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Lockheed Martin received an $89,700,000 award to test liquid hydrogen storage technologies on a small satellite and is working with Momentus, which will host the payload on a Vigoride orbital transfer vehicle, and Relativity Space, which will launch the vehicle on its Terran 1 rocket in October 2023.
Momentus will merge with Stable Road Acquisition Corp., a SPAC created by venture fund Stable Road Capital, under an agreement revealed on 2020-10-07.
Stable Road Capital will take Momentus public through a SPAC deal that values Momentus at $1,200,000,000.
The merger values Momentus at $1,200,000,000 and provides the company with about $310,000,000 of cash on hand.
Momentus is expected to expand its fleet of transfer vehicles to offer more powerful and capable ways to deliver satellites to orbit.
Momentus Space plans to become a publicly traded company through a merger with Stable Road Acquisition Corp., with the plan disclosed on 2020-10-07.
Momentus Space plans to demonstrate its Vigoride orbital transfer vehicle later 2020.
Momentus Space expanded its staff and business line to include hosting payloads and capturing satellites already in orbit with a robotic arm developed with Made In Space Europe, a Redwire subsidiary.
Momentus will deploy a pathfinder for Skykraft’s microsatellite constellation on a Vigoride flight in June 2021.
Momentus plans to send the Skykraft microsatellite into orbit using EOS, a separation ring developed by Mecano ID with funding from the French space agency CNES.
Momentus plans to launch a second Skykraft microsatellite in late 2021 under its launch services agreement with Skykraft.
Momentus purchased rides on five SpaceX Falcon 9 small-satellite rideshare missions in 2020 and 2021 to showcase its Vigoride in-space transportation vehicle.
Momentus’ Vigoride in-space transportation vehicle is designed to move customer satellites 300 to 1,200 km beyond their initial drop-off point.
Made In Space Europe and Momentus plan a 2022 demonstration mission to evaluate how robotic arms can improve in-space transportation within a fully integrated system.
Made In Space Europe and Momentus entered a memorandum of understanding on 2020-09-01 to jointly develop a robotic spaceflight mission planned to launch in 2022.
Momentus agreed on 2020-09-02 to integrate two PocketPod deployers containing nine PocketQube spacecraft from Spain’s Fossa Systems with its second Vigoride demonstration mission.
Momentus scheduled its second Vigoride demonstration mission to launch in February 2021 on a SpaceX Falcon 9 rocket.
The 3U cubesat will be mated with a Momentus transfer vehicle that will take the cubesat to a sun-synchronous orbit about 550 km above the Earth’s surface after release from the SpaceX rocket.
Momentus is offering a white glove hosted payload service in which customers are only responsible for supplying the payload.
Momentus purchased rides on five SpaceX Falcon 9 SmallSat rideshare missions in 2020 and 2021.