All verified mentions of this organization in source documents.
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 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.
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.
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 agreed to acquire its Russian co-founders’ shares for $40,000,000 as part of resolving national security concerns.
The June 2022 Transporter-5 launch will depend on Momentus fully implementing the NSA and obtaining the licenses required for the mission.
The 2021-11-09 quarterly financial results were Momentus’ first since completing the SPAC merger.
Momentus completed a merger with a special purpose acquisition company (SPAC) in August 2021.
Momentus had a net loss of $5,600,000 in the third quarter of 2021.
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 attempted to launch its first Vigoride tugs in January 2021 and June 2021 on SpaceX rideshare missions but the Federal Aviation Administration rejected the payload review for the vehicle due to Defense Department concerns about the company’s Russian co-founders and owners.
Momentus had $178,000,000 in cash on hand after completing its SPAC merger, which the company considers sufficient to carry it through to the early part of 2023.
Momentus expects Vigoride 3 to be fully qualified in the first half of 2022 before the planned inaugural launch.
Lockheed Martin originally planned to launch the Cryogenic Demonstration Mission spacecraft via Momentus, which would manifest the satellite on a Vigoride transfer vehicle launched on a Relativity Space Terran 1 rocket in 2023.
Momentus had a SPAC redemption rate of 20% when it closed its merger on 2021-08-12.