Momentus Space is a U.S. commercial space company that aims to provide in-space infrastructure services, including transportation, hosted payloads, and in-orbit services. They are developing orbital service vehicles, like Vigoride, powered by a water plasma-based propulsion system, to carry satellites and payloads between different orbits. Momentus is partnering with companies like Solstar Space and Velo3D, and has contracts with organizations like the U.S. Air Force.
All verified mentions of this organization in source documents.
Momentus sought shareholder approval later in August for a reverse stock split in a ratio between 1-for-30 and 1-for-50 to boost its stock price and avoid delisting from Nasdaq.
Momentus is offering the M-1000 satellite bus, which is based on the space-proven Vigoride Orbital Service Vehicle.
Momentus has offered the M-1000 satellite bus to commercial constellation providers and to the U.S. Government.
Momentus developed the M-1000 satellite bus based on the Vigoride platform and is offering the M-1000 to the Space Development Agency and other potential customers.
Momentus laid off 18 employees on 2023-07-03 to enable a more cost-efficient organization and increase the company’s cash runway, as stated in its 2023-08-14 Form 10-Q filing with the U.S. Securities and Exchange Commission.
The first contract action for Momentus under the SDA SBIR award is valued at $746,073 with an option to add an additional $1,196,404 for further work.
Momentus signed a contract with the U.S. Defense Department’s Space Development Agency for a Small Business Innovation Research Award titled "Orbital Service Vehicle Enhancements to Meet Department of Defense (DoD) Mission Requirements."
Momentus received a Small Business Innovation Research award from the Space Development Agency valued at nearly $750,000 to tailor the Vigoride tug for U.S. Department of Defense applications, with an option worth nearly $1,200,000 for future work.
Momentus reported record quarterly revenue of $1,700,000 in the second quarter, the first time the company reported more than $1,000,000 in revenue in a quarter.
Momentus reduced headcount by 30% across both full-time employees and contractors late in the second quarter.
Momentus is offering the M-1000 satellite bus, which is based on the space-proven Vigoride orbital service vehicle.
Momentus has offered the M-1000 satellite bus to commercial constellation providers and to the U.S. Government.
Momentus Inc. signed a contract with the U.S. Defense Department’s Space Development Agency for a Small Business Innovation Research Award titled "Orbital Service Vehicle Enhancements to Meet Department of Defense (DoD) Mission Requirements."
Momentus offered the M-1000 to the U.S. Space Force’s Space Development Agency for its Tranche 2 Transport Layer Alpha program of 50 satellites, with proposals due to SDA in July.
Momentus postponed Vigoride-7’s previously scheduled October Transporter-9 launch in order to fly with a fuller load of payloads for deployment in low Earth orbit to improve mission economics.
Momentus’s current production facility is sufficient to build up to 50 m-1000 buses per year.
Momentus plans to produce the M-1000 at the same facility where it builds Vigoride vehicles.
Momentus is offering a satellite bus called the M-1000 to commercial and government customers beginning 2023-08-02.
Momentus positions the M-1000 satellite bus as a low-cost platform for commercial and government customers.
Momentus has offered the M-1000 satellite bus to commercial constellation providers and to the U.S. Government.