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SAN JOSE, Calif. - Momentus Inc. (NASDAQ: MNTS), a prominent U.S. commercial space company with a market capitalization of $8.31 million, has announced a partnership with Portal Space Systems to host the first in-orbit demonstration of Portal’s advanced flight computer technology. According to InvestingPro data, the company’s stock has seen significant volatility, declining over 76% in the past year. The technology will be part of the payload on Momentus’ Vigoride 7 Orbital Service Vehicle, set for a SpaceX Transporter mission to Low Earth Orbit, with a launch window opening in February 2026.
This collaboration aims to validate Portal’s flight computer, avionics, and flight software under the challenging conditions of outer space. Jeff Thornburg, CEO and Co-Founder of Portal Space Systems, emphasized the importance of in-space validation to de-risk space systems, particularly for spacecraft that must operate autonomously in various orbital domains.
The Vigoride 7 mission will carry multiple mission-critical payloads, including those from the U.S. Defense Department and commercial customers. Momentus CEO John Rood expressed enthusiasm for supporting Portal’s technological advancements and the opportunity to demonstrate new capabilities for in-orbit assembly, rendezvous, close proximity sensing, and computing and power generation. While InvestingPro analysis shows the company’s overall financial health score as weak, analysts project revenue growth of 30% for the current year.
Momentus specializes in providing satellite solutions, in-space transportation, and orbital infrastructure services. Their offerings cater to government and commercial clients for various missions, including communications, missile tracking, and scientific endeavors.
The press release also contains forward-looking statements subject to uncertainties and risks. Momentus cautions readers not to place undue reliance on these statements, which are not guarantees of future performance and may differ materially due to factors beyond the company’s control. This announcement is based on a press release statement. For deeper insights into Momentus’s financial health and growth prospects, InvestingPro subscribers have access to over 10 additional ProTips and comprehensive financial metrics.
In other recent news, Momentus Inc. held its 2025 Annual Meeting of Stockholders, where shareholders approved several key proposals, including the election of three directors and the appointment of Frank, Rimerman + Co. LLP as the company’s independent auditor for the fiscal year 2025. Additionally, the meeting sanctioned the repricing of certain existing warrants and the issuance of Class A common stock in connection with various financial instruments. In a strategic financial maneuver, Momentus also announced changes to its convertible promissory notes with Space Infrastructures Ventures, LLC, including a new conversion price of $1.77 per share for specific notes. Furthermore, Momentus believes it has met Nasdaq’s minimum stockholders’ equity requirement through a master services agreement with Velo3D, although formal confirmation from Nasdaq is pending.
In another development, the company entered into a warrant inducement agreement, resulting in the cash exercise of existing warrants for 1,071,429 shares, raising approximately $2.07 million. This agreement also led to the issuance of new inducement warrants for up to 2,142,858 shares. A.G.P./Alliance Global Partners served as the financial advisor for this transaction. Momentus plans to use the proceeds from these financial activities for general corporate purposes and ongoing operations. The company continues to make strategic decisions to bolster its financial position and ensure compliance with Nasdaq listing standards.
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