Momentus (MNTS) Company Report

Momentus Inc. was awarded a $5.1 million contract by NASA's Flight Opportunities program on September 26, 2025.
The contract supports the Commercial Orbital System for Microgravity In-Space Crystallization (COSMIC) demonstration, which aims to leverage microgravity for advanced crystal growth in pharmaceuticals, semiconductors, and advanced materials.
Momentus' Vigoride orbital service vehicle will host the COSMIC payloads for this mission.

Oct 9, 2025, 12:30 PM

Momentus Secures NASA Contract for In-Space Thruster Test

MNTS

New Projects/Investments

Product Launch

Momentus Inc. was awarded a $2.5 million contract by NASA's Armstrong Flight Research Center on September 29, 2025, to conduct an on-orbit demonstration of the Rotating Detonation Rocket Engine (RDRE).
Under the contract, Momentus will provide its Vigoride satellite platform and operate it in space to facilitate the testing of Juno Propulsion's RDRE thruster.
This marks Momentus's sixth contract from NASA in recent months, and the company is also involved in contracts supporting U.S. Defense Department organizations like DARPA and SpaceWERX.
The RDRE thruster, developed by Juno Propulsion, utilizes non-toxic, storable propellants (nitrous oxide and ethane) and aims to achieve significantly higher specific impulse through detonation waves, representing a critical step in validating the technology in a space environment.

Oct 9, 2025, 12:30 PM

Momentus Inc. Announces Private Placement Offering

MNTS

Debt Issuance

New Projects/Investments

Momentus Inc. entered into a private placement offering with Yield Point NY, LLC on September 25, 2025, securing approximately $1,500,000 in gross proceeds.
The offering included a Junior Secured Convertible Note with a principal amount of $1,630,435, maturing on September 25, 2026, and convertible into Class A common stock at $1.116 per share.
Additionally, the company issued warrants to purchase up to 1,460,964 shares of Common Stock at an exercise price of $1.40 per share.
As part of the agreement, Momentus Inc. committed to not effect an Equity Line of Credit or variable rate transaction (with some exceptions) while the Notes are outstanding, and to seek shareholder approval for issuances exceeding 19.9% of outstanding shares.
The company also granted Yield Point NY, LLC certain registration rights for "Put Shares" and "Commitment Shares".