SummaryMomentus Inc. (MNTS) is rated a buy, offering exposure to space infrastructure at a reasonable valuation and strong financial position.MNTS’s water-based MET propulsion system provides a defensible moat, benefiting from declining launch costs and insulation from noble gas market volatility.The company boasts a highly experienced board, enhancing government trust and positioning MNTS for future government-driven revenue streams.Despite ongoing dilution, MNTS’s cash balance, debt-free status, and conservative $10M FY2026 revenue guidance support its venture-style investment thesis. Maximusnd/iStock via Getty Images
Introduction to Momentus Momentus INC (MNTS) operates in the Orbital Service Vehicle (OSV) and Orbital Transport Vehicle (OTV) segment of the broader space industry. Its main product is the Vigoride platform, a space transportation vehicle designed to perform custom orbital
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SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in-orbit services, today announced that it has secured a new commercial contract with the University of Colorado Boulder’s Laboratory for Atmospheric and Space Physics (LASP) to provide in-orbit services.
“We’re proud to support the OWLS mission demonstrating the versatile capabilities of our advanced technology combined with the flexibility of the orbital hosting infrastructure of our latest OSV, Vigoride-9,” said John Rood, Chief Executive Officer of Momentus. “We are encouraged by the increasing demand across a diverse set of commercial customers to support mission-critical orbital services, delivering reliable long-duration hosting and sustained operations. As our orbital services portfolio increases, we are optimistic about the durability of incremental revenue growth opportunities.”
LASP has selected Momentus to host and operate its Occultation Wave Limb Sounder (OWLS) mission on the Company’s Vigoride-9 Orbital Service Vehicle (OSV). LASP’s upcoming mission will fly advanced instruments into orbit to target improvements to modeling of space weather in low Earth orbit (LEO). These instruments are designed to measure atmospheric density waves between 100 and 400 kilometers using solar occultation techniques, generating high-quality data intended to improve modeling of space weather, atmospheric drag, and the evolution of the operating environment for satellites in LEO. During its targeted mission launch in 2027, Momentus will integrate and operate two OWLS instruments on Vigoride-9.
“Partnering with Momentus allows us to deploy OWLS quickly and efficiently by leveraging its orbital transportation services during the upcoming LEO launch to optimize our latest space weather forecasting instruments,” said OWLS Principal Investigator Dr. Ed Thiemann. “The data we collect will help improve models of the upper atmosphere and deepen our understanding of how the weather we experience at Earth’s surface ultimately impacts satellites in LEO.”
The contract further expands Momentus’ commercial revenue portfolio of hosted payload and in-orbit services that provide the U.S. government, science and academic, technology organizations, and commercial customers with scalable orbital infrastructure and operational support capabilities. Vigoride’s modular architecture and high-power hosting capabilities are well-positioned to deliver on missions requiring long-duration operations, precision, and specialized environmental conditions.
Momentus launched its Vigoride-7 Orbital Service Vehicle in March, and the spacecraft is currently meeting all mission objectives. The company’s upcoming Vigoride-8 mission is fully booked supporting NASA and scheduled to fly in 2027. Momentus still has capacity available on the Vigoride-9 mission, and organizations interested in securing a payload slot can contact the Momentus Commercial team at [email protected].
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Follow the University of Colorado Boulder’s Laboratory for Atmospheric and Space Physics (LASP) Occultation Wave Limb Sounder (OWLS) mission at (https://lasp.colorado.edu/missions/owls).
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on April 9, 2025, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”) a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced that it has entered into securities purchase agreements with new and existing long term institutional investors for the purchase and sale of 1,851,852 shares of its common stock in a registered direct offering priced at-the-market under Nasdaq rules (the “Offering”). The gross proceeds from the Offering are expected to be approximately $25 million, before deducting placement agent fees and other estimated Offering expenses.
The closing of the Offering is expected to occur on or about June 15, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.
A.G.P./Alliance Global Partners is acting as sole placement agent for the Offering.
The securities described above are being offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-296218) which became effective on June 4, 2026. The Offering is being made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the Offering will be filed with the Securities and Exchange Commission (the “SEC”) and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. The Company offers satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and transportation of satellites to specific orbits.
Forward-Looking Statements
This press release contains certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected closing of the Offering, the intended use of proceeds and fulfillment of customary closing conditions. These statements reflect Momentus’ or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company offering satellites, satellite components, and in-space transportation and hosted payload services, today announced that it was awarded a NASA contract to support the Space Storms Solar Sail Sentinel Demonstration Study for a potential mission based on the cislunar-capable Vigoride spacecraft platform. Momentus recently completed this study and submitted the final report to NASA under this contract awarded in 2025.
