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SAN JOSE, Calif. - Momentus Inc. (NASDAQ:MNTS), a space technology company with a market capitalization of $19.78 million, has been awarded a $5.1 million contract by NASA’s Flight Opportunities program to support a microgravity technology demonstration, according to a press release statement. The contract value represents a significant opportunity for the company, which InvestingPro data shows is expected to grow revenue by 30.22% this fiscal year.
The contract, awarded on September 26, will utilize Momentus’ Vigoride orbital service vehicle as the platform for the Commercial Orbital System for Microgravity In-Space Crystallization (COSMIC) demonstration. The technology is designed to leverage space’s microgravity environment for crystal growth applications in pharmaceuticals, semiconductors, and advanced materials.
COSMIC, a collaborative effort between SpaceWorks Enterprises and Astral Materials, was selected in June 2025 as a winner of NASA’s TechLeap Prize’s Space Technology Payload Challenge. While in orbit, the payload will demonstrate a semiconductor manufacturing technology.
"We’re excited to play a key role in this flight test that seeks to unlock new frontiers in space-based manufacturing," said John Rood, CEO of Momentus. The company maintains impressive gross profit margins of 92.49%, though InvestingPro analysis indicates some financial health challenges ahead. InvestingPro subscribers have access to 15+ additional insights about Momentus’s financial outlook.
The COSMIC demonstration builds upon research conducted aboard the International Space Station and represents a step toward commercializing in-space production capabilities.
Momentus, a U.S. commercial space company, offers satellites, satellite components, and in-space transportation and infrastructure services. The company’s Vigoride vehicle features modular design and maneuvering capabilities suited for sustained microgravity experiments. The stock has shown recent momentum with a 17.24% return over the past week, though investors should note the company’s current ratio of 0.22 suggests tight liquidity conditions.
In other recent news, Momentus Inc. has entered into a sales agreement with A.G.P./Alliance Global Partners to offer and sell up to $7.35 million in Class A common stock. This at-the-market offering will be conducted under a registration statement filed with the SEC, allowing the company to issue shares at its discretion. Additionally, Momentus has secured $2.7 million through a warrant exercise agreement with an existing institutional investor, involving the immediate exercise of warrants at a reduced price. Shareholders have also approved several proposals, including a reverse stock split ranging from 1-for-5 to 1-for-17.85, at the 2025 Special Meeting of Stockholders. In another development, Momentus has signed a contract to demonstrate Pulsar Fusion’s Hall Effect Thruster in space, with the mission scheduled for late 2026. This initiative will test the high-efficiency thrust technology aboard Momentus’ Vigoride orbital service vehicle. These recent developments highlight Momentus’ ongoing strategic initiatives and financial maneuvers.
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