026
Year-end 2025 cash
$12.8 million
Cash at fiscal year-end 2025
Private placement size
$5 million
Approximate gross proceeds from April 16, 2026 equity financing
Shares issued in placement
1,333,334 shares
Common stock or equivalents sold in April 16, 2026 private placement
Debt retired
$1.35 million
Convertible debt eliminated as of the letter date
New headquarters size
61,100 square feet
San Jose facility opened in March 2026
Key Terms
orbital service vehicle, indefinite-delivery, indefinite-quantity (IDIQ), Top Secret security clearance, rendezvous and proximity operations (RPO), +2 more
6 terms
orbital service vehicle technical
"On March 30, 2026, Momentus launched the Vigoride 7 Orbital Service Vehicle carrying 10 payloads"
An orbital service vehicle is a spacecraft that acts like a tow truck and mobile mechanic in orbit: it approaches, inspects, repairs, refuels, relocates or removes other satellites and space debris instead of launching replacements. For investors, these vehicles can lower costs and extend the revenue life of satellites, create new service markets and revenue streams, and change risk profiles for satellite operators and insurers, affecting valuations across the space industry.
indefinite-delivery, indefinite-quantity (IDIQ) regulatory
"the Missile Defense Agency’s (MDA’s) SHIELD indefinite-delivery, indefinite-quantity (IDIQ) contract vehicle"
An indefinite-delivery, indefinite-quantity (IDIQ) contract is a standing agreement that lets a buyer purchase unspecified amounts of goods or services over a set period, up to a maximum ceiling, without committing to exact delivery dates or quantities upfront. For investors, IDIQs matter because they can provide a predictable stream of potential sales and a pipeline of future orders while preserving flexibility for the buyer, so winning such contracts can reduce revenue uncertainty and improve a supplier’s backlog visibility.
Top Secret security clearance regulatory
"This clearance authorizes Momentus to perform on contracts up to the Top Secret level"
rendezvous and proximity operations (RPO) technical
"demonstrations of autonomous rendezvous and proximity operations (RPO) utilizing AI"
Rotating Detonation Rocket Engine (RDRE) technical
"a $2.5 million contract to demonstrate the Rotating Detonation Rocket Engine (RDRE) on-orbit"
Golden Dome missile defense initiative financial
"SHIELD is an element of the new Golden Dome missile defense initiative"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
(Exact name of registrant as specified in its charter)
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(I.R.S. Employer Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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(650 ) 564-7820
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to section 12(g) of the Act:
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Results of Operations and Financial Condition.
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On May 5, 2026, Momentus Inc. (the “Company”) issued a letter to shareholders (the “Shareholder Letter”), which was posted on its website at
investors.momentus.space. A copy of the Shareholder Letter is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated by reference herein.
The Shareholder Letter includes estimates of certain preliminary financial results, which reflect management’s estimates based solely upon information
available to management as of the date of the Shareholder Letter and are subject to the completion and finalization of the Company’s financial and accounting close procedures. The Shareholder Letter also includes guidance for the full 2026 fiscal
year and business updates.
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Regulation FD Disclosure.
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The information set forth in Item 2.02 of this Current Report is incorporated in this item 7.01 by reference.
The Company also issued a press release (the “Press Release”) on the same date that the Shareholder Letter was issued. A copy of the Press Release is
furnished herewith as Exhibit 99.2 to this Current Report and is incorporated herein by reference.
The information in Item 2.02 and this Item 7.01, including Exhibits 99.1 and 99.2, is being furnished, not filed, pursuant to Regulation FD.
Accordingly, such information will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by
reference. The furnishing of such information is not intended to, and does not, constitute a determination or admission by the Company that such information is material or complete, or that investors should consider this information before making
an investment decision with respect to any security of the Company or any of its affiliates.
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Financial Statements and Exhibits.
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(d) Exhibits
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Exhibit
Number
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Exhibit Description
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99.1
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Letter to Shareholders, dated May 5, 2026, issued by Momentus Inc.