After reviewing the results of this study, NASA may consider awarding a follow-on contract to conduct further study or a flight demonstration of the solar sail through the Flight Opportunities program, managed at NASA’s Armstrong Flight Research Center in Edwards, California. The solar sail would measure 1,652 square meters which is 17,782 square feet or about one-third the size of an American football field. For a flight demonstration, the selected hosted orbital platform provider would be responsible for the bus and system integration of the solar sail technologies delivered by NASA.
The study focused on a solar sail jointly developed by NASA and the National Oceanic and Atmospheric Administration. Designed to enable space weather–monitoring satellites to maneuver closer to the Sun, the spacecraft would help provide earlier warning and increase the time available to respond to critical solar weather events like geomagnetic storms by measuring the solar wind (magnetic field and plasma) farther from Earth. Solar sails work by harnessing the pressure exerted by sunlight, allowing a spacecraft to move without conventional propellant. The mission would demonstrate how a solar sail can be controlled and maneuvered for navigation.
“Momentus is proud to support this next-gen solar sail mission study with our Vigoride Orbital Service Vehicle. Vigoride’s modular design enables us to rapidly integrate complex diverse hosted mission payloads,” said John Rood, CEO of Momentus. “We’re pleased to again be entrusted by NASA to perform cutting-edge work to unlock new frontiers in space-based systems. We’re excited to help usher in a new era where solar sail propulsion provides new orbital capabilities.”
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation, hosted payloads, and infrastructure services. The Company offers satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and transportation of satellites to specific orbits.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on April 9, 2025, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company specializing in satellite technology, space transportation, and orbital services, announced today that the Company has completed its relocation to a new facility at 1762 Automation Parkway in San Jose, California, marking a significant milestone in the company’s growth and operational expansion.
The newly occupied 61,100‑square‑foot R&D and manufacturing building features extensive lab space, clean‑room capabilities, a machine shop, a robust electrical infrastructure, and a dedicated mission operations center that enables Momentus to monitor and control spacecraft in orbit. Importantly, the new Momentus facility nearly quadruples the size of the clean room R&D and manufacturing facility from 4,500 square feet to 16,000 square feet. Momentus was also able to lower its monthly operating costs by transitioning from its legacy leased facility. These facility upgrades will enable Momentus to scale production, accelerate development cycles, and enhance support for commercial customers and key national security programs, including Golden Dome and MDA SHIELD.
“Moving into this industrial facility strengthens our ability to deliver reliable, high‑performance space systems at the pace customers desire,” said John Rood, Chief Executive Officer of Momentus. “This is a direct investment in our future growth and positions Momentus to meet rising demand across the national security and commercial space sectors.”
Momentus’ new Automation Parkway headquarters in the heart of Silicon Valley also positions Momentus near key suppliers, partners, and talent pools.
Parties interested in satellites, satellite components, and ride-share hosted payloads and transportation services on future Momentus missions may contact [email protected].
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on April 9, 2025, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in‑orbit services, today announced the successful launch of its Vigoride 7 Orbital Service Vehicle to low‑Earth orbit aboard SpaceX’s Transporter‑16 mission. The launch marks a major milestone for the Company as it begins its most advanced on‑orbit demonstration campaign to date.
“Vigoride 7 carries one of the most diverse and technologically ambitious payload manifests we have ever flown.”
Share The Vigoride 7 spacecraft, integrated on a dedicated launch plate aboard the Falcon 9, is slated to conduct a series of in‑space operations to test, validate, and showcase a suite of next‑generation capabilities. Over the course of the mission, Momentus will host and operate 10 government and commercial payloads, including demonstrations of autonomous rendezvous and proximity operations (RPO), in‑space assembly technologies, advanced communications systems, and high‑performance onboard computing.
These activities are being conducted under contracts with the National Aeronautics and Space Administration (NASA), multiple U.S. Department of War organizations, and commercial partners. This includes approximately $4.2 million in contracts with the Defense Advanced Research Projects Agency (DARPA), an approximately $1.9 million contract with SpaceWERX, the innovation arm of the U.S. Space Force, and additional agreements with NASA’s Johnson Space Center and Armstrong Flight Research Center.
“Today’s launch represents the culmination of extensive engineering, testing, and mission preparation by the Momentus team,” said Momentus Chief Executive Officer John Rood. “Vigoride 7 carries one of the most diverse and technologically ambitious payload manifests we have ever flown. We’re honored to support our government and commercial partners as they demonstrate capabilities that will help shape the future of in‑space logistics, autonomy, and infrastructure.”
