SCOUT Awarded SBIR Grant from NASA for Development of Autonomous Relative Navigation Systems

SCOUT Awarded SBIR Grant from NASA for Development of Autonomous Relative Navigation Systems for Rendezvous, Proximity Operations, and Docking

ALEXANDRIA, VIRGINIA, UNITED STATES, May 31, 2022 (SCOUT PR) — SCOUT Inc., a space tech company developing autonomous proximity operations and spacecraft awareness service, today announced its selection for a NASA SBIR award to make relative navigation more resilient and enable more autonomous rendezvous, proximity operations, and docking. This effort is expected to yield advancements in autonomy and resilience across a wide range of NASA applications which often require exhaustive pre-planning and manual operations of multi-satellite systems.

SCOUT’s fault-tolerant and robust 6-degree-of-freedom finite-time controllers integrate multiple control system inputs and data sources, such as SCOUT-Vision remote sensing systems, to facilitate faster, more accurate tracking performance and more efficient control energy consumption during proximity operations than conventional controller modes in the presence of real-world challenges such as actuator faults, parametric uncertainty, and unknown external disturbances.

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Momentus Reports $26.8 Million First Quarter Net Loss

SAN JOSE, Calif. (Momentus PR) — Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S.  commercial space company that plans to offer transportation and other in-space infrastructure services, today announced its financial results for the first quarter ended March 31, 2022.

“We’re excited to have seen momentum building last quarter as we move toward the first launch of our Vigoride orbital transfer vehicle to low earth orbit,” said Momentus Chief Executive John Rood. “We recently shipped the Vigoride spacecraft to Cape Canaveral, Florida for integration onto a SpaceX rocket. Cape Canaveral has been the site of so many historic firsts in space, and we’re looking forward to a historic first for our company when we put the Vigoride spacecraft in orbit for the first time.”

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Momentus Receives FCC License for First Flight

SAN JOSE, Calif. (Momentus PR) — Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, today announced that it has received a license from the Federal Communications Commission (FCC) supporting the inaugural flight of the Vigoride orbital transfer vehicle on the upcoming SpaceX Transporter-5 mission targeted for launch in May 2022.

The FCC license, issued after consultation with government agencies, authorizes Momentus to use radio frequencies to communicate with Vigoride while the spacecraft is in Low Earth Orbit.

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Momentus’ Vigoride Vehicle Completes Thermal Vacuum Testing

Vigoride (Credit: Momentus)

SAN JOSE, Calif. –- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, recently completed Thermal Vacuum Testing (TVAC) on its Vigoride vehicle in preparation for its inaugural mission.

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SCOUT Releases Autonomy Software to Enable Safer and Less Complex Space Operations

ALEXANDRIA, Va., January 26, 2022 (SCOUT PR) — SCOUT Inc. today announced its Autonomy Software offerings: computer vision and guidance software to make navigation safer and less complex for space operators. These offerings include software-hardware integration providing: next-generation AI/ML-based autonomy, hybrid data fusion from various sensors, and closed-loop optical navigation control algorithms. 

“Our first SCOUT-Vision system was launched into orbit in June 2021 and the software packages we’re offering today are due in part to the success of that mission,” said Eric Ingram, Co-founder and CEO of SCOUT. “SCOUT is working towards a future where spacecraft operations can be autonomous, and space traffic is continuously monitored from orbit. What we’re announcing today gets us a few steps further along that journey.” 

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Momentus Announces Leadership Changes

SAN JOSE, Calif. (Momentus PR) — Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, today announced that President Fred Kennedy has resigned from the Company effective January 21.

“I’ve been consistently impressed with the professionalism and capabilities of the Momentus team, especially its engineering and operations personnel,” said Momentus President Dr. Fred Kennedy. “Their commitment to the Company’s vision has been nothing short of extraordinary. While I am departing the Company and leaving the Bay Area with my family, I will be following the team’s progress and look forward to seeing them get to orbit and do some outstanding work.”

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Space SPACs Earnings Week

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)

Five space companies that went public by merging with special purpose acquisition companies (SPACs) report earnings this week.