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99.2
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Press Release, dated May 5, 2026, issued by Momentus Inc.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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By:
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/s/ Lon Ensler |
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Name:
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Lon Ensler
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Dated:
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May 5, 2026
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Title:
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Chief Financial Officer
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Exhibit 99.1
Letter to Shareholders
Key Takeaways
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Strong execution: Momentus launched its Vigoride 7
spacecraft to orbit on March 30, 2026 on the SpaceX Transporter 16 launch vehicle. Vigoride 7’s mission features demonstrations of cutting-edge space technologies and operations planned over the next several months.
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Space Force budget increase: The FY2027 U.S. Space Force
budget request of $71 billion—more than double last year’s allocation—potentially represents an historic inflection in government space spending.
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Government contract awards accelerating: Momentus holds
active contracts with DARPA, the U.S. Air Force Research Labs (AFRL) SpaceWERX organization, the U.S. Space Force’s Space Development Agency (SDA), NASA, and the Missile Defense Agency, including the SHIELD IDIQ— where Momentus has the
right to compete for contracts in a $151 billion, 10-year national defense contract vehicle tied to the Golden Dome missile defense initiative. Momentus is cleared to Top Secret and positioned to compete for classified programs.
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Revenue inflection: Momentus forecasts revenue of $10.0
million in 2026, a 9X increase over $1.1 million in 2025, driven by milestone-based contracts with NASA and the U.S. Department of Defense.
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Strengthened balance sheet: Cash on hand increased to $26.2
million as of April 23, 2026, up from $12.8 million at year-end 2025, which we estimate provides us with at least a 12-month runway.
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Fundamental Institutional Investor Support: On April 16,
2026, we closed a $5 million private placement of common stock priced at the market under Nasdaq rules with a fundamental institutional investor.
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Convertible Debt Retired: As of April 17, 2026, the
Company’s remaining $1.35 million convertible debt outstanding as of December 31, 2025 has been retired. As of the date of this letter, Momentus has no outstanding debt.
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Vigoride 8 already sold out: The next orbital service
vehicle mission, planned for 2027, is fully subscribed with NASA-awarded contracts, demonstrating continued customer demand.
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CEO Letter to Shareholders
I wanted to give shareholders an update on the progress that we continue to make at Momentus. The United States is making a major commitment to space as a domain of
national defense—and Momentus is well-positioned to support that effort, with key technologies and active contracts spanning the Defense Advanced Research Projects Agency (DARPA), the U.S. Space Force’s Space Development Agency (SDA), SpaceWERX
(the innovation arm of the U.S. Space Force at AFRL), and the Missile Defense Agency.
NASA has also put forward a bold vision and commitment to U.S. leadership in space exploration, including astronauts living and working on the Moon. Momentus won a
series of contracts last year from NASA, and we are poised to play a growing role supporting NASA. Momentus also recently moved into a new facility well suited to scale with those ambitions. This letter details where we stand today and why we
believe the opportunity ahead is as significant as any in the company’s history.
Momentus currently forecasts revenue of $10.0 million in 2026, a 9X increase over $1.1 million reported in our fiscal year 2025 Annual Report filed March 31, 2026. This
forecast reflects anticipated milestone-based payments from customers—principally NASA—under contracts already awarded and signed. We have submitted additional contract proposals to customers that, if awarded, have the potential to push full-year
2026 revenue above $10.0 million.
Strengthened Financial Foundation and Fundamental Institutional Investor Support
Momentus has substantially strengthened its balance sheet over the past year. As of April 23, 2026, the Company held $26.2 million in cash—up from $12.8 million at fiscal
year-end 2025. This liquidity is projected to provide at least 12-month operational runway. We believe improved financial stability will support our commercial and defense contracting ambitions, as these customers generally require demonstrated
financial health from mission partners.
On April 16, 2026, Momentus announced the closing of a private placement priced at-the-market with a single institutional investor for the purchase and sale of 1,333,334
shares of its common stock (or common stock equivalents in lieu thereof). The Company received aggregate gross proceeds of approximately $5 million, before deducting placement agent fees and other Offering expenses. We are pleased to welcome this
high quality fundamental institutional investor to our capitalization table.
As of the date of this letter, Momentus has retired $1.35 million of convertible debt that was outstanding on December 31, 2025 through repayment or conversions. As of
the date of this letter, Momentus has no outstanding debt.
