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Momentus Space
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Provides in-space transportation and satellite services
Momentus Space
Work Here?
Provides in-space transportation and satellite services
About Momentus Space
Industries
Aerospace
Company Size
51-200
Company Stage
IPO
Total Funding
$35.6M
Headquarters
Santa Clara, California
Founded
2017
Overview
Momentus Space offers infrastructure services for the space economy, focusing on in-space transportation. The company moves satellites and payloads to their desired orbits after launch, which is essential for operational efficiency. Momentus provides three main services: transporting payloads, leasing satellite capabilities, and maintaining satellites in orbit. Its goal is to support the growing space sector by delivering reliable and efficient services to satellite operators and space agencies.
Simplify's Take
What believers are saying
- Growing demand for in-orbit servicing aligns with Momentus' service offerings.
- Miniaturization of satellites increases need for efficient in-space transportation.
- Collaboration with DARPA highlights potential for stable government contracts.
What critics are saying
- Reliance on a single investor may indicate financial instability.
- Technical challenges may arise from integrating a robotic arm on Vigoride OSV.
- Convertible notes and loans suggest potential cash flow issues.
What makes Momentus Space unique
- Momentus uses a water plasma-based propulsion system for in-space transportation.
- The company offers Satellite as a Service, leasing satellite capabilities to clients.
- Momentus provides in-orbit servicing, including refueling and repositioning of satellites.
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Funding
Total Funding
$35.6M
Above
Industry Average
Funded Over
7 Rounds
Y CombinatorGrowth & Insights and Company News
6 month growth
↑ 1%1 year growth
↓ -5%2 year growth
↑ 0%Momentus (NASDAQ: MNTS) secured $5 million through a stock and warrant offering with a single institutional investor. The offering included 1,273,886 shares and warrants for an additional 1,273,886 shares at a combined price of $3.925 per share. The warrants, exercisable at $3.80 per share, expire in five years. The funds will be used for general corporate purposes. A.G.P./Alliance Global Partners acted as the sole placement agent.
Momentus (NASDAQ: MNTS) closed a $5 million stock offering with a single institutional investor, issuing 800,000 shares and warrants to purchase an additional 800,000 shares at $6.20 per share. The warrants have an exercise price of $6.08 and expire in five years. Proceeds will be used for general corporate purposes, including debt repayment. A.G.P./Alliance Global Partners served as the sole placement agent.
SAN JOSE, Calif. --(BUSINESS WIRE)--Sep. 16, 2024-- 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, today announced that it has entered into a securities purchase
Momentus Secures $2.75 Million from Private Placement
Momentus Inc. said that it has entered into a collaboration agreement with Lodestar Space to integrate a robotic arm onto a Momentus Vigoride Orbital Service Vehicle (OSV).
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About Momentus Space
Industries
Aerospace
Company Size
51-200
Company Stage
IPO
Total Funding
$35.6M
Headquarters
Santa Clara, California
Founded
2017
There are no jobs for Momentus Space right now.
Find jobs on Simplify and start your career today