Author Topic: Momentus Space  (Read 65691 times)

Offline Tywin

Re: Momentus Space
« Reply #160 on: 06/14/2022 01:11 pm »
Do we know the names of the two satellites that were deployed?

Fossa satellites...
The knowledge is power...Everything is connected...
The Turtle continues at a steady pace ...

Offline su27k

  • Senior Member
  • *****
  • Posts: 6414
  • Liked: 9102
  • Likes Given: 885
Re: Momentus Space
« Reply #161 on: 11/11/2022 12:58 pm »
Momentus upbeat about second Vigoride mission

Quote from: SpaceNews
Momentus says it has “higher confidence” in its second space tug set to launch in December after fixing problems encountered with its first vehicle launched earlier this year.

In an earnings call after the release of its third quarter financial results Nov. 8, John Rood, chief executive of Momentus, said the company’s Vigoride 5 tug is on track to launch on SpaceX’s Transporter-6 rideshare mission, scheduled to launch in December on a Falcon 9 from Florida. The company completed a flight readiness review for the spacecraft about a week earlier and will ship it to Cape Canaveral “in the coming days.”

Vigoride 5 follows the company’s first tug, Vigoride 3, launched on the Transporter-5 mission in May. That vehicle suffered several problems, including communications issues and a solar array that failed to properly deploy, although the company was eventually able to deploy seven of the nine satellites on board.

Offline Tywin

Re: Momentus Space
« Reply #162 on: 02/01/2023 06:11 pm »
Any news on the second Vigoride deployment?
The knowledge is power...Everything is connected...
The Turtle continues at a steady pace ...

Offline Sam Ho

  • Full Member
  • ****
  • Posts: 818
  • Liked: 582
  • Likes Given: 71
Re: Momentus Space
« Reply #163 on: 10/06/2023 02:27 pm »
Any news on the second Vigoride deployment?
Bit late here, but Momentus issued a press release a couple months ago with status on the first three Vigorides.  The good news is the second one seems to be working well.

On the other hand, the stock has lost 90% of its value in that time, and is now trading close to $1 after a 1-for-50 reverse stock split.

https://investors.momentus.space/news-releases/news-release-details/momentus-deploys-all-payloads-vigoride-6-mission

Quote
Momentus Deploys All Payloads from Vigoride-6 Mission

Hosted Payload Services for Caltech Continues on Vigoride-5

SAN JOSE, Calif.--(BUSINESS WIRE)--Jul. 28, 2023-- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has deployed all customer payloads from its Vigoride-6 Orbital Service Vehicle launched in April 2023 aboard the SpaceX Transporter-7 mission.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230727650272/en/

To date, Momentus has deployed a total of 15 customer satellites over three missions conducted over the past year and has also placed three Vigoride Orbital Service Vehicles (OSVs) into orbit. While these initial three missions were demonstration missions focused on testing the performance of the Vigoride OSV, Momentus is proud to have orbited a number of customer satellites in the missions summarized below:

Vigoride-3 launched in May 2022: Momentus’ inaugural mission deployed six satellites for FOSSA Space Sytems and the SelfieSat satellite for Orbit NTNU from Vigoride. The Company also used a third-party deployer to deliver a satellite to orbit for CalPoly Pomona for a total of eight satellites deployed from Vigoride-3 and a third-party deployer.

Vigoride-5 launched in January 2023: Momentus’ second mission included the deployment of the Qosmosys Zeus-1 payload. The Company is providing ongoing hosted payload services to Caltech’s Solar Power Project Demonstrator (SSPD) mission. Caltech reports that its payload recently demonstrated its ability to wirelessly transmit power in space and to beam detectable power to Earth. Momentus will continue to provide hosted payload support to SSPD over the coming months as it continues its operations.

During the Vigoride-5 mission, the Momentus team also tested its Microwave Electrothermal Thruster (MET) that uses water as a propellant. This included 35 firings of the thruster that demonstrated its ability to perform its intended use cases in Low-Earth Orbit (LEO).

