Momentus Inks 4 New Launch Agreements with SpaceX
Apr 7, 2022 By MarketDepth
Momentus Inc. (NASDAQ: MNTS) today announced that it has signed multiple launch agreements with Space Exploration Technologies Corp.
Shares Up Over 34%
Shares of Momentus Inc. (NASDAQ: MNTS) surged over 34% in premarket trading following the announcement.
Upcoming SpaceX Missions
The agreements see reserve slots for Momentus secured on four upcoming SpaceX Transporter mission, and are an addition to a Launch Services Agreement signed in 2021 for the SpaceX Transporter-5 mission targeted for launch in June 2022.
“Our agreements with SpaceX establish a regular launch cadence for Momentus as we bring our initial services to market. We’ll use these flight opportunities to demonstrate the capabilities of our Vigoride orbital transfer vehicle, deliver customers to orbit, and continue the development of new technologies to expand our service offerings at lower costs.”Momentus CEO John Rood
Momentus plans to fly its inaugural Vigoride demonstration flight on the upcoming SpaceX Transporter-5 mission, and will subsequently take part in the the Transporter-6 mission targeted for October 2022, Transporter-7 targeted for January 2023, Transporter-8 targeted for April 2023 and Transporter-9 targeted for October 2023.