Momentus Inc. IPO
Momentus is a commercial space company that provides in-space transportation services, including satellite deployment and orbital transfer capabilities. The company developed the Vigoride orbital service vehicle to move satellites between orbits and provide last-mile delivery in space. Investors were attracted to its potential in the emerging space logistics market.
Key Facts
| Industry | Space Technology |
| Founded | 2017 |
| Headquarters | San Jose, CA |
| Employees | ~150 |
| Website | momentus.space |
| Funding | Public via SPAC merger in 2021 |
About Momentus Inc.
Momentus operates as a space infrastructure services company focused on in-space transportation and satellite servicing. The company develops Vigoride orbital transfer vehicles that can deploy satellites to precise orbits and provide last-mile delivery services in space. Momentus went public through a SPAC merger in 2021 but has faced significant regulatory challenges from the Committee on Foreign Investment in the United States (CFIUS) due to its Russian-born founder's background. The company has had to restructure its operations and leadership to address national security concerns while working to commercialize its proprietary water-based propulsion technology. Despite these challenges, Momentus represents an important player in the growing orbital services market.
IPO Status
Momentus went public in February 2021 through a SPAC merger with Stable Road Acquisition Corp, trading on NASDAQ under the ticker MNTS. The deal initially valued the company at $1.2 billion, but the process was delayed due to regulatory concerns from the Committee on Foreign Investment in the United States (CFIUS) regarding the company's Russian-born founder. The company has faced significant operational and financial challenges since going public, including delays in obtaining launch licenses and technical setbacks with its Vigoride vehicles. The stock price has declined substantially from its initial levels as the company has struggled to execute on its business plan and achieve commercial operations.
Competitors
Frequently Asked Questions
Does Momentus Inc. have a stock?
Yes, Momentus completed its IPO in February 2021 through a SPAC merger with Stable Road Acquisition Corp. The company trades on NASDAQ under the ticker MNTS.
When is the Momentus Inc. IPO date?
Momentus already went public on February 17, 2021, via a SPAC transaction. There is no upcoming IPO date as the company is already publicly traded.
How can I buy Momentus Inc. stock?
You can buy Momentus stock through any brokerage account that provides access to NASDAQ-listed stocks. The company trades under the ticker symbol MNTS.
Don't Miss the Next Big IPO
Get notified when the next major company files for an IPO. Daily alerts delivered to your inbox.
Get IPO Alerts