SANTA CLARA, Calif. (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, and Qosmosys, a new space venture founded in Singapore last year, announced today a service agreement to deliver two cubesats to low lunar orbit as early as 2024 via Momentus’ inaugural lunar mission.
The new contract builds and expands on the agreement announced in January 2021 for delivery of up to four cubesats in low Earth orbit by Momentus’ Vigoride service vehicle, starting in 2022. Qosmosys will expand its novel business ideas to the Moon using a specific bus named Zeus-MS, a version of its Zeus platform it has been developing in cooperation with NuSpace from Singapore, and made specific for lunar missions. Zeus-MS is the precursor to a series of multi-mission platforms that will allow organizations and businesses to host their payloads, and will offer individuals a bespoke, unprecedented line of services to the Moon on regularly scheduled flights.
New Ardoride vehicle will pave the way to regular rideshares to orbits beyond LEO
SANTA CLARA, Calif., December 01, 2020 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company providing in-space infrastructure services, signed a deal with Canadensys Aerospace Corporation to deliver a payload to low lunar orbit (LLO). Canadensys will be the first customer to book Ardoride, Momentus’ next-generation rideshare service vehicle.
Merger to create the first publicly traded space infrastructure company at the forefront of the new space economy
Momentus partners and customers include SpaceX, Lockheed Martin, and NASA
Momentus to become publicly listed through a business combination with Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW) (“Stable Road”)
Combined company will have an estimated enterprise value of approximately $1.2 billion and will become listed on Nasdaq under the ticker symbol “MNTS” following expected transaction close in early 2021
Pro forma for the transaction, Momentus will have approximately $310 million in cash on the balance sheet, to be funded by Stable Road’s $172.5 million of cash held in trust (assuming no redemptions) and $175.0 million from a fully committed common stock PIPE at $10.00 per share, including investments from private equity growth investors, family offices and select top tier public institutional investors
SANTA CLARA, CA , October 7, 2020 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW) (“Stable Road”) that will result in the Company becoming publicly listed. Upon the closing of the transaction, the combined operating company will be named Momentus Inc. and its securities will be listed on Nasdaq and trade under the ticker symbol “MNTS.”