The Vigoride 7 mission will be operated from Momentus’ Mission Control Center in San Jose, California. With over 300 kg of payload capacity and up to 3 kW of peak onboard power, the Vigoride platform is designed to support increasingly complex commercial and government use cases in LEO and beyond.
“The technologies flying on Vigoride 7—from autonomous maneuvering to in‑space assembly—represent critical building blocks for the emerging space economy,” Rood added. “We’re proud to work with DARPA, the Space Force, AFRL, NASA, and innovative commercial partners including Portal, Orbit Fab, CisLunar Industries, DPhi, Scout Space, and Solstar Space. Their missions reflect the growing demand for flexible, responsive, and capable in‑space services.”
As previously announced, Vigoride 8, scheduled to launch early next year, is fully manifested, flying two complex payloads funded through the NASA Flight Opportunities Program out of Armstrong Flight Research Center.
Momentus continues to expand its manifest and is now integrating customers for Vigoride 9 and future missions. Organizations interested in flying payloads with Momentus may contact [email protected].
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on April 9, 2025, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in‑orbit services, today announced the successful deployment and early commissioning of its Vigoride 7 Orbital Service Vehicle following launch aboard SpaceX's Transporter‑16 mission. Vigoride 7 represents a significant operational milestone for the Company as it begins a series of in space operations desig.
Momentus (NASDAQ:MNTS – Get Free Report) and New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) are both small-cap aerospace companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, analyst recommendations, risk, earnings, institutional ownership, profitability and dividends.
Volatility & Risk Momentus has a beta of 1.14, suggesting that its share price is 14% more volatile than the S&P 500. Comparatively, New Horizon Aircraft has a beta of 3.14, suggesting that its share price is 214% more volatile than the S&P 500.
Insider and Institutional Ownership 9.2% of Momentus shares are held by institutional investors. Comparatively, 66.0% of New Horizon Aircraft shares are held by institutional investors. 0.4% of Momentus shares are held by company insiders. Comparatively, 10.8% of New Horizon Aircraft shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Profitability This table compares Momentus and New Horizon Aircraft’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Momentus -2,744.86% -24,229.06% -150.76% New Horizon Aircraft N/A -820.50% -130.58% Earnings and Valuation This table compares Momentus and New Horizon Aircraft”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Momentus $1.11 million 17.96 -$30.47 million ($70.54) -0.05 New Horizon Aircraft N/A N/A $5.20 million ($0.73) -2.16 New Horizon Aircraft has lower revenue, but higher earnings than Momentus. New Horizon Aircraft is trading at a lower price-to-earnings ratio than Momentus, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a breakdown of current recommendations for Momentus and New Horizon Aircraft, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Momentus 1 0 0 0 1.00 New Horizon Aircraft 1 0 2 0 2.33 New Horizon Aircraft has a consensus target price of $14.50, indicating a potential upside of 817.72%. Given New Horizon Aircraft’s stronger consensus rating and higher probable upside, analysts clearly believe New Horizon Aircraft is more favorable than Momentus.
Summary New Horizon Aircraft beats Momentus on 11 of the 13 factors compared between the two stocks.
About Momentus (Get Free Report)
Momentus Inc., together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.
About New Horizon Aircraft (Get Free Report)
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.
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Momentus Marks Technical Achievements as Vigoride-7 Prepares for Payload Operations
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in-orbit services, today shared a series of significant achievements in the ongoing Vigoride-7 mission, marking one of the most successful early-phase operations in the company’s history.
Following separation from SpaceX’s Transporter-16 mission at approximately 520 km altitude, the Vigoride-7 Orbital Service Vehicle powered on autonomously, deployed its solar arrays, and executed initial configuration as designed.
Within hours, Momentus established two-way communication between Vigoride-7 and our San Jose based Mission Operations Center. Early communication verified the spacecraft and its hosted payloads are healthy. Comprehensive bus system checks validated that primary and redundant subsystems for power, command & data handling, and attitude control were fully operational.
Our major milestones to date include:
Pressurization of the main water-based propulsion tank to mission-required levels Activation of the Reaction Control Subsystem (RCS) accumulators, responsible for pressure regulation of 8 redundant RCS thrusters, providing fine attitude control Attitude Control System (ACS) successfully dampened out our spacecraft’s rotation rates as we prepare to perform an initial orbit adjustment prior to commencing payload operations. Achieving these milestones paves the way for the next phase of the mission: a planned orbit-lowering maneuver that will position Vigoride-7 for upcoming payload operations.
Momentus CEO, John Rood said “This mission is action-packed, technically demanding, and deeply rewarding.”
Momentus will continue to release progress reports as the mission unfolds over the coming weeks.
