Author Topic: Momentus Space  (Read 48933 times)

Offline gongora

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Re: Momentus Space
« Reply #100 on: 01/05/2021 11:51 pm »
Why does Momentus need an FAA license?  Aren't they treated as a satellite?

My first guess is that it should have said FCC instead of FAA.  They need an FCC license and didn't get it in a timely manner.  FAA also has involvement but I don't think they license the payloads directly, just review whether or not the launch provider is allowed to carry them.

Offline TrevorMonty

Re: Momentus Space
« Reply #101 on: 01/14/2021 06:15 pm »
Good partnership. Momentus needs this robotics capability to create versatile spacetug. I can see them using MIS Archinaut technology to give these spacetugs large solar arrays. May also be case of satellites having their solar arrays fitted in space by Momentus spacetug.
Have satellite mounted on Vigoride along with rolled up arrays and other construction materials, once in orbit Vigoride delivers it Archinaut type construction spacetug. Once solar arrays are fitted along with anything else eg large RF dish, Vigoride delivers it to destination orbit.

https://redwirespace.com/2021/01/14/momentus-selects-redwire-to-develop-robotics-systems-for-reusable-in-space-transportation-vehicle/


Offline gongora

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Re: Momentus Space
« Reply #102 on: 01/25/2021 04:10 pm »
https://twitter.com/jeff_foust/status/1353741141531893760
Quote
Mikhail Kokorich is resigning as CEO of Momentus “in an effort to expedite the resolution of U.S. government national security and foreign ownership concerns.” Dawn Harms takes over as CEO. [No word on Kokorich’s ownership stake.] https://sec.gov/Archives/edgar/data/1781162/000121390021003873/ea133842ex99-1_stableroad.htm

Quote
Momentus Names Dawn Harms Interim CEO

Board Accepts Resignation of Mikhail Kokorich as CEO and Director

January 25, 2021 –Santa Clara, CA – Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, today announced its Board of Directors has appointed Dawn Harms, the Company’s Chief Revenue Officer, as a director and interim CEO effective immediately, following the resignation of director and founding CEO Mikhail Kokorich.

Momentus, in consultation with the Company’s announced SPAC partner, Stable Road Acquisition Corp. (“Stable Road”), has determined that accepting Mr. Kokorich’s resignation is in the best interest of the Company, in an effort to expedite the resolution of U.S. government national security and foreign ownership concerns surrounding the Company, the existence of which the Company recently has confirmed.

“We believe that this leadership transition will position the company for success and help accelerate regulatory reviews by the U.S. government,” said Brian Kabot, Chairman and CEO of Stable Road. “Momentus has a deep and experienced executive team, as well as innovative technology. We have full confidence in Dawn and the team to lead the Company to reach both near-term targets and achieve even greater success over the longer-term.”

Momentus and Stable Road are fully committed to cooperating with the U.S. government in connection with any regulatory reviews.

Harms is a proven leader in the global space industry who has steered operations at all levels of Momentus since 2019. Previously, she held executive positions at Boeing Satellite Systems International, Space Systems Loral (now MAXAR), International Launch Services (ILS), and others.

“I am thrilled and privileged to lead Momentus, and I am confident that together we will continue to reach great heights as a company,” Harms said. “We have an extremely talented team, groundbreaking water plasma propulsion technology, and a unique value proposition, all of which we believe have established Momentus as a leader in the in-space infrastructure industry.”

Dr. Fred Kennedy, former director of the U.S. Department of Defense Space Development Agency who joined Momentus in September 2020, will continue in his role as Company President.

“Dawn is highly respected in the space community, and her relationships and expertise have already contributed a critical part to Momentus’ success,” said Dakin Sloss, Momentus board Chairman and General Partner of Prime Movers Lab, the Company’s largest investor. “We have complete confidence that Dawn, Fred and the team will continue to thrive in creating a future for the space industry.”

The Company is grateful to Mr. Kokorich for his entrepreneurial vision and service and thrilled for Dawn’s leadership in the next steps of realizing that vision.

Online Davidthefat

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Re: Momentus Space
« Reply #103 on: 01/25/2021 05:35 pm »
Wonder what about Momentus' status is different from Rocket Lab that Rocket Lab didn't have to do such drastic changes in management to do business as an American company.

Offline WmThomas

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Re: Momentus Space
« Reply #104 on: 01/25/2021 06:26 pm »
New Zealand is a close ally of the United States.

Russia is far from being an ally of the US.

That's the difference.

Offline gongora

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Re: Momentus Space
« Reply #105 on: 05/06/2021 01:25 am »
https://twitter.com/SRACorp/status/1389620575933386753
Quote
$SRAC Get out and vote FOR extension of the deadline to complete our merger with @momentusspace. Your vote is important no matter how many or how few shares you own! Voting instructions and proxy filing with details on this can be found at:
VOTE | Stable Road Capital  stableroadcapital.com

The proposal to extend the deadline by which SRAC has to consummate the proposed transaction with @momentusspace requires approval by holders of at least 65% of the outstanding shares of Class A common stock and Class B common stock, voting as a single class.

That threshold had not been achieved as of yesterday evening, which is why all stockholders as of March 22, 2021 (the record date) are strongly encouraged to vote as soon as possible.  Those stockholders who have already voted have overwhelmingly supported the extension.

Quote
SPECIAL MEETING INFORMATION

Stable Road will hold a Special Meeting of Stockholders on May 6, 2021 to approve the extension amendment proposal to allow more time to complete its proposed business combination with Momentus Inc. Stockholders of record as of the close of business on March 22, 2021 will be entitled to vote.

The board of directors of Stable Road have unanimously approved the proposed extension. Details on the extension amendment are included in the proxy materials found at https://www.cstproxy.com/stableroadacquisitioncorp/sm2021.

Stable Road recently mailed to stockholders its proxy statement and voting instruction form, which include instructions on how to vote “FOR” all proposals on the agenda, including the extension amendment.

Your vote is important no matter how many or how few shares you own – and please note that not voting is the same as voting against the business combination.
« Last Edit: 05/06/2021 01:27 am by gongora »

Offline gongora

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Re: Momentus Space
« Reply #106 on: 05/06/2021 06:29 pm »

Offline su27k

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Re: Momentus Space
« Reply #107 on: 05/12/2021 03:58 am »
FAA rejects payload review for Momentus

Quote
The Federal Aviation Administration has denied a payload review for in-space transportation company Momentus, meaning the company will miss its second opportunity to launch its first tugs.

In a May 11 filing with the Securities and Exchange Commission, Momentus said the FAA’s Office of Commercial Space Transportation notified the company May 10 that it had denied the company’s application for a payload review, part of the FAA’s launch licensing process. Momentus sought the review in order to be part of a SpaceX dedicated rideshare launch scheduled for June. Denials of payload reviews by the FAA are rare.

The FAA rejected the application “based on the FAA’s finding that its launch would jeopardize U.S. national security,” the company said in the filing. “According to the letter, during an interagency consultation, the FAA was informed that the launch of Momentus’ payload poses national security concerns associated with Momentus’ current corporate structure.”

Offline Ragmar

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Re: Momentus Space
« Reply #108 on: 05/12/2021 03:16 pm »
Did SRAC end up getting the 65%?  I believe the due date was last night?

Offline TrevorMonty

Re: Momentus Space
« Reply #109 on: 05/12/2021 07:00 pm »
With recent FCC ruling SRAC shareholders might be better cashing up and not merging.

I do like Momentus spacetug and propulsion systems, would be pity if they don't succeed.

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Offline Asteroza

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Re: Momentus Space
« Reply #110 on: 05/13/2021 12:27 am »
With recent FCC ruling SRAC shareholders might be better cashing up and not merging.

I do like Momentus spacetug and propulsion systems, would be pity if they don't succeed.

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I mean, what else can they do unless SRAC buys out the founders earlier? They're already being forced to sell most of their stakes in three years, right? If that won't satisfy DoD, then Momentus is spinning wheels for three years at least, assuming they have enough runway to survive in zombie mode until then...

Offline TrevorMonty

Re: Momentus Space
« Reply #111 on: 05/13/2021 01:24 am »
With recent FCC ruling SRAC shareholders might be better cashing up and not merging.

I do like Momentus spacetug and propulsion systems, would be pity if they don't succeed.

Sent from my SM-T810 using Tapatalk

I mean, what else can they do unless SRAC buys out the founders earlier? They're already being forced to sell most of their stakes in three years, right? If that won't satisfy DoD, then Momentus is spinning wheels for three years at least, assuming they have enough runway to survive in zombie mode until then...
They could sell their propulsion systems, not the original plan but it would give them revenue stream.

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Offline gongora

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Re: Momentus Space
« Reply #112 on: 05/13/2021 04:59 pm »
Stable Road Stockholders Approve Extension of the Date to Consummate Proposed Business Combination with Momentus
May 13, 2021 12:37 PM Eastern Daylight Time
VENICE, Calif.--(BUSINESS WIRE)--Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (“Stable Road” or the “Company”) announced today that at the special meeting of stockholders (the “Special Meeting”) held on May 13, 2021, the Company’s stockholders approved a proposal to extend the deadline by which the Company has to consummate the proposed business combination with Momentus Inc. (“Momentus”) from May 13, 2021 to August 13, 2021 (the “Extension Amendment Proposal”).

Brian Kabot, Chairman and Chief Executive Officer of Stable Road, commented on the results of the meeting, “We are very pleased by the overwhelming support for the Extension Amendment Proposal exhibited by our stockholders, with approximately 66.2% of all outstanding shares, and approximately 98.6% of shares that voted on the proposal, being cast in favor of the proposal. We appreciate our stockholders’ strong engagement and look forward to advancing the proposed business combination with Momentus.”
...

Offline octavo

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Re: Momentus Space
« Reply #113 on: 05/17/2021 08:28 am »
Stable Road Stockholders Approve Extension of the Date to Consummate Proposed Business Combination with Momentus
...
“We are very pleased by the overwhelming support for the Extension Amendment Proposal exhibited by our stockholders, with approximately 66.2% of all outstanding shares, and approximately 98.6% of shares that voted on the proposal, being cast in favor of the proposal.”
...

Assuming I can math right (never a safe assumption), the extension squeaked through with a total of 65.27% of all stockholders voting yes.

Online FutureSpaceTourist

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Re: Momentus Space
« Reply #114 on: 05/24/2021 08:02 pm »
https://www.cnbc.com/2021/05/24/spac-stable-road-shares-drop-after-momentus-says-it-wont-fly-in-2021.html

Quote
Space SPAC shares drop as struggling merger target Momentus does not expect to fly this year
PUBLISHED MON, MAY 24 20213:58 PM EDT
Michael Sheetz
@THESHEETZTWEETZ

KEY POINTS

Stable Road Acquisition Corp. disclosed in a securities filing that its merger target, in-space transportation company Momentus, no longer plans to conduct any missions for customers this year.

“This determination was based on information from SpaceX that it was suspending its Momentus-related efforts while Momentus works to secure approvals from the U.S. government,” Stable Road wrote.

Stable Road’s merger with Momentus has been bogged down this year, largely due to national security concerns raised by multiple U.S. government agencies.

Offline gongora

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Re: Momentus Space
« Reply #115 on: 05/24/2021 08:19 pm »
https://www.sec.gov/Archives/edgar/data/0001781162/000121390021028621/ea141563-8k_stableroad.htm
Quote
On October 7, 2020, Stable Road Acquisition Corp. (“Stable Road” or “Parent”) announced a proposed business combination (the “Business Combination”) with Momentus Inc. (“Momentus” or the “Company”). On May 23, 2021, Momentus informed Stable Road that it does not expect to fly any missions in 2021 and that this determination was based on information from SpaceX that it was suspending its Momentus-related efforts while Momentus works to secure approvals from the U.S. government As previously disclosed, Momentus is seeking these approvals from the U.S. government that are required for its missions. Momentus is in the process of updating its financial projections and backlog.

