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.
AST&Science and Momentus announced plans in late 2020 to merge with SPACs, and neither deal had closed by the time of this report.
Momentus and AST & Science announced plans to merge with special-purpose acquisition companies, although neither deal had closed as of the time of the webinar.
Dawn Harms is serving as interim chief executive of Momentus and joined Momentus as chief revenue officer in November 2019.
The merger between Momentus and Stable Road Acquisition Corporation was announced in October 2020 and provided Momentus with $310,000,000 in cash.
Momentus and Stable Road have sought an export license for Mikhail Kokorich since 2018 and stated there is no assurance such a license will be obtained.
The first Momentus space tug, Vigoride, was planned to fly on SpaceX’s Transporter-1 rideshare mission on 2021-01-24 but was not flown because the Federal Aviation Administration did not complete a payload review in time.
Momentus will provide the orbital maneuvering services necessary to deliver the Qosmosys spacecraft to a circular or elliptical orbit depending on each mission requirement.
NuSpace has a service agreement with Momentus for NuSpace’s NuX-1 smallsat to be launched in 2021.
The multi-phase contract between Momentus and Redwire includes a system architecture study and delivery of a flight-qualified robotics system that will operate on a flight demonstration in 2022.
The agreement between Momentus and Redwire builds on a Memorandum of Understanding that was announced in September 2020.
Redwire will collaborate with Momentus to develop a reusable in-space transportation vehicle.
In an investor presentation filed with the SEC on 2020-12-14, Momentus projected revenues of $20,000,000 and a net loss of $46,000,000 for 2021.
Momentus reaffirms its expectation of 2021 revenue as detailed in its December 2020 investor presentation in conjunction with a previously announced merger agreement with Stable Road Acquisition Corp. (NASDAQ: SRAC).
Momentus anticipates that launching its first Vigoride vehicle on a subsequent mission will allow the company to achieve its 2021 revenue expectations while delivering customers’ payloads to orbit.
One customer, SatRevolution, committed to continue working with Momentus on the Vigoride-1 mission despite the launch delay.
SatRevolution, a customer previously scheduled on Momentus’ January 2021 mission, regards Momentus as a valued resource for commercialization of space and as providing a value-add transport and service platform.
Momentus entered a planned merger with Stable Road Acquisition Corporation that would make Momentus a publicly traded company with an estimated valuation of $1,200,000,000 and with $310,000,000 in cash.
Momentus will continue to work with the Federal Aviation Administration to obtain approval for its payloads.
Momentus is delaying its first operational mission, Vigoride-1, that was to fly on a SpaceX Falcon 9 later 2021-01 to later in the year because it was unable to obtain Federal Aviation Administration approval following an incomplete interagency review.
The FAA did not express any specific concerns and required more time to complete its interagency review of Momentus’ payload for the Vigoride-1 mission.