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Momentus shares are climbing with conviction. Why is MNTS stock up today? Vigoride‑7 Hits Key Early‑Mission MilestonesMomentus announced that its Vigoride‑7 spacecraft completed several critical steps shortly after deployment from SpaceX's Transporter‑16 mission. The vehicle powered on autonomously at roughly 520 km altitude, deployed its solar arrays and completed initial configuration exactly as designed.
Within hours, the company established two‑way communication with the spacecraft from its Mission Operations Center in San Jose. Early monitoring confirmed that both the spacecraft and its hosted payloads are healthy and system checks verified that primary and redundant subsystems are fully operational.
Propulsion, Attitude Control Systems Pass Major TestsMomentus highlighted several technical achievements that set the stage for the next phase of the mission. The company successfully pressurized the main water‑based propulsion tank to mission‑ready levels, confirming that the propulsion system is behaving as expected.
The company also activated the Reaction Control Subsystem accumulators, which regulate pressure for eight redundant thrusters used for fine attitude control. In addition, the Attitude Control System (ACS) dampened the spacecraft's rotation rates, preparing Vigoride‑7 for its first orbit‑adjustment maneuver.
With early‑phase milestones completed, Momentus is preparing for a planned orbit‑lowering maneuver that will position Vigoride‑7 for payload operations. This next stage is critical, as it transitions the mission from system validation to customer‑facing service delivery.
CEO John Rood described the mission as "action‑packed, technically demanding and deeply rewarding," underscoring the significance of the progress made so far.
MNTS Shares Surge MondayMNTS Price Action: Momentus shares were up 42.24% at $4.95 at the time of publication on Monday, according to Benzinga Pro.
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SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”) a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced that it has entered into a securities purchase agreement with a new fundamental institutional investor for the purchase and sale of 1,333,334 shares of its common stock (or common stock equivalents in lieu thereof) at a purchase price of $3.75 per share in a pri.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus”), a U.S. commercial space company specializing in satellite technology, space transportation, and in‑orbit services, today announced their CEO John Rood will moderate a high‑level international panel at The Space Symposium titled “The Global Economics of Space” on Thursday, April 16, bringing together senior leaders from national space agencies, global economic institutions, and the commercial space sector. The session.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced the closing of its previously announced private placement priced at-the-market with a single institutional investor for the purchase and sale of 1,333,334 shares of its common stock (or common stock equivalents in lieu thereof) at a purchase price of $3.75 per.
Space has become a big business and space stocks are riding that trend higher. They may not be as hot as artificial intelligence stocks were in 2024 and 2025, but that mania may only be a matter of time.
That's because SpaceX, Elon Musk’s apace company, is going public with an IPO date of sometime in June 2026. Retail and institutional investors are expected to have significant interest in this public offering. But buying shares around an IPO is tricky, and many retail investors have been caught on the wrong side of volatile price action.
A different way to profit from the SpaceX IPO is to invest in companies that serve as proxies for the company. Investors have many names to pick from. However, these three names stand out for different reasons. Each stock has also posted significant gains in 2026 that are expected to continue.
Get AST SpaceMobile alerts:
The Closest Thing to SpaceX You Can Buy TodayThat may sound bold, but Rocket Lab NASDAQ: RKLB is, perhaps, the most legitimate operational proxy for SpaceX. The company is the second most active launcher in the United States and the global leader among publicly traded space companies. In 2025, that translated to over $600 million in sales, a 39% year-over-year gain.
Rocket Lab Today
$105.05 -3.18 (-2.94%)
As of 06/10/2026 04:00 PM Eastern
52-Week Range$25.24▼
$151.00Price Target$98.88
Rocket Lab’s business model mirrors SpaceX's ambitions at a smaller scale: launch services, satellite manufacturing, and in-orbit operations. Its backlog now exceeds $2 billion and is anchored by an $816 million Space Development Agency contract to build 18 satellites.
The catalyst coming in late 2026 is the company’s Neutron rocket, scheduled for its inaugural launch in Q4 2026. It's designed to go head-to-head with SpaceX's workhorse Falcon 9 in the medium-lift segment.
Investors seem to believe in the bull case. RKLB has soared over 300% in the last 12 months and over 20% in 2026. That said, the stock is currently trading above its consensus price target of $79.85 and may need a boost (no pun intended) to sustain a significant move higher.
A Direct-to-Device Bet That Doesn't Need SpaceX to WinAST SpaceMobile NASDAQ: ASTS occupies a unique position as it relates to SpaceX. The company competes with SpaceX's Starlink division, yet it still stands to benefit directly from the IPO. The SpaceX S-1 prospectus, due sometime in May, will put hard numbers on the satellite broadband market for the first time. Right now, ASTS is arguably the most direct public-market expression of that opportunity.
