Momentus Inc.

Snapshot

Momentus is a small-cap space infrastructure company that was recently on the brink of insolvency. In FY 2025, revenue collapsed 47.5% to just $1.1 million, while the company lost $30.5 million. The business burns cash aggressively, with R&D and administrative costs totaling $25.2 million against that tiny revenue base. As of year-end 2025, cash was only $12.8 million against $11.3 million in debt, leaving a runway of roughly seven months.

What's Happening Right Now

• Thu 18th Jun '26 · ATM Program: Momentus established an at-the-market offering program allowing it to sell up to $75 million of stock over time to fund working capital and general corporate purposes.
• Wed 17th Jun '26 · New Contract: The company secured a commercial contract with the University of Colorado Boulder to provide in-orbit services for the OWLS mission on its Vigoride-9 vehicle.
• Mon 15th Jun '26 · Capital Raise: Momentus raised $25 million in a registered direct offering at $13.50 per share, stating the proceeds eliminate substantial doubt about its ability to continue as a going concern.
• Mon 30th Mar '26 · Mission Launch: The Vigoride 7 Orbital Service Vehicle successfully launched to low-Earth orbit aboard a SpaceX Transporter-16 mission, marking a key operational milestone.