Latest news with #MNTS
Business Insider
4 days ago
- Business
- Business Insider
Momentus Stock (MNTS) Rockets 70% on NASA Contract
Momentus (MNTS) stock surged on Wednesday after the in-space infrastructure services company announced a contract with NASA. The contract awarded to Momentus will have it conduct a study on flying critical foundational robotics technologies into space. The company has already completed the initial work under this study and seeks to conduct a follow-up study. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Momentus noted that NASA intends to award a contract for a follow-up study in September. The company is one of the two that the U.S. space agency is considering for this additional contract. The company has used its flagship Vigoride orbital service vehicle in the first portion of the study and would continue to do so in the follow-up study. John Rood, CEO of Momentus, said, 'We're honored to be entrusted by NASA to help mature these cutting-edge robotics systems. Space robotics is rapidly becoming a strategic capability that we expect to leverage in the future to support customers in the commercial and national security sectors.' Momentus Stock Movement Today Momentus stock was up 69.37% in pre-market trading on Wednesday. However, the company's shares have fallen 86% year-to-date and 83.91% over the past 12 months. News of its contract with NASA brought heavy trading to MNTS stock, with some 60.5 million shares having changed hands, which is well above its three-month daily average of about 2.08 million units. Is Momentus Stock a Buy, Sell, or Hold? Turning to Wall Street, coverage of Momentus is lacking. Luckily, TipRanks' AI analyst Spark has it covered. Spark rates MNTS stock an Underperform (40) with a $1 price target. It cites 'significant financial challenges with declining revenues and high operating losses' as reasons for this stance.
Yahoo
5 days ago
- Business
- Yahoo
Momentus Is Soaring on a NASA Contract Win. Should You Buy MNTS Stock Here?
Momentus (MNTS) shares nearly doubled on Wednesday morning after the commercial space firm said it has secured a terrestrial study contract from NASA. This study will explore 'options to fly advanced robotic systems in space aboard its orbital service vehicle flights,' the company revealed in its press release today. More News from Barchart Warren Buffett Warns Investing At 'Too-High Purchase Price' Even for 'an Excellent Company' Can Undo a Decade of Smart Investing BitMine Immersion Now Holds 1.15 Million Ethereum Tokens. Should You Buy BMNR Stock Here? Why Archer Aviation's (ACHR) Post-Earnings Tailspin Looks Like a Favorably Mispriced Opportunity Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Momentus stock has been in a sharp downtrend since the start of 2025. Even after today's surge, it's down more than 80% versus its year-to-date high set in early January. Significance of NASA Contract for Momentus Stock The contract Momentus announced with NASA this morning is significant for investors primarily because it validates its technology and strengthens its credibility in the commercial space sector. The award positions MNTS as a potential platform for deploying advanced robotics in orbit, which is a high-value niche with growing demand. Additionally, it suggests future revenue opportunities tied to government partnerships and in-space servicing. In short, an endorsement from NASA can catalyze investor confidence, attract institutional interest, and support long-term viability, all of which could lead to an increase in MNTS share price over time. Avoid Chasing the Rally in MNTS Shares While the NASA announcement sure is meaningfully positive for Momentus, investors should still practice caution in chasing this morning's rally since it is a penny stock. Penny stocks are often prone to manipulation and tend to reverse gains just as quickly as they are racked up, especially when the upside is not backed by strong financials. Moreover, Momentus shares do not currently receive coverage from Wall Street analysts, another letdown for serious investors given it reflects limited institutional interest and a lack of confidence in the company's long-term visibility and financial viability. In conclusion, MNTS stock remains a speculative name with fragile fundamentals and minimal analyst oversight. Therefore, investors view today's surge in the commercial space company as a sentiment-driven spike, not a sustainable turnaround, until clearer financial traction and institutional support emerge. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Wire
01-07-2025
- Business
- Business Wire
Momentus and Orbit Fab Partner to Advance Space Servicing with Podracer and RAFTI Demonstration Flight
SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS), a leading U.S. commercial space company specializing in satellite solutions, transportation, and in-space infrastructure, has signed a contract with Orbit Fab to provide hosted payload services for the on-orbit demonstration of Podracer, a space domain awareness payload, and the Rapidly Attachable Fluid Transfer Interface (RAFTI). The mission is scheduled to launch no earlier than February 2026 aboard a SpaceX Transporter rideshare mission. Fueling the future of space—Momentus and Orbit Fab demonstrates next-gen refueling and sensing technologies—delivering agile operations and mission resilience in orbit. Funded by the U.S. Air Force Research Laboratory (AFRL), Podracer will conduct a flight demonstration of infrared imaging sensors, image processing technology, and a control module to enhance space domain awareness aboard the Vigoride 7 orbital service vehicle (OSV). Podracer will also be used as part of a rendezvous and proximity operations (RPO) demonstration mission that Momentus plans to conduct during the Vigoride 7 mission using a system developed by Momentus. Through Vigoride's communications and data transfer systems, Orbit Fab will operate the Podracer payload remotely from its Mission Operations Center in Colorado, ensuring real-time control and monitoring of the hosted payload mission. During the Vigoride 7 mission, Momentus and Orbit Fab plan to conduct the first flight demonstration of a hydrazine compatible, Space Systems Command approved RAFTI. Orbit Fab's advanced refueling interface is designed to extend the operational lifespan of satellites, by enabling spacecraft docking and refueling, thereby eliminating the current limitations imposed by onboard fuel reserves. This advancement is expected to significantly reduce costs and improve operational flexibility for satellite operators by mitigating mission constraints caused by fuel shortages. 'We are thrilled to collaborate with Orbit Fab to demonstrate the Podracer and RAFTI payloads to continue to push the boundaries of what's possible in space servicing and space domain awareness,' said Momentus CEO John Rood. 'The new contract with Orbit Fab adds another advanced technology payload to what will be an exciting mission early next year in which Momentus will support several cutting-edge payloads from the U.S. Defense Advanced Research Projects Agency, AFRL, and innovative early-stage space companies.' "We're excited to be working with Momentus as we advance the future of in-space mobility and dynamic space operations,' said Dr. Melissa Sampson, Vice President of Business Development, at Orbit Fab. 'Our collaboration underscores the critical role of on-orbit refueling for increasing satellite maneuverability and mission life. Together, we're pushing the boundaries of space technology and enabling a more agile and sustainable infrastructure in orbit.' This launch marks Momentus' fourth Vigoride mission and its first collaboration with Orbit Fab. In addition to Podracer, Momentus will provide transportation and hosted payload support during the Vigoride 7 mission for several additional commercial and U.S. government customers, including the U.S. Defense Department. As demand for Vigoride missions continues to grow, Momentus is actively planning a follow up mission using its Vigoride 8 OSV. Government and commercial customers interested in launching microsatellites up to 200 kg, cubesats, and hosted payloads in LEO are encouraged to contact the Momentus Commercial Team at sales@ for booking opportunities while space remains available. 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 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 and the Investor Relations section of our website at 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.