AST SpaceMobile Today
$87.32 -1.39 (-1.57%)
As of 06/10/2026 04:00 PM Eastern
52-Week Range$35.33▼
$133.86Price Target$81.33
The company is building a space-based cellular network that connects standard smartphones to broadband internet without specialized hardware. Partnerships with AT&T NYSE: T and Verizon NYSE: VZ give it an enviable distribution that’s showing up on the top line.
Q4 2025 revenue came in at $54 million, beating estimates by nearly 29%, and analysts project full-year 2026 revenue could exceed $180 million on its way to over $785 million in 2027. The company is targeting 45 to 60 satellites in orbit by year-end.
That said, ASTS has already had a remarkable run, up more than 3,000% since its commercial pivot in mid-2024. That growth hasn’t come without volatility. But with $2.8 billion in cash, over $1.2 billion in contracted telecom commitments, and the SpaceX prospectus as a potential catalyst that could reframe how investors price satellite connectivity, it’s difficult to bet against the bull case.
A Micro-Cap Sleeper Playing Space Infrastructure's Long GameMomentus Inc. NASDAQ: MNTS may look like an outlier compared to Rocket Lab and AST SpaceMobile, but that's part of the opportunity. With a market cap of just $43.72 million, this is a micro-cap space infrastructure company with revenue that reflects that market cap.
Momentus Today
$11.34 -1.35 (-10.64%)
As of 06/10/2026 04:00 PM Eastern
52-Week Range$3.11▼
$43.55 However, early-stage businesses aren’t expected to generate significant revenue. And for risk-tolerant investors, the time to invest in MNTS may be before the SpaceX IPO.
That’s because Momentus specializes in satellite technology, in-space transportation, and orbital services. These are the picks-and-shovels layer of the space economy. It’s boring, but vital as satellite constellations scale.
Its Vigoride Orbital Service Vehicle successfully launched aboard SpaceX's Transporter-16 rideshare mission in late March 2026, hosting 10 government and commercial payloads for customers, including DARPA and SpaceWERX. Vigoride 8 is already scheduled to launch in early 2027. Adding to the bull case, Momentus holds active contracts with NASA, DARPA, and the U.S. Air Force Research Laboratory, and recently expanded into a 61,000-square-foot R&D and manufacturing facility in San Jose.
That said, there are real concerns that investors shouldn’t ignore. These include going concern commentary and a 2025 reverse stock split. There's a reason the company has just 9% institutional ownership. But if the SpaceX IPO rerates how the market values the broader space infrastructure sector, Momentus could be a tiny company that captures outsized attention.
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Building Technical Momentum and Increasing Customer Confidence
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in‑orbit services, today announced they completed the Preliminary Design Review for the Vigoride 8 mission, a fully booked flight carrying the Spaceworks COSMIC payload and the NASA‑commissioned Juno Rotating Detonation Rocket Engine (RDRE) payload. A Preliminary Design Review verifies that a mission or system’s proposed design meets all requirements and is technically sound enough to advance into detailed development. Completing this significant milestone keeps the mission on schedule for an early 2027 launch. This design work is being conducted by Momentus under two contracts it has signed with NASA.
“The successful completion of the Preliminary Design Review reflects the strength of our engineering team and the close collaboration with our customers,” said Tom Malko, Senior Vice President of Engineering and Operations at Momentus. “Vigoride 8 is a complex, fully booked mission, and this milestone confirms that our design is sound and ready to advance into detailed development. We’re proud of the progress and excited to keep driving toward launch.”
The completion of the Preliminary Design Review provides further indication of the Company’s operational progress and commercial traction that matter to our long‑term trajectory.
A fully manifested mission demonstrates early customer commitment and demand for Momentus’ in‑space transportation services. A successful Preliminary Design Review confirms that the program is ready to enter detailed design, a key step toward maintaining schedule discipline. A clear path to Critical Design Review in late May 2026 provides visibility into the program’s next major milestone and supports confidence in the mission timeline. Investment in expanded infrastructure, including the new facility used for the review, positions the company to support higher mission throughput and future growth. About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in‑orbit services, today announced that it has released a Letter to Shareholders from CEO John Rood, detailing the company’s progress in winning new contracts, growing revenue, retiring its debt, and strengthening its balance sheet.
The letter outlines key achievements across mission execution, technology development, and commercial expansion.
“Our team continues to demonstrate disciplined execution,” said CEO John Rood in the letter. “We remain focused on delivering for our customers, strengthening our operational foundation, and positioning Momentus for long‑term growth.”
