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Momentus is developing a water plasma-based propulsion system for its planned in-space transfer and service vehicles.
The FAA favorable determination marks Momentus' final regulatory milestone needed to support its inaugural mission.
The decisions by U.S. government agencies reflect Momentus' progress in addressing previous national security concerns.
Momentus received license updates from the National Oceanic and Atmospheric Administration to use the onboard cameras of the Vigoride spacecraft.
Momentus plans to offer in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services.
Momentus Inc. received a favorable determination from the Federal Aviation Administration for its application for payload review to support the inaugural flight of the Vigoride orbital transfer vehicle on the SpaceX Transporter-5 mission targeted for launch this month.
Momentus selected SCOUT in December 2021 to deliver spacecraft vision capabilities for its upcoming missions.
Momentus selected SCOUT in December 2021 to deliver spacecraft vision capabilities for its upcoming missions.
Momentus recorded an adjusted EBITDA loss of $59,400,000 for 2021.
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 signed an agreement with SpaceX for a second port on Transporter-5 and reserved space on the next four Transporter rideshare missions scheduled for October 2022 and October 2023.
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.
Momentus will acquire a deployer from a trusted partner to support the second port on Transporter-5.
Momentus is progressing toward the first launch of its Vigoride space tug with a planned inaugural launch in June 2022 subject to licenses, government approvals, and completion of ground work.
Momentus postponed launches of an earlier version of its Vigoride tug on two SpaceX rideshare missions in January and June 2021 due to the absence of an FAA payload review.
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 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.
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.
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.