Momentus Inc. (MNTS)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Momentus's stock climbs, as space-services company is on pace to snap five-day losing streak
Shares of Momentus Inc., which provides satellite transportation and servicing, were up 6.1% in premarket trades Monday.
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Momentus (MNTS) Stock Blasts Off on New DARPA Deal
Momentus (NASDAQ: MNTS ) stock is rocketing higher on Thursday after the space construction company signed a new deal with the Defense Advanced Research Projects Agency (DARPA). According to a press release from the company, this deal will have it working alongside the government agency to build large-scale structures in space.
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Momentus Inc. Profile
| Aerospace & Defense Industry | Industrials Sector | John Charles Rood CEO | NASDAQ (CM) Exchange | 60879E309 CUSIP |
| US Country | 123 Employees | - Last Dividend | 13 Dec 2024 Last Split | 30 Dec 2019 IPO Date |
Overview
Momentus Inc., together with its subsidiaries, operates as a pioneering commercial space company. Headquartered in San Jose, California, the company focuses on providing a suite of in-space infrastructure services. These services are designed to support the burgeoning needs of satellite operators and other customers in the rapidly evolving space industry. As space activities expand beyond satellite deployment to encompass a broader range of in-orbit services and missions, Momentus Inc. aims to position itself as a key facilitator and provider of essential in-space transportation, hosted payloads, and various in-orbit services. The company’s strategic focus and innovative approach are targeted towards meeting the growing demands of commercial, governmental, and scientific entities engaged in space exploration and utilization.
Products and Services
- In-Space Transportation
Momentus Inc. offers in-space transportation services designed to move satellites and other payloads between orbits or to their designated spots in space after launch. This service is crucial for satellite operators looking to position their assets in precise orbital locations, enhancing the efficiency and reach of their satellite constellations.
- Hosted Payloads
The hosted payloads service provided by Momentus Inc. allows customers to place their payload or instrument on a spacecraft for a specific mission, without the need for developing and launching an independent satellite. This service significantly reduces the barrier to entry for organizations looking to conduct experiments or operate instruments in space, offering a cost-effective and timely solution.
- In-Orbit Services
Alongside transportation and payload hosting, Momentus Inc. extends its portfolio to include a variety of in-orbit services. These services encompass maintenance, repair, and potentially the assembly of structures in space. This offering is aimed at supporting and extending the operational lifespan of satellites and other space-based assets, thereby maximizing the return on investment for satellite operators and space mission planners.
Contact Information
