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.
The Federal Aviation Administration could not approve Momentus’s payload due to national security and foreign ownership concerns regarding Momentus raised by the Department of Defense during an interagency review.
Momentus was originally planned to integrate the payload on its Vigoride transfer vehicle for Lockheed Martin’s mission and to be launched in October 2023 on Relativity Space’s Terran 1 small launch vehicle.
Momentus is completing a merger with special-purpose acquisition company Stable Road Acquisition Corporation that was announced in October.
In 2019 Exolaunch agreed to pay Momentus more than $6,000,000 for Vigoride services to move satellites in low Earth orbit in 2020 and for Vigoride Extended services to move satellites from low Earth to geosynchronous orbit in 2021.
Momentus is planning to merge with Stable Road Acquisition Corporation, a SPAC, to trade on the Nasdaq in a deal valuing the company at about $1,000,000,000.
Redwire won a contract to provide a robotic arm for the Vigoride tug being developed by Momentus.
The Department of Defense raised national security concerns in January about Momentus co-founders’ ownership stakes, which prevented Momentus from receiving an FAA payload approval for a January launch of its first Vigoride tug on a Falcon 9 and forced the launch to be postponed to no earlier than June.
A federal shareholder suit alleges that SEC filings omitted information about Momentus net income projections and did not explain a reduction in Momentus valuation from $1,800,000,000 to $1,200,000,000.
Momentus announced a planned merger with Stable Road Acquisition Corporation, a SPAC created by Stable Road Capital, in October 2020.
Momentus and AST & Science announced SPAC deals in late 2020.
Pixxel has signed an agreement with Momentus Inc. to launch its second satellite using in-space transportation and infrastructure services.
The Federal Aviation Administration was unable to grant SpaceX approval for the Momentus payload on the Transporter-1 launch in January 2021 due to national security and foreign ownership concerns raised by the Department of Defense during an interagency review.
The Venture Lending & Leasing IX loan allows Momentus to borrow an additional $15,000,000 by the end of June 2021 if Momentus obtains FAA payload approval and closes at least $25,000,000 in equity financing.
Momentus secured a $25,000,000 loan agreement on 2021-02-22 from Venture Lending & Leasing IX, Inc. and had fully borrowed the $25,000,000 by 2021-03-01.
Momentus targeted a June 2021 launch for the Vigoride-1 mission while warning there was no guarantee of obtaining a launch license in time because of the ongoing CFIUS review.
Momentus and Stable Road still expect to complete their merger agreement, which will provide Momentus with $310,000,000 in cash from Stable Road’s funds and a concurrent private investment round.
Momentus and AST SpaceMobile announced plans to merge with SPACs in the fall of 2020, and those deals had yet to close as of early 2021.
Momentus Inc. and Xona Space Systems signed a service agreement to advance Xona’s 2022 Alpha mission.
Momentus Inc. is an infrastructure company partnering with Xona Space Systems to build services intended to enable human presence in space and improve life on Earth.
Momentus Inc. offers Vigoride spacecraft that provide capabilities and services to customers.