Strong Execution
On March 30, 2026, Momentus launched the Vigoride 7 Orbital Service Vehicle carrying 10 payloads to orbit aboard SpaceX’s Transporter 16 mission. Standing on the beach at
Vandenberg Space Force Base before dawn alongside members of our team, I watched the Falcon 9 illuminate the night sky—and what I felt in that moment was not just pride in a successful launch, but conviction in the mission we have started and the
talented team at Momentus that made it possible. Vigoride 7 is operational, its payloads all indicate good health, and initial operation of the first payloads planned for operation and maneuver of the spacecraft is going well
This mission is planned to run for several months and is being operated from Momentus’ Mission Control Center in our new facility in San Jose, California. The 10 payloads
include demonstrations of autonomous rendezvous and proximity operations (RPO) utilizing AI—a strategically critical capability for Space Force contested-orbit operations—as well as in-space assembly technologies, advanced communications systems,
and high-performance onboard computing demonstrating some of the technologies needed for data centers in orbit.
These activities are conducted under active contracts with NASA, multiple Department of Defense organizations, and commercial partners—including an approximately $4.2
million contract with DARPA, an approximately $1.9 million contract with SpaceWERX (the innovation arm of the U.S. Space Force), and additional contracts with NASA’s Johnson Space Center and Armstrong Flight Research Center.
During the Vigoride 7 mission, Momentus is also testing an innovative fuel tank designed in-house and manufactured by partner Velo3D using advanced metal additive
manufacturing. The tank incorporates optimized features that we believe would be difficult or impossible to achieve through traditional manufacturing. This test represents a step toward Momentus becoming a qualified supplier of space-rated fuel
tanks—typically high-cost components that require long lead times to obtain. This capability directly supports national defense supply chain resilience, and our aim is to add this product area as a new revenue stream.
The technologies flying on Vigoride 7—from autonomous maneuvering to in-space assembly—are critical building blocks for the emerging space economy and for U.S. defense
capabilities in orbit. We are proud to serve DARPA, the Space Force, Air Force Research Labs SpaceWERX, NASA, and commercial partners including Portal, Orbit Fab, CisLunar Industries, DPhi, Scout Space, and Solstar Space.
Our next mission, the Vigoride 8 Orbital Service Vehicle planned for launch in 2027, is already fully sold out. We are slated to carry two cutting-edge payloads under
NASA-awarded contracts.
Serving the National Defense of the United States
The United States is making a generational commitment to defending its interests in space, and Momentus has built the capabilities and infrastructure, and obtained the
Top Secret security clearances to serve that mission. U.S. allies are also taking major steps in their space programs, with substantial increases in budgets and new programs.
The Trump administration’s fiscal year 2027 budget proposal, released April 3, 2026, calls for a sharp expansion of U.S. military spending, including a particularly large
increase for the U.S. Space Force as the Pentagon shifts resources toward on-orbit capabilities for missile defense and several other missions. The President’s requested Space Force budget of $71 billion—more than double last year’s
allocation—includes over $60 billion directed to procurement and research and development.
The budget proposal supports space-based missile defense sensors and interceptors, kinetic and non-kinetic defeat and defense capabilities, and enabling technologies for
a layered homeland missile defense architecture. These are areas in which Momentus competes using proprietary technology.
Momentus has been selected to participate in the Missile Defense Agency’s (MDA’s) SHIELD indefinite-delivery, indefinite-quantity (IDIQ) contract vehicle—a 10-year
program with a $151 billion ceiling. SHIELD is an element of the new Golden Dome missile defense initiative, designed to construct a layered national shield against advanced ballistic and hypersonic cruise missile threats that will define the
architecture of American missile defense over the next decade. Being selected for this contract vehicle gives Momentus the ability to compete for task orders under the SHIELD program alongside other participating contractors. We believe we have
built the capabilities, security clearances, and infrastructure to earn that work.
Momentus has also been awarded a contract by SpaceWERX under the Sustained Space Maneuver Challenge—directly addressing one of the Space Force’s most strategically
important capability requirements: autonomous rendezvous and proximity operations (RPO) in contested orbital environments. Under this contract, Momentus will demonstrate an internally developed RPO system equipped with optical, infrared, and Lidar
sensors, integrating AI-driven algorithms and advanced sensor fusion to enable the safe, autonomous approach of a spacecraft to an uncharacterized object in low Earth orbit. This capability underpins Space Force missions spanning reconnaissance,
on-orbit refueling, dynamic maneuvering, and offensive and defensive orbital operations.
