LOS ANGELES, November 23, 2020 (Relativity Space PR — Relativity Space, the first company to 3D print an entire rocket and build the largest metal 3D printers in the world, today announced it closed a $500 million Series D equity funding round.
The round was led by Tiger Global Management with participation from new investors Fidelity Management & Research Company LLC, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, and Elad Gil. Existing investors participating in the round include BOND, Tribe Capital, K5 Global, 3L, Playground Global, Mark Cuban, Spencer Rascoff, and Allen & Company LLC, among others.
SANTA CLARA, Calif, October 26, 2020 (Momentus PR) – Momentus Inc. (“Momentus” or the “Company”), a commercial space company providing in-space infrastructure services, and Gran Systems, a newspace service provider for Taiwainese and Southeast Asia, today announced a service agreement for Gran System’s 2U CubeSat NUTSAT to fly on Momentus’ December 2020 Vigoride demo mission.
SANTA CLARA, Calif., October 20th, 2020 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, and Kepler Communications Inc. (“Kepler”), developer and operator of next-gen satellite communications technologies, have signed a launch service agreement to deploy two additional satellites for Kepler’s GEN1 constellation in 2021. Momentus’ rideshare service will include launch provisions and delivery to the customer’s desired orbital altitude while maintaining the SSO inclination using Momentus’ Vigoride transfer vehicle.
Innovative silicon solution will provide significant cost and performance advantages for next-generation satellite designs
ALBUQUERQUE, N.M. (mPower Technology) — Innovative solar technology company, mPower Technology, announced that its DragonSCALES™ solar cell prototype has completed integration and testing on a Sparkwing in-orbit solar array technology demonstrator in preparation for inclusion on Momentus’ Vigoride transfer vehicle launch taking place in the fourth quarter of 2020.
BETHESDA, Md. (Lockheed Martin PR) — On Oct. 14, NASA Administrator Jim Bridenstine announced a $370 million investment with 14 U.S. partners that will demonstrate and mature space technologies to help forge a path to sustainable Artemis operations on the Moon.
As a recipient of an $89.7 million contract from this Tipping Point solicitation, Lockheed Martin will complete an in-space demonstration mission using liquid hydrogen — the most challenging of the cryogenic propellants. This allows us and our partners to test more than one dozen cryogenic fluid management technologies over the next five years.
With a critical launch attempt looming at the end of the year, Richard Branson’s Virgin Orbit is seeking up to $200 million in investment that could value the company at $1 billion, The Wall Street Journalreported.
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.”
SANTA CLARA, Calif. (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space satellite transportation and hosted payload services, today announced a launch service agreement for deploying Skykraft’s microsatellite on Vigoride’s mission in June 2021.
Skykraft’s spacecraft is a pathfinder for a future large LEO constellation, and will be deployed via a new separation ring named EOS and developed by MECANO ID under a CNES contract thanks to the partial financing of the Future Investment Plan.
SANTA CLARA, Cailf. (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space satellite transportation and infrastructure services, and ProXopS, LLC, a Texas-based systems engineering and integration company founded in 2010 with a concentration in space related technologies, announced today the execution of a launch agreement for several slots in Vigoride rideshare missions from Q4 2021 to 2023.
The agreement includes the deployment of multiple satellites for the VariSat constellation. ProXopS has partnered with Momentus to deploy up to 24 VariSat satellites in Sun Synchronous Orbit starting in Q4 2021. VariSat will enable new and extremely robust data communications protocols to worldwide users and provide a hybrid network capable of surviving nuclear attacks on current DoD satellite assets. VariSat takes advantage of the diffractive/reflective properties of some part of the radiofrequency (RF) spectrum (1.7 MHz to 30 MHz) in the ionosphere. The Earth’s ionosphere provides an “umbrella-like” ionospheric reflector that gives each satellite unprecedented over the horizon ground coverage.
SANTA CLARA, Calif,, September 28, 2020 (Momentus PR) — Momentus Inc. (the “Company”), a commercial space company offering in-space satellite transportation and infrastructure services, today announced the appointment of Jikun Kim as Chief Financial Officer, effective September 28, 2020.
Mr. Kim’s appointment comes as Momentus prepares for the first commercial launch of Vigoride, the Company’s orbital transfer vehicle designed for last mile, in-space satellite transportation services. Vigoride is scheduled to launch on a SpaceX Falcon 9 rocket in December 2020. The launch marks the first time Momentus’ vehicles will carry customers, following a successful in-space test of Momentus’ groundbreaking water propulsion technology.
SANTA CLARA, Calif. and Bangalore, India, September 22, 2020 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company providing in-space satellite transportation and infrastructure services, and Pixxel, a Bengaluru headquartered space-tech startup, today announced the execution of a service agreement for delivering Pixxel’s second smallsat to SSO orbit in December 2021 onboard a SpaceX Falcon-9 launch, as well as options to fly again in 2022.
Pixxel is building a constellation of cutting-edge earth imaging small satellites that can provide real-time remote sensing data across the world. The Momentus Shuttle Service will provide a rideshare for multiple Pixxel spacecraft to predefined orbits.
SANTA CLARA, Calif., September 22nd, 2020 (Momentus PR) – Momentus Inc. (“Momentus” or the “Company”), a commercial space company providing in-space satellite transportation and infrastructure services, and GP Advanced Projects, an Italian startup helping non-space companies to enter the space sector, today announced a launch service agreement for GP Advanced Projects FEES2 Picosatellite to fly on Vigoride’s second demo mission in April 2021.
SANTA CLARA, CA, September 16, 2020 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company providing in-space satellite transportation and infrastructure services, today announced the appointment of Dr. Fred Kennedy as President of the Company, effective September 14, 2020.
Momentus has gained significant traction since its founding in 2017, attracting dozens of customers ranging from private commercial space companies to the likes of Lockheed Martin and NASA, and penning important industry partnerships, most notably with SpaceX. Dr. Kennedy’s significant experience within the industry will help accelerate Momentus’ goal of becoming the leading transportation and infrastructure services company of the new space economy.
SANTA CLARA, Calif, September 10th, 2020 (Momentus PR) – Momentus (www.momentus.space), provider of in-space transportation services for satellites, and LunaSonde, a radar satellite remote sensing startup that provides subsurface imaging from space, today announced a launch service agreement to fly a demo Cubesat (Gossamer) to SSO orbit in Q1 2021, with further options to fly a constellation of 3U Cubesats to SSO in the future.
LunaSonde’s vision is to fundamentally change the way we see our planet and it’s resources. The company pioneered a technology that allows small satellites to essentially take an MRI scan of planet Earth. This technology combined with advanced algorithms enables direct imaging to identify valuable underground resources such as water, petroleum, and mineral deposits.
LUXEMBOURG CITY, Luxembourg, 1 September, 2020 — Made In Space Europe S.à r.l. Made In Space Europe (MIS EU), a subsidiary of Redwire, and Momentus, provider of in-space transportation services for satellites, have recently finalized a Memorandum of Understanding (MoU) to develop a cooperative robotic spaceflight mission planned for 2022.
The agreement covers mission development and validation efforts of the combined capabilities of Momentus’ Vigoride transfer vehicle and MIS EU robotic arms. A successful demonstration mission would provide flight heritage for key space commercialisation technologies.