Offline gongora

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Re: Momentus Space
« Reply #116 on: 06/09/2021 04:35 pm »
Momentus Finalizes and Signs National Security Agreement

Milestone marks key step in government review process

June 09, 2021 06:30 AM Eastern Daylight Time
SANTA CLARA, Calif.--(BUSINESS WIRE)--Momentus Inc. (“Momentus” or the “Company”), a U.S. commercial space company offering transportation and other in-space infrastructure services, today announced that it has finalized and signed a National Security Agreement (“NSA”) with the Department of Defense and Department of the Treasury as lead agencies on behalf of the Committee on Foreign Investment in the United States (“CFIUS”). The NSA is the culmination of four months of intensive work with the U.S. government and marks a crucial step in the Company’s path toward delivering its services.

Since February of this year, Momentus has collaborated with CFIUS and its member agencies, working to demonstrate the Company’s commitment to serving as a trusted partner to the U.S. government. With the NSA now final, Momentus will implement the NSA-required actions that will enable effective alignment with U.S. government stakeholders.

“Our co-founders are completely divested from the company as of today, helping to resolve a primary point of the government’s concern,” said Momentus Chief Executive Officer Dawn Harms. “The focus now shifts to efficiently implementing the NSA requirements and reinforcing our operational security.”

As part of the NSA, Momentus will be required to implement increased security measures, hire key positions to provide additional oversight and appoint a CFIUS-approved director to its board of directors to oversee compliance with the NSA’s stipulations.

“Once the NSA’s measures are implemented, we will renew our efforts to expeditiously obtain governmental approvals to clear our path to flight,” said Harms. “The entire Momentus team is eager to move forward, and we are happy to report progress on that journey with this NSA milestone.”

Offline uyducu

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Re: Momentus Space
« Reply #117 on: 06/09/2021 06:28 pm »
 Any chance of retaking the Spacex transporter 2 mission?


 
Momentus Finalizes and Signs National Security Agreement

Milestone marks key step in government review process

June 09, 2021 06:30 AM Eastern Daylight Time
SANTA CLARA, Calif.--(BUSINESS WIRE)--Momentus Inc. (“Momentus” or the “Company”), a U.S. commercial space company offering transportation and other in-space infrastructure services, today announced that it has finalized and signed a National Security Agreement (“NSA”) with the Department of Defense and Department of the Treasury as lead agencies on behalf of the Committee on Foreign Investment in the United States (“CFIUS”). The NSA is the culmination of four months of intensive work with the U.S. government and marks a crucial step in the Company’s path toward delivering its services.

Since February of this year, Momentus has collaborated with CFIUS and its member agencies, working to demonstrate the Company’s commitment to serving as a trusted partner to the U.S. government. With the NSA now final, Momentus will implement the NSA-required actions that will enable effective alignment with U.S. government stakeholders.

“Our co-founders are completely divested from the company as of today, helping to resolve a primary point of the government’s concern,” said Momentus Chief Executive Officer Dawn Harms. “The focus now shifts to efficiently implementing the NSA requirements and reinforcing our operational security.”

As part of the NSA, Momentus will be required to implement increased security measures, hire key positions to provide additional oversight and appoint a CFIUS-approved director to its board of directors to oversee compliance with the NSA’s stipulations.

“Once the NSA’s measures are implemented, we will renew our efforts to expeditiously obtain governmental approvals to clear our path to flight,” said Harms. “The entire Momentus team is eager to move forward, and we are happy to report progress on that journey with this NSA milestone.”

Offline gongora

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Re: Momentus Space
« Reply #118 on: 06/10/2021 01:02 am »
On June 8 Momentus withdrew their pending FCC applications for the Vigoride launches.  They should be refiled before the next flight opportunity.
« Last Edit: 06/10/2021 01:02 am by gongora »

Offline russianhalo117

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Re: Momentus Space
« Reply #119 on: 06/10/2021 01:10 am »
Any chance of retaking the Spacex transporter 2 mission?
No as payloads were returned to their operators upon Momentus being pulled from the flight.
« Last Edit: 06/10/2021 01:12 am by gongora »

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