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 recorded an adjusted EBITDA loss of $59,400,000 for 2021.
Momentus will use the second port on Transporter-5 for customers that do not need in-space transportation services and will offer that option at a lower price.
Government agencies raised concerns about Momentus’ Russian co-founders, leading Momentus to buy out the co-founders and implement a national security agreement with the U.S. Department of Defense and Department of the Treasury.
Momentus must obtain a Federal Communications Commission license, a Federal Aviation Administration payload review, and a slight modification to its National Oceanic and Atmospheric Administration imaging license to proceed with the June 2022 launch.
Momentus had enough cash to fund operations into the earlier part of 2023.
Momentus recorded no revenue in the fourth quarter of 2021 and $330,000 in revenue for the full year 2021.
The SEC reached settlements in July 2021 with Stable Road, Stable Road’s sponsor and CEO, and Momentus over allegations they falsely told investors that Momentus’ propulsion technology had been successfully tested in space.
Stable Road announced in October 2020 that it had agreed to merge with private equity-backed Momentus to create a publicly traded entity valued at about $1,200,000,000.
Mikhail Kokorich and Momentus co-founder Lev Khasis divested their shares in Momentus after the U.S. Defense Department raised concerns about foreign ownership.
SCOUT will provide Momentus with optical sensing and relative navigation capabilities to support rendezvous and proximity operations starting in 2022.
Fred Kennedy resigned as President of Momentus Inc., effective 2022-01-21.
Momentus is focused on launching its first Vigoride vehicles and demonstrating its capabilities in space in 2022.
Momentus has begun applying for the appropriate government licenses to support a June 2022 mission.
Momentus was unable to obtain a Federal Aviation Administration payload review for its first mission in early 2021 because of government objections to its Russian co-founders Mikhail Kokorich and Lev Khassis.
Momentus was implementing a national security agreement with the U.S. federal government and was on track to obtain approvals to launch its first space tug in mid-2022.
Government objections to Momentus’ Russian co-founders delayed its merger with a special purpose acquisition company and led to Mikhail Kokorich and Lev Khassis selling their stakes in Momentus.
Momentus signed a launch services agreement with SpaceX on 2021-10-20 to fly a Vigoride tug on SpaceX’s Transporter-5 dedicated rideshare mission in 2022-06-01.
Momentus is building the Vigoride 3 tug to launch on the Transporter-5 mission.
Momentus expects Vigoride 3 to be fully qualified in the first half of 2022 before the planned inaugural launch.
Momentus had a net loss of $5,600,000 in the third quarter of 2021.