Highlights from the Letter to Shareholders include:
Strong execution: Momentus launched its Vigoride 7 spacecraft to orbit on March 30, 2026 on the SpaceX Transporter 16 launch vehicle. Vigoride 7’s mission features demonstrations of cutting-edge space technologies and operations planned over the next several months. Space Force budget increase: The FY2027 U.S. Space Force budget request of $71 billion—more than double last year’s allocation—potentially represents an historic inflection in government space spending. Government contract awards accelerating: Momentus holds active contracts with DARPA, the U.S. Air Force Research Labs (AFRL) SpaceWERX organization, the U.S. Space Force’s Space Development Agency (SDA), NASA, and the Missile Defense Agency, including the SHIELD IDIQ— where Momentus has the right to compete for contracts in a $151 billion, 10-year national defense contract vehicle tied to the Golden Dome missile defense initiative. Momentus is cleared to Top Secret and positioned to compete for classified programs. Revenue inflection: Momentus forecasts revenue of $10.0 million in 2026, a 9X increase over $1.1 million in 2025, driven by milestone-based contracts with NASA and the U.S. Department of Defense. Strengthened balance sheet: Cash on hand increased to $26.2 million as of April 23, 2026, up from $12.8 million at year-end 2025, which we estimate provides us with at least a 12-month runway. Fundamental Institutional Investor Support: On April 16, 2026, we closed a $5 million private placement of common stock priced at the market under Nasdaq rules with a fundamental institutional investor. Convertible Debt Retired: As of April 17, 2026, the Company’s remaining $1.35 million convertible debt outstanding as of December 31, 2025 has been retired. As of the date of this letter, Momentus has no outstanding debt. Vigoride 8 already sold out: The next orbital service vehicle mission, planned for 2027, is fully subscribed with NASA-awarded contracts, demonstrating continued customer demand. The full CEO Letter to Shareholders is now available on the company’s investor relations website. https://investors.momentus.space/static-files/8b54d310-cdd1-4d63-9131-df18df6d8564
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. Through its Vigoride orbital service vehicle, the company delivers hosted payload support, last-mile delivery, and servicing capabilities tailored to scalable mission architectures.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Wall Street is buzzing over reports of SpaceX’s supposedly imminent initial public offering. Market mavens point to a June, 2026 IPO, with the stock trading under the symbol SPCX on Nasdaq.
The SpaceX c-suite, led by founder Elon Musk, has expectations for the stock and space technology markets, which Musk has implied are a whopping $28.5 trillion. Depending on which analyst or report you believe, Musk’s rocket and satellite powerhouse could debut at a valuation between $1.5 trillion and $2 trillion, potentially making it the largest IPO in Wall Street history.
Yet here’s the thing. Anxious investors don’t have to wait for a SpaceX IPO in June; not when multiple sector stocks are offering a big bite of the space market, which includes, among other sectors, rocket launch systems, mission-critical space technology, defense systems, and satellite telecommunications.
Here are three space stocks ready to take off.
One smart way to get in on the ground floor of the space industry is to eyeball some smaller, under-the-radar sector stocks that are taking flight.
Santa Jose, Cal.-based in-space infrastructure services company Momentus (NASDAQ:MNTS), which specializes in space transportation and in-orbit servicing, is up a whopping 55% year-to-date and up 34% in the last month alone.
MNTS is also well-positioned in the lucrative U.S. defense and space realm, and is a main player in the Missile Defense Agency’s SHIELD contract vehicle tied to the Golden Dome missile defense initiative.
Trading at a low of $7.5 as of May 21, Momentus makes a good case for future, long-term growth in a dynamic space services industry. The second half of 2026 could be its time to really shine.
RedwireAs the SpaceX IPO saga plays out, it’s increasingly clear that while rocket launches attract the headlines, the long-term space economy may ultimately be built around infrastructure (think satellites, communications systems, manufacturing platforms, and orbital technologies)
The space stock “missed” earnings forecasts, reporting a $0.40-per-share loss on $96.7 million in sales (both below expectations). On the other hand, Redwire did grow its sales nearly 58% year over year, increase its gross profit margin to 26.6%, and collect significant new orders in the quarter, with new contracts rolling in at twice the pace seen in 2025.
Wall Street analysts are showing greater interest in the stock, with H.C. Wainwright setting a $22 price target, implying a 44% upside.
Planet LabsYou can’t blame investors for viewing space investing primarily through a rocket lens, but like space itself, there’s a lot more area to cover.
Take the data generated from space, which is exactly the investment thesis behind Planet Labs (NYSE:PL).
The stock is booming, up 115% year-to-date, 77.4% over the past three months, and 1,054% over the past year.
Can PL sustain that pace?