Vigoride-6 launched in April 2023: The Vigoride-6 mission successfully deployed the REVELA payload for ARCA Dynamics, the VIREO CubeSat for C3S LLC., the DISCO-1 CubeSat for Aarhus University, and the IRIS-C payload for an Asian customer booked through ISILAUNCH.

During the Vigoride-6 mission, Momentus also deployed two CubeSats into Low-Earth Orbit as part of the NASA LLITED (Low-Latitude Ionosphere/Thermosphere Enhancements in Density) mission. These two CubeSats, housed behind a single deployer door, were released from the Vigoride OSV earlier than scheduled. While the CubeSats were deployed at the intended altitude of 495km, they were deployed at a different inclination than the intended target orbit needed for the science experiment. NASA has confirmed the two CubeSats are functional, and the team will be able to operate the science instruments onboard. Momentus conducted a thorough investigation and identified the root cause as human error in the mapping of a software command. The Company is implementing corrective actions to prevent a recurrence.

LLITED launched in April as ELaNa 40 (Educational Launch of a Nanosatellite) managed by NASA’s CubeSat Launch Initiative.

“One of the upcoming events that we are looking forward to conducting on the Vigoride-6 mission is a test of the Tape Spring Solar Array (TASSA), a Momentus technology demonstration of a new kind of solar array,” said Momentus Vice President of Program Management Krishnan Anand.

The TASSA features 11-meter-long metal sheets with flexible solar cells bonded to them. To stow, they are tightly coiled around a mandrel. After launch, motors unroll the mandrel, deploying the solar array. The goal of the TASSA program is to reduce the cost per watt of power generated by 50% over arrays currently on the market. Momentus aims to drive down vehicle production costs and streamline on-orbit operations, while reducing the cost of power for the satellite, with this technology once operational.

Along with Vigoride-6, Momentus is concurrently operating its Vigoride-5 spacecraft that launched in January 2023. As mentioned above, the Vigoride-5 spacecraft is providing ongoing hosted payload services to Caltech’s Solar Power Project Demonstrator (SSPD) mission.

The Company’s next flight is targeted for no earlier than November 2023 aboard the SpaceX Transporter-9 mission. During this mission, Momentus will use a deployer to place three satellites into Low-Earth Orbit for three different customers:

1. The AMAN-1 Earth Observation satellite will be deployed for SatRev. The satellite can also be used for other services such as land survey, precision agriculture, weather, environmental and smart cities.
2. The JINJUSat-1 satellite will be deployed for CONTEC Co. of the Republic of Korea. JINJUSat-1 is spearheaded by three entities: Jinju City, Korea Testing Laboratory, and Gyeongsang National University. Once in orbit, cameras mounted on the satellite will carry out a mission to take pictures of the Earth.
3. The Picacho satellite will be deployed for Lunasonde - a U.S. sub-surface imaging company with the goal of making underground resources – like water and minerals – easier to find. The Picacho CubeSat is a technology demonstration of Lunasonde’s sensors. It will measure the power spectral density of low-frequency radio signals in the ionosphere, which will help inform designs for the company’s future satellites.
Additionally, Momentus now plans to launch its Vigoride-7 OSV, originally scheduled for launch in October 2023, on SpaceX’s Transporter-10 mission targeted for no earlier than February 2024. On the Vigoride-7 mission, Momentus will aim to deploy several customer satellites in Low-Earth Orbit and provide services to a hosted payload. The Company will also release a target satellite and maneuver the OSV into proximity with the target satellite for a Remote Proximity Operations demonstration. The revised mission plans will enable Momentus to launch Vigoride-7 with a fuller load of payloads for deployment in LEO with better mission economics, while still meeting the needs of customers requiring orbital delivery in 2023.

About Momentus

Momentus is a U.S. commercial space company that offers in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system.

