Momentus and Solstar partner for space Wi-Fi trial

SAN JOSE, Calif. - Momentus Inc. (NASDAQ: MNTS), a provider of in-space infrastructure services showing impressive 85% gross margins and projected sales growth, has announced a strategic partnership with Solstar Space Company, a pioneer in space-based connectivity solutions. According to InvestingPro analysis, MNTS appears undervalued despite facing operational challenges. The collaboration aims to enable on-demand Wi-Fi connectivity for spacecraft in orbit, a service that could revolutionize how satellite operators manage their fleets.

The two companies plan to demonstrate this technology in early 2026 by launching the Deke Space Communicator aboard a SpaceX Transporter rideshare mission. This device is designed to provide continuous and on-demand Wi-Fi and narrowband Internet connectivity in Low-Earth Orbit (LEO), allowing more efficient communication between space systems and their operators on Earth. With revenue growth forecast at 2.11x, InvestingPro subscribers can access 18 additional key insights about Momentus’s financial outlook and market position.

Currently, spacecraft communication is largely dependent on ground stations, which can only offer intermittent connectivity. By contrast, the new system being developed by Momentus and Solstar promises persistent, real-time communication capabilities akin to terrestrial Wi-Fi networks.

John Rood, CEO of Momentus, highlighted the partnership’s potential to blend the companies’ technological strengths, while Brian Barnett, Founder and CEO of Solstar, emphasized the growth acceleration and transformative solutions expected to emerge from this collaboration. Both companies have expressed their commitment to improving market capabilities for their commercial and government customers.

Momentus is known for its satellite buses and hosted payload services, while Solstar has been recognized for its innovative on-orbit Wi-Fi and Internet connectivity solutions. This partnership leverages the expertise of both entities to address the need for reliable and cost-effective communication with space systems across various mission types and operational orbits.

The announcement is based on a press release statement and contains forward-looking statements subject to risks and uncertainties. These include those detailed in Momentus’ filings with the Securities and Exchange Commission, which outline potential factors that could cause actual future events to differ from current expectations. Investors should note that Momentus currently operates with significant debt obligations and faces cash flow challenges, as revealed by detailed financial analysis available on InvestingPro.

In other recent news, Momentus Inc. has announced an adjustment to the conversion price of a secured convertible promissory note with Space Infrastructures Ventures, LLC. The conversion price has been reduced from $7.40712 to $2.12 per share, a move aimed at managing debt and potentially strengthening the company’s financial position. Additionally, Momentus has set the price for a $5 million stock and warrant offering, with the sale expected to close in February 2025. The offering includes shares and warrants priced at $3.925 per share and warrant, with the proceeds intended for general corporate purposes.

In a significant development, Momentus has secured an expanded contract with the Defense Advanced Research Projects Agency (DARPA) for in-orbit assembly of large structures, valued at approximately $3.5 million. This contract is part of the DARPA Novel Orbital and Moon Manufacturing, Materials, and Mass-efficient Design program. Furthermore, Momentus has been selected by the U.S. Air Force Research Labs AFWERX organization to demonstrate a new suite of low-cost multispectral sensors for in-space operations. This project underscores the company’s ongoing efforts to advance space technology and support national defense initiatives.

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