Momentus holds a Facility Security Clearance—granted through active contracts with DARPA and the Space Development Agency (SDA), an arm of the U.S. Space Force. This
clearance authorizes Momentus to perform on contracts up to the Top Secret level across the U.S. Space Force and other government agencies. Top Secret security clearance is a prerequisite for contractors to perform under many of the most
consequential programs in the defense contracting environment. Momentus, with its Top Secret security clearance, is now able to pursue these classified programs that many space companies cannot access.
In addition, we have submitted proposals to multiple U.S. Department of Defense agencies and NASA, and we are actively pursuing additional commercial opportunities.
In March 2026, Momentus moved into a new 61,100-square-foot headquarters in San Jose—nearly quadrupling our clean room, R&D and manufacturing capacity from 4,500 to
16,000 square feet. The facility features extensive lab space, clean room capabilities, a machine shop, a robust electrical infrastructure, and a dedicated Mission Control Center for on-orbit operations. By moving into this facility, Momentus
lowered monthly operating costs while dramatically expanding production capacity to support accelerating demand from commercial customers and national security programs—including Golden Dome and MDA SHIELD.
NASA and the New Era of Space Exploration
Momentus is proud to support NASA across a growing portfolio of contracts. In 2025, we signed six NASA agreements, including a $5.1 million contract to support the
Commercial Orbital System for Microgravity In-Space Crystallization (COSMIC) demonstration—a pioneering program to advance crystal growth for pharmaceuticals, semiconductors, and advanced materials in the microgravity environment of space—and a
$2.5 million contract to demonstrate the Rotating Detonation Rocket Engine (RDRE) on-orbit, a next-generation propulsion technology with applications across both commercial and defense missions.
NASA Administrator Jared Isaacman has articulated an ambitious vision for U.S. leadership in space, championing greater investment in exploration and pushing the agency
toward bold, near-impossible projects. The Artemis II mission—the first crewed lunar mission in over a half century—surpassed the farthest distance from Earth traveled by humans since Apollo 13, and the four Artemis astronauts had a successful
splashdown. NASA’s objective is to land astronauts on the Moon by early 2028, with a sustained lunar presence to follow. Momentus expects this initiative to create new mission opportunities, including through our patented water-propellant
propulsion system, which we believe will be well- suited to certain deep-space logistics applications.
Outlook
Momentus enters the remainder of 2026 with a fully operational spacecraft on-orbit, a sold-out next mission, a strengthened balance sheet, active contracts with the
nation’s top defense agencies, and a facility built to scale. The convergence of surging defense investment in space, NASA’s renewed exploration mandate, and growing commercial demand for in-space services creates a market environment unlike
anything Momentus has operated in before.
We are not a company waiting for opportunity to arrive. We are actively executing towards it—mission by mission, contract by contract. We thank our shareholders for their
continued confidence and look forward to delivering results that reflect the strength of what we are building.
Sincerely,
/s/ John Rood
John Rood
Chairman, President, and CEO
Momentus Inc.
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. The Company offers
satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and
refueling, and transportation of satellites to specific orbits.
This letter contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements include, without limitation, statements
regarding management’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts of revenue and cash runway, anticipated growth in U.S. Government and Space Force spending, and other characterizations of
future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this letter, including but not limited to our
ability to meet milestones linked to payments under existing contracts, our ability to win future contracts from Space Force, NASA, the MDA SHIELD IDIQ or otherwise, our ability to raise additional capital to support our business plan, the risk
that future capital raising activities will be dilutive to shareholders, the ability of our technology to operate as expected, our ability to obtain licenses and government approvals for our missions, our ability to develop, test and validate our
technology, including its water plasma propulsion technology; delays or impediments we may face in the development, manufacture and deployment of our technology, and other risks and uncertainties included under the heading “Risk Factors” in the
Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov, and
the Investor Relations section of our website at https://momentus.space.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required
by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Investors: investors@momentus.space
Media: press@momentus.space
Exhibit 99.2
Momentus Publishes Letter to Shareholders Highlighting Progress
Advancing mission execution, commercial momentum, revenue growth, and stronger balance sheet
SAN JOSE, Calif. — May 5, 2026 — Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the
“Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in‑orbit services, today
announced that it has released a Letter to Shareholders from CEO John Rood, detailing the company’s progress in winning new contracts, growing revenue, retiring its debt, and strengthening its balance sheet.