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 Momentus or 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 March 8, 2023, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. 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.



View source version on businesswire.com: https://www.businesswire.com/news/home/20230727650272/en/

Investors:
[email protected]

Media:
[email protected]

Source: Momentus Inc.

Online gongora

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 10331
  • US
  • Liked: 14170
  • Likes Given: 6049
Re: Momentus Space
« Reply #164 on: 10/06/2023 02:50 pm »
Momentus raised $5M in September and $4M in October, which really isn't enough at the rate they're burning cash.  At least it gives them a couple more months of runway.

Online zubenelgenubi

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 11629
  • Arc to Arcturus, then Spike to Spica
  • Sometimes it feels like Trantor in the time of Hari Seldon
  • Liked: 7739
  • Likes Given: 75806
Re: Momentus Space
« Reply #165 on: 01/12/2024 05:50 pm »
Cross-post:
https://twitter.com/SpaceEquities/status/1745790835776434639
Quote
Momentus $MNTS  is cancelling plans to launch the Vigoride-7 and customers on SpaceX's transporter 10 due to lack of liquidity to support operations. The company reduced headcount and contractors by aproximately 20% at the end of Q4 and is managing cash while it continues exploring new business opportunities and working to raise additional capital.
https://investors.momentus.space/node/9891/html

Excerpts of SEC Form 8-K from:
https://investors.momentus.space/node/9891/html
Quote
January 10, 2024
Date of Report (date of earliest event reported)
<snip>
Business Update
 
Starting on January 10, 2024, Momentus Inc. (the “Company” or “Momentus”) notified customers and certain regulatory agencies that the Company had changed its plans and did not plan to support the launch of their payloads aboard the Vigoride 7 Orbital Service Vehicle planned for launch on the SpaceX Transporter 10 mission currently targeted for March 1, 2024. The notice was provided due to the Company’s inability to support continuing operations for the expected launch date as a result of the Company’s limited liquidity and cash balance as of the time of the notice to customers.  The Company continues to pursue opportunities to raise additional capital to allow for its continuing operations and the execution of its business plan but does not have definitive commitments at this time.
 
 
SDA
 
On January 5, 2024, the Company was notified by the Space Development Agency (SDA) that the Company was not selected for funding for the Tranche 2 Tracking Layer.  As noted during the Company’s  third quarter 2023 earnings call and the accompanying press release filed with the Securities and Exchange Commission  on a Current Report on Form 8-K on November 14, 2023, Momentus had submitted a bid to the SDA to produce 18 satellites for missile tracking and fire control as part of this proposal.
 
 
Liquidity
 
The Company has not generated sufficient revenues to provide cash flows that enable the Company to finance its operations internally and the Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern. The Company has taken and continues to take proactive steps with respect to managing its cash burn rate and extending its cash runway while the Company continues exploring new business opportunities and working to raise additional capital. At the end of the fourth quarter of 2023, the Company reduced its headcount of full-time employees and contractors by approximately 20% to reduce its cash burn rate while retaining the talent it needs to execute on its key near-term initiatives. Nevertheless, the Company’s ability to continue to fund operations for the next few weeks and months will be dependent on its ability to raise equity capital or engage in a strategic transaction.
 
 
Strategic Process
 
As part of the evaluation of strategic alternatives, Momentus has conducted discussions with multiple potential strategic partners over the past few months. Those discussions have not resulted in any definitive agreements. The Company continues to engage in discussions and attempts to position itself to be able to quickly capitalize on any potential opportunities with interested parties should they arise and to evaluate all viable strategic options. However, if the Company is unable to raise sufficient capital to provide a bridge to full commercial production at a profit, the Company’s operations could be further curtailed or ceased.
<snip>
« Last Edit: 01/12/2024 06:03 pm by zubenelgenubi »
Support your local planetarium! (COVID-panic and forward: Now more than ever.) My current avatar is saying "i wants to go uppies!" Yes, there are God-given rights. Do you wish to gainsay the Declaration of Independence?

Offline FutureSpaceTourist

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 49738
  • UK
    • Plan 28
  • Liked: 83929
  • Likes Given: 37551
Re: Momentus Space
« Reply #166 on: 01/13/2024 08:06 am »
https://www.cnbc.com/2024/01/12/space-company-momentus-mnts-running-out-of-money.html

Quote
Space company Momentus, once valued at more than $1 billion, is running dangerously low on money
PUBLISHED FRI, JAN 12 202410:40 AM EST
UPDATED FRI, JAN 12 2024AT 10:50 EST
Michael Sheetz
@IN/MICHAELJSHEETZ
@THESHEETZTWEETZ

KEY POINTS
Momentus, once valued at more than $1 billion before going public via a SPAC in 2021, abandoned plans for its next mission, which was to fly satellite customers in March.

The company cited its “inability to support continuing operations for the expected launch date as a result of the Company’s limited liquidity and cash balance.”

Momentus pitched itself as a “last mile delivery” service for spacecraft, targeting the market for small satellites with its orbital transfer vehicle.

Stock market value is now about $5 million

Offline TrevorMonty

Re: Momentus Space
« Reply #167 on: 01/13/2024 09:02 am »
If they go under I hope some company picks up their water SEP technology it deserves to live on.

Offline Sam Ho

  • Full Member
  • ****
  • Posts: 818
  • Liked: 582
  • Likes Given: 71
Re: Momentus Space
« Reply #168 on: 01/17/2024 10:13 pm »
They bought a little more time with $4.0M in financing:

Quote
Momentus Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 17, 2024-- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules with a single institutional investor for the purchase and sale of 3,687,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $1.085 per share, resulting in total gross proceeds of approximately $4.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor warrants to purchase up to an aggregate of 3,687,000 shares of common stock. The warrants have an exercise price of $0.96 per share, are exercisable immediately and expire after five years.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No 333-267230) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus supplement describing the terms of the proposed offering has been filed with the SEC and is available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].

The Company also has agreed that certain existing warrants to purchase up to an aggregate of 5,808,538 shares at an exercise price of $3.862 per share have been amended so that the amended warrants will have a reduced exercise price of $0.96 per share. The warrant amendment is subject to stockholder approval, and the warrants shall expire five years from the date stockholder approval is obtained. If stockholder approval is not obtained by the date that is six months following the initial date of issuance of these warrants, then the exercise price of the warrants will automatically be reduced to the Minimum Price (as defined in Nasdaq Listing Rule 5635(d)) of the common stock on the date that is six months following the initial date of issuance of the warrants and the warrants will expire five years following the date that is six months following the initial date of issuance of the warrants.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
https://investors.momentus.space/news-releases/news-release-details/momentus-announces-closing-40-million-registered-direct-0

Offline Asteroza

  • Senior Member
  • *****
  • Posts: 2888
  • Liked: 1111
  • Likes Given: 33
Re: Momentus Space
« Reply #169 on: 01/18/2024 10:54 pm »
They bought a little more time with $4.0M in financing:

Quote
Momentus Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 17, 2024-- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules with a single institutional investor for the purchase and sale of 3,687,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $1.085 per share, resulting in total gross proceeds of approximately $4.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor warrants to purchase up to an aggregate of 3,687,000 shares of common stock. The warrants have an exercise price of $0.96 per share, are exercisable immediately and expire after five years.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No 333-267230) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus supplement describing the terms of the proposed offering has been filed with the SEC and is available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].