Not entirely, as gravity and skittish sentiment on the stock is to be expected, but Planet Labs seems like it’s here for the long haul.
“Planet Labs is poised for long-term growth as it reduces warrant overhang, accelerates revenue, and increases investment in satellite infrastructure,” Benzinga analysis noted. “Its partnerships with Anthropic and Google position it at the forefront of the emerging AI market, which is a key driver for commercial value creation.”
Additionally, geopolitical tensions and the need for earth observation data in the defense sector “are driving strong demand for Planet Labs’ products, leading to a beat and raise quarter and a positive outlook for future revenue growth.”
Caution is advised, however, as pedigreed analysts like Citi and Goldman Sachs see PL’s share price declining in the short term, which bears watching. Yet each has a Hold (Goldman) and a Buy (Citi) on the stock right now.
It’s the long-term that makes PL a solid portfolio addition. After all, there’s little doubt global governments worldwide are beefing up defense-related space spending. That’s especially the case as satellite broadband systems are in high demand (about 60% of PL’s 2025 revenue came from the defense sector) and as AI systems are creating new demand for Earth observation and orbital data networks.
With space-driven data a big priority, Planet Labs is worth some tire-kicking for 2026 and well beyond.
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SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation and other in-space infrastructure services, announced today the granting of inducement awards to six new employees under Momentus’ 2022 Inducement Equity Plan. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Momentus’ Compensation Committee and made as a material inducement to each employee’s entry into employment with the Company.
In connection with the commencement of their employment, the employees received an aggregate of 1,850 restricted stock units (“RSUs”).
The RSUs have a four-year annual vesting schedule, subject to the relevant employee’s continued service with Momentus on the applicable vesting date. The RSUs are subject to the terms of the 2022 Inducement Equity Plan.
About Momentus Inc.
Momentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding management’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”) a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced that it has entered into securities purchase agreements with existing institutional investors for the purchase and sale of 2,942,000 shares of its common stock (or common stock equivalents in lieu thereof) in a private placement priced at-the-market under Nasdaq rules. The gross proceeds from the offering are expected to be approximately $25 million, before deducting placement agent fees and other estimated offering expenses.
The closing of the offering is expected to occur on or about May 28, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes. Existing capital and net proceeds from this offering, positions the Company with approximately $76 million in cash, cash equivalents, and short-term investments.
“We are pleased that our existing investors continue to support the company and our mission. We intend to use the proceeds for research and development, investment in strategic business initiatives and general corporate purposes,” said John C. Rood, Chairman and Chief Executive Officer of Momentus.
A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
The offer and sale of the foregoing securities is being made in reliance on an exemption from the registration requirement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and/or Regulation D promulgated thereunder, and applicable state securities laws, and the securities have not been and will not initially be registered under the Securities Act, or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to the terms of the securities purchase agreement entered into with the investors, the Company has agreed to file a registration statement with the U.S. Securities and Exchange Commission (the "SEC") covering the resale of the shares of common stock and shares of common stock underlying pre-funded warrants sold in the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. The Company offers satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and transportation of satellites to specific orbits.
Forward-Looking Statements
This press release contains certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected closing of the offering, the intended use of proceeds and fulfillment of customary closing conditions. These statements reflect Momentus’ or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 31, 2026, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
HomeIndustriesAerospace/DefenseSpace WatchSpace WatchThe company announced a $25 million private placement of shares, a day after filing for the sale of up to $200 million in securitiesLast Updated: May 27, 2026 at 6:49 p.m. ET
First Published: May 27, 2026 at 12:23 p.m. ET
A more than doubling in a single day apparently wasn’t enough, as shares of Momentus took flight again on Wednesday, after the company found another way to raise cash.
The company, which provides satellites and in-space transportation services, announced on Wednesday a private placement of 2.94 million shares of common stock to existing institutional investors. The deal is expected to generate proceeds of some $25 million, before expenses are factored in.
The micro-cap space stock is drawing fresh attention as investors hunt for companies with exposure to the Trump administration's Golden Dome missile-defense push and the upcoming SpaceX IPO lights up the sector.
MNTS stock is moving. See the chart and price action here. Government ContractsMomentus recently highlighted active contracts with DARPA, the Air Force Research Laboratory's SpaceWERX organization, the U.S. Space Force's Space Development Agency, NASA and the Missile Defense Agency.
The company also said it has the right to compete for contracts under a $151 billion, 10-year national defense contract vehicle tied to Golden Dome.
Golden Dome is designed as a layered "system of systems" using space-based sensors, space-based interceptors and existing ground, sea and air defenses to counter missile threats.
Space Systems Command has already awarded 20 Other Transaction Authority agreements to 12 companies for the Space-Based Interceptor program, with a potential combined value of up to $3.2 billion and a goal of demonstrating initial capability by 2028.
The defense-space catalyst comes as Momentus attempts to reset its financial profile.
CEO John Rood said in a shareholder letter that the company expects $10 million in 2026 revenue, a ninefold increase from $1.1 million in 2025, driven by milestone-based contracts with NASA and the U.S. Department of Defense.
Momentus also launched its Vigoride 7 spacecraft on SpaceX's Transporter-16 mission on March 30, while its Vigoride 8 mission planned for 2027 is fully subscribed with NASA-awarded contracts.
The company's pitch now goes beyond satellite transportation.
Momentus is positioning itself as a potential beneficiary of rising government demand for orbital infrastructure, space logistics and missile-defense support as national security spending moves deeper into low-Earth orbit.
Bulls Vs. Bears For bulls, the Golden Dome connection gives Momentus a bigger defense narrative at a time when speculative space stocks are back in favor.
For bears, the question is whether contract eligibility and mission momentum can turn into sustained revenue fast enough to offset cash burn, dilution risk and the volatility common in low-float space stocks.
Price ActivityMomentus stock was up 21.47% at $18.80 at the time of publication on Wednesday, according to Benzinga Pro.
Over the past month, MNTS has gained about 232.8%, versus a 5.1% rise in the S&P 500, and is up roughly 272% year-to-date, compared to the index’s 9.4% gain.
Photo: Triff / Shutterstock
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The space sector is getting hammered this week. Nearly every name on the board is red — some sharply so — as a combination of SpaceX pre-IPO fatigue and the implosion of a high-profile short squeeze drags the group lower across the board.
LUNR stock is moving. See the chart and price action here. SPCE Short Squeeze Virgin Galactic Holdings, Inc. (NYSE:SPCE) cratered 30.58% this week to $4.29 after one of the more dramatic squeezes in recent memory flamed out.
On Monday, SPCE touched $8.90 intraday on speculation and derivative settlement dynamics — short interest stood at 23.2% of float heading in, and S3 Partners estimated short sellers were sitting on $64 million in losses at the peak.
The arrival of strategic investor Rich Huang of RichRich Capital, who disclosed a 5.26% stake, added fuel to the fire.
But SPCE closed Monday at $7.52, and the squeeze has since unwound sharply — Wednesday’s close of $4.29 puts the stock well below where it started the week from the prior Friday’s $6.18 close. The squeeze is over.
Around the SectorRedwire Corp. (NYSE:RDW) is the week’s second-biggest loser at down 24.22% to $18.62, with Wednesday volume hitting 41.6 million shares — well above its typical daily average.
Momentus Inc. (NASDAQ:MNTS) has dropped 22.14% to $13.12.
Rocket Lab Corp. (NASDAQ:RKLB) is down 20.06% week-to-date to $114.70, making it one of the worst large-cap performers in the cohort.
Intuitive Machines (NASDAQ:LUNR) has dropped 22.82% to $33.83 despite locking in two new NASA lunar reconnaissance contracts in May, suggesting the macro overhang is heavier than individual contract wins right now.
The chart below shows the one-month price performances of several space stocks:
SpaceX IPO: $135/Share, $1.75T Valuation, June 12 DebutThe broader backdrop matters and reports swirling this week of SpaceX trimming its IPO valuation ambitions away from the $2 trillion target have taken some of the air out of the entire group.
When SpaceX sentiment shifts, the public pure-plays tend to feel it first.
In fact, SpaceX filed official IPO terms on Wednesday, targeting $135 per share — a fixed price, not a range, which is unusual and very Elon Musk.
At that price, the company plans to sell 555.6 million shares, raising approximately $74.4 billion (or up to $85.7 billion if underwriters exercise their full option), implying a $1.75 trillion valuation.
That’s down from the $2 trillion target Bloomberg reported in April, and slightly down from the $1.8 trillion figure circulating last week.
The roadshow officially kicks off Thursday, with pricing expected after market close on June 11 and the first trading day set for June 12 on Nasdaq under ticker SPCX.
The Payload The week isn’t over, but the damage is already significant. The space sector entered 2026 as one of the market’s hottest trades — this week, it’s one of the most punishing.
Photo: vectorfusionart / Shutterstock
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SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company specializing in satellite technology, space transportation, and in-orbit services, today announced two major developments:Execution of key capital raising activities that strengthens the Company's financial position; andSuccessful transition of its Vigoride 7 Orbital Service Vehicle (OSV), launched on the SpaceX Transporter-16 mission, into hosted payload mission operat.