The letter outlines key achievements across mission execution, technology development, and commercial expansion.
“Our team continues to demonstrate disciplined execution,” said CEO John Rood in the letter. “We remain focused on delivering for our customers, strengthening our
operational foundation, and positioning Momentus for long‑term growth.”
Highlights from the Letter to Shareholders include:
| • |
Strong execution: Momentus launched its Vigoride 7 spacecraft to orbit on March 30, 2026 on the SpaceX Transporter 16 launch vehicle. Vigoride 7’s mission features demonstrations of cutting-edge
space technologies and operations planned over the next several months.
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| • |
Space Force budget increase: The FY2027 U.S. Space Force budget request of $71 billion—more than double last year’s allocation—potentially represents an historic inflection in government space
spending.
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Government contract awards accelerating: Momentus holds active contracts with DARPA, the U.S. Air Force Research Labs (AFRL) SpaceWERX organization, the U.S. Space Force’s Space Development Agency
(SDA), NASA, and the Missile Defense Agency, including the SHIELD IDIQ— where Momentus has the right to compete for contracts in a $151 billion, 10-year national defense contract vehicle tied to the Golden Dome missile defense initiative.
Momentus is cleared to Top Secret and positioned to compete for classified programs.
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| • |
Revenue inflection: Momentus forecasts revenue of $10.0 million in 2026, a 9X increase over $1.1 million in 2025, driven by milestone-based contracts with NASA and the U.S. Department of Defense.
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Strengthened balance sheet: Cash on hand increased to $26.2 million as of April 23 2026, up from $12.8 million at year-end 2025, which we estimate provides us with at least a 12-month runway.
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Fundamental Institutional Investor Support: On April 16, 2026, we closed a $5 million private placement of common stock priced at the market under Nasdaq rules with a fundamental institutional
investor.
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Convertible Debt Retired: As of April 17, 2026, the Company’s remaining $1.35 million convertible debt outstanding as of December 31, 2025 has been retired. As of the date of this letter,
Momentus has no outstanding debt.
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| • |
Vigoride 8 already sold out: The next orbital service vehicle mission, planned for 2027, is fully subscribed with NASA-awarded contracts, demonstrating continued customer demand.
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The full CEO Letter to Shareholders is now available on the company’s investor relations website. investors.momentus.space
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride
orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws.
Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future,
projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to
inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in
this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our
other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information,
future events, or otherwise.
Contact:
Investors: investors@momentus.space
Media: press@momentus.space
FAQ
How has Momentus’ cash position and debt changed according to the 8-K?
As of April 23, 2026, Momentus reported $26.2 million in cash, up from $12.8 million at 2025 year-end. The company retired $1.35 million of convertible debt and now has no outstanding debt, improving financial flexibility and reducing interest burdens.
What equity financing did Momentus (MNTS) complete in April 2026?
On April 16, 2026, Momentus closed a private placement priced at-the-market with a single institutional investor, selling 1,333,334 common shares or equivalents. The company received approximately $5 million in gross proceeds before fees and expenses, strengthening its balance sheet.
How is Momentus positioned in U.S. defense and missile defense programs?
Momentus participates in the Missile Defense Agency’s SHIELD IDIQ, a 10-year contract vehicle with a $151 billion ceiling, allowing it to compete for task orders. It also holds a Facility Security Clearance authorizing work up to the Top Secret level on U.S. Space Force and other government programs.
What facility expansion did Momentus (MNTS) describe in the filing?
In March 2026, Momentus moved into a 61,100‑square‑foot headquarters in San Jose, California. The site nearly quadruples clean room, R&D and manufacturing space from 4,500 to 16,000 square feet, adding labs, a machine shop, and a dedicated Mission Control Center for on-orbit operations.