The Company also has agreed that certain existing warrants to purchase up to an aggregate of 5,808,538 shares at an exercise price of $3.862 per share have been amended so that the amended warrants will have a reduced exercise price of $0.96 per share. The warrant amendment is subject to stockholder approval, and the warrants shall expire five years from the date stockholder approval is obtained. If stockholder approval is not obtained by the date that is six months following the initial date of issuance of these warrants, then the exercise price of the warrants will automatically be reduced to the Minimum Price (as defined in Nasdaq Listing Rule 5635(d)) of the common stock on the date that is six months following the initial date of issuance of the warrants and the warrants will expire five years following the date that is six months following the initial date of issuance of the warrants.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
https://investors.momentus.space/news-releases/news-release-details/momentus-announces-closing-40-million-registered-direct-0

Will this be enough for the Vigoride that just got pulled to ride after all?

Offline StraumliBlight

  • Full Member
  • ****
  • Posts: 448
  • UK
  • Liked: 818
  • Likes Given: 63
Re: Momentus Space
« Reply #170 on: 04/23/2024 08:22 pm »
Momentus Receives Nasdaq Deficiency Notification Regarding Delayed Form 10-K

Quote
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it received formal notice (the “Notice”) from the Nasdaq Capital Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) its Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). The Notice has no immediate impact on the listing of the Company’s common stock on Nasdaq, and the Company’s listing remains fully effective.

The Company has 60 calendar days from the date of the Notice, or until June 17, 2024, to file the Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-K, or until October 14, 2024, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel.

The Company’s objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-K with the Commission as soon as it completes the preparation and review of its financial statements for the year ended December 31, 2023.

Offline StraumliBlight

  • Full Member
  • ****
  • Posts: 448
  • UK
  • Liked: 818
  • Likes Given: 63
Re: Momentus Space
« Reply #171 on: 06/03/2024 02:59 am »
Momentus Receives Contract from DARPA to Pave the Way for Large-Scale Space Structures

Quote
SAN JOSE, Calif.--(BUSINESS WIRE)--May 30, 2024-- Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a provider of in-space transportation services, has secured a contract from the Defense Advanced Research Projects Agency (DARPA) aimed to support the design and in-space demonstration of technologies that will enable the construction of large-scale structures in space.

The program, known as DARPA Novel Orbital and Moon Manufacturing, Materials, and Mass-efficient Design (NOM4D), focuses on developing the foundations for building robust and precise structures in space. The vision is to transport raw materials from Earth for in-orbit manufacturing. Unlike deployable structures optimized for ground tests and launch survival, these structures—such as solar arrays, antennas, and optics—will be specifically designed for the space environment. This exciting endeavor represents a significant step toward advancing Momentus’ capabilities in space construction and utilization.

Under the recently awarded “NOM4D On-Orbit Demo” program, Momentus will collaborate with other NOM4D performers to design and refine experiments that can be integrated onto the Momentus Vigoride Orbital Service Vehicle. These experiments must meet the stringent requirements for both launch and in-space operation.

The program will capitalize on Vigoride’s flexibility, payload capacity, and ease of integration. Momentus’ proprietary water-based propulsion system provides the ability to maneuver and modify orbit to meet a wide range of requirements for NOM4D. By conducting on-orbit demonstrations of the NOM4D assembly and manufacturing technologies, Momentus aims to elevate the Technology Readiness Level (TRL), thereby maturing the technology performance.

“We’re delighted by the opportunity to partner with DARPA to work at the forefront of the future in-space infrastructure economy,” said Momentus Chief Executive Officer John Rood. “Vigoride’s flexibility, payload capacity, and power make it well-suited to support the demonstration of NOM4D technologies that overcome current volume, load, and vibration constraints currently limiting the type and scale of in- space structures.”

Momentus will pioneer novel system-level application concepts to showcase the full integrated spacecraft benefits of NOM4D technologies. This exciting collaboration with DARPA positions Momentus at the forefront of the future in-space infrastructure economy.

NOM4D overview

Tags:
 

Advertisement NovaTech
Advertisement Northrop Grumman
Advertisement
Advertisement Margaritaville Beach Resort South Padre Island
Advertisement Brady Kenniston
Advertisement NextSpaceflight
Advertisement Nathan Barker Photography
0