![]() ![]() If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. When a rocket launches into space carrying a load of satellites, not all of them want to be delivered in the same location. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. About Momentus Space Stock Founded in 2017, San Francisco startup Momentus has taken in just over 33 million in funding to build a craft for last-mile delivery in space. Department of Defense stating Momentus posed a risk to national security as a. The company’s shares have surged 97 in price over the past month, due primarily to its announcement related to. 21 the company became aware of correspondence from the U.S. Get the latest Momentus Inc (MNTS) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. (MNTS) in Santa Clara, Calif., is a commercial space corporation that intends to provide in-space infrastructure services that include in-space transportation, hosted payloads, and in-orbit services. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. In the new SEC filing, Momentus said that on Jan. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Why Is SoFi (SOFI) Stock Down Again Today?. ![]() HMHC Stock News: 9 Things to Know as Houghton Mifflin Harcourt Goes Private.You can get all the details on these stories at the following links! More Thursday Stock Market News We’ve got all the hottest stock market coverage that traders need for today! That includes Houghton Mifflin Harcourt going private, what has Euronav (NYSE: EURN) stock rising, as well as SoFi (NASDAQ: SOFI) stock is slipping today. Investors seeking more stock market news for Thursday will want to stick around! MNTS stock is up 57.5% as of Thursday morning and is up 10.8% since the start of the year. That’s a massive increase compared to its daily average trading volume of only around 753,000 shares. As of this writing, more than 100 million shares of the company’s stock have changed hands. News of the deal with SpaceX has MNTS stock seeing incredibly heavy trading today. It sets up a regular launch schedule for the company that legitimizes its space travel plans. Marina Abramovis former partner and collaborator passed away in Ljubljana. Momentus signing this deal with SpaceX is a major win for holders of MNTS stock. Those partners included Momentus, who would integrate the payload on its Vigoride transfer vehicle that would then be launched in October 2023 on Relativity Space’s Terran 1 small launch vehicle. Published Wed, Oct 7 20207:53 AM EDT Updated Wed, Oct 7 20203:18 PM EDT. “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 to become the latest space stock with ticker ‘MNTS,’ valued at 1.2 billion in SPAC deal. John Rood, CEO of Momentus, said the following about the news boosting MNTS stock higher today. The company is set to include its inaugural Vigoride demonstration flight on the SpaceX Transporter-5 mission set for June 2022. It’s worth pointing out that these won’t be the first flights Momentus takes with SpaceX. They are Transporter-6 in October 2022, Transporter-7 in January 2023, Transporter-8 in April 2023, and Transporter-9 in October 2023. That includes four upcoming SpaceX Transporter missions. When the satellites are released into an approximately correct orbit, the tugs will take them the "last mile" to their final destination.This deal covers multiple launch agreements with SpaceX. Momentus' Vigoride, Ardoride, and Fervoride tugs will be launched alongside these satellites using partner SpaceX's Falcon 9 rockets. In Momentus, it seems to have found its target.įounded in 2017, Momentus is in the business of building spacecraft whose whole purpose is to move other spacecraft (i.e., satellites) to their customers' desired orbits. It was incorporated with $172.5 million in capital back in November 2019, and has been searching for a suitable company to acquire ever since. This morning, privately owned Stable Road Capital announced a deal to acquire privately owned space transportation company Momentus and bring it public in a $1.2 billion transaction facilitated by the SPAC Stable Road Acquisition ( SRAC).Īs is the case with most SPACs, Stable Road Acquisition is essentially a shell company, with no business of its own to speak of. ![]()
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