Monday, Nov. 8

Virgin Galactic
5 p.m. EST (22:00 UTC)
https://investors.virgingalactic.com/news/news-details/2021/Virgin-Galactic-Announces-Date-of-Third-Quarter-2021-Financial-Results-and-Conference-Call/default.aspx

Tuesday, Nov. 9

Momentus
5 p.m. EST (22:00 UTC)
https://investors.momentus.space/news-releases/news-release-details/momentus-announces-date-third-quarter-2021-financial-results-and

Wednesday, Nov. 10

Redwire
8:30 a.m. EST (13:30 UTC)
https://ir.redwirespace.com/news-events/press-releases/detail/32/redwire-corporation-to-report-third-quarter-2021-results-on

Spire Global
5 p.m. EST (22:00 UTC)
https://ir.spire.com/news-events/press-releases/detail/76/spire-global-inc-schedules-third-quarter-2021-results

Thursday, Nov. 11

Astra Space
4:30 p.m. EST (21:30 UTC)
https://investor.astra.com/news-releases/news-release-details/astra-report-third-quarter-financial-results-november-11-2021

Stable Road Shareholders Approve Plan to Take Momentus Public

VENICE, Calif. (Stable Road Acquisition Corp. PR) — Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (“Stable Road”) announced today that stockholders of Stable Road approved the proposed business combination with Momentus Inc. (“Momentus”), a U.S. commercial space company that plans to offer in-space infrastructure services, at the special meeting of stockholders (the “Special Meeting”) held on August 11, 2021.

The combined company will retain the Momentus name and its securities are expected to begin trading on the NASDAQ Global Select Market under the new symbol “MNTS” for Momentus stock and “MNTSW” for Momentus warrants on August 13, 2021, following the close of the business combination, which is expected to take place on August 12, 2021.

Over 97% of the votes cast at the meeting voted to approve the business combination. Holders of approximately 55% percent of Stable Road’s issued and outstanding shares cast votes at the Special Meeting.

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SEC Announces Charges Against Momentus, Stable Road and Their CEOs for Misleading Claims in SPAC Merger

Mikhail Kokorich

WASHINGTON, D.C., July 13, 2021 (SEC PR) — The Securities and Exchange Commission today announced charges against special purpose acquisition corporation Stable Road Acquisition Company, its sponsor SRC-NI, its CEO Brian Kabot, the SPAC’s proposed merger target Momentus Inc., and Momentus’s founder and former CEO Mikhail Kokorich for misleading claims about Momentus’s technology and about national security risks associated with Kokorich. The SEC’s litigation is proceeding against Kokorich, against whom the SEC filed a complaint in the U.S. District Court for the District of Columbia. All other parties are settling with the SEC, with terms including total penalties of more than $8 million, tailored investor protection undertakings, and the SPAC sponsor’s forfeiture of founder’s shares it stands to receive if the merger, currently scheduled for August 2021, is approved.

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Stable Road Shareholders Approve Extension for Vote on Momentus Merger

SANTA CLARA, Calif. (Stable Road Acquisition Co. PR) — 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.”

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Wall Street Thinks Most SPACs are a Joke

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange after merging with a special purpose acquisition company (SPAC). (Credit Virgin Galactic)

by Douglas Messier
Managing Editor

Over at Fast Company, William D. Cohan says professional investors and financial analysts have a low opinion of the special purpose acquisition companies (SPACs), which are being used by Virgin Galactic and six other space companies to go public. (SPACs are an inside joke on Wall Street, and the joke is on you)

SPACs are investment vehicles that are already publicly traded on the stock exchange. Their goal is to acquire or merge with other companies, which then go public under their own names.

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Why Virgin Galactic Went SPAC

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)

by Douglas Messier
Managing Editor

During the SmallSat Symposium last week, Richard Branson was asked why Virgin Galactic had gone public using a special purpose acquisition company (SPAC).

“I’m impatient. The SPAC gets through all of the rigmarole of public companies. Yes, I thought, that’s great, let’s do it,” he replied.

Branson was half right. A SPAC makes it a lot easier for a company to go public. But, impatience was probably not the main reason Virgin Galactic went SPAC.

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Momentus and Qosmosys Announce First Singaporean Lunar Mission on Momentus’ Ardoride Service Vehicle

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.

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Momentus’ Russian CEO Resigns Over National Security, Foreign Ownership Concerns

Mikhail Kokorich

SANTA CLARA, Calif., January 25, 2021 (Momentus PR)–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.

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Momentus Announces Service Agreement with Qosmosys

SANTA CLARA, Calif., January 21, 2021 (Momentus PR) – Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, and Qosmosys, a new venture founded in Singapore last year, today announced a service agreement for two 3UXL protoflight cubesats in 2022, followed by two options in 2023.

“Momentus has exported the spirit of Silicon Valley to Singapore, bringing some fresh perspectives to launch services. Our Qosmosys missions demand a purposeful use of orbits, therefore, with Momentus, we clearly take significant benefits with their injection precision,” said Francois Dubrulle, founder of Qosmosys. “Moreover, Momentus offers an effective solution for Qosmosys for assured access to space, flying on a regular schedule with SpaceX, and adding extra flexibility and customization to our myriad of spacecraft to be launched.”

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