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SAN JOSE, Calif. - Momentus Inc. (NASDAQ:MNTS), a space infrastructure company with a current market capitalization of $6.75 million, will conduct an on-orbit demonstration of large-scale structure assembly for the Defense Advanced Research Projects Agency (DARPA) on a SpaceX Transporter rideshare mission scheduled for no earlier than February 2026.
The space infrastructure company has completed the Preliminary Design Review phase of DARPA’s Novel Orbital and Moon Manufacturing, Materials, and Mass-efficient Design (NOM4D) program and received approximately $1.2 million in milestone payments since March 2025. According to InvestingPro data, analysts anticipate a 30.22% revenue growth for the company in fiscal year 2025, though the company currently maintains a weak financial health score.
Under the contract, Momentus will provide full-service support including launch services, payload integration, and on-orbit hosting for the in-space assembly mission using its Vigoride Orbital Service Vehicle. The demonstration aims to validate the functionality, performance, and reliability of in-space assembly technology in the low Earth orbit environment.
"Cost-effective assembly of structures in space has the potential to transform how we operate in space, enabling less complex and cost-effective structures like large communications antennas," said Momentus Chief Executive Officer John Rood. Based on InvestingPro’s Fair Value analysis, the stock appears undervalued despite recent challenges, including a significant 84.62% decline in the past six months. Subscribers can access 12 additional ProTips and comprehensive financial metrics for deeper analysis.
This will be Momentus’ fourth Vigoride mission and first supporting DARPA. The company was initially awarded the NOM4D contract in April 2024, with the current phase scheduled to continue through June 2025.
During the mission, Momentus will also support additional government and commercial transportation and hosted payload customers on its Vigoride 7 vehicle. The company reports significant demand for its services and is planning its next mission, Vigoride 8.
Momentus offers satellites, satellite components, and in-space transportation and infrastructure services to government and commercial customers. Its Vigoride orbital service vehicle can deliver microsatellites up to 200 kg and provide average power up to 1kW. The company currently operates with a moderate level of debt and faces short-term liquidity challenges, with a current ratio of 0.4, according to InvestingPro analysis.
The information in this article is based on a press release statement from Momentus.
In other recent news, Momentus Inc. announced the pricing of a $4 million offering of common stock and warrants, with an expected closing around July 1, 2025. The company plans to use the proceeds for general corporate purposes, including working capital and debt repayment. Additionally, Momentus has been awarded a contract by NASA to test power processing technology for Hall Thrusters in space, with the mission set to launch no earlier than February 2026. In another collaboration, Momentus has partnered with Portal Space Systems to test advanced flight computer technology in orbit, also scheduled for launch in February 2026.
Moreover, at its 2025 Annual Meeting of Stockholders, Momentus successfully elected three directors and approved several proposals, including warrant repricing and the issuance of Class A common stock. The board also authorized a new conversion price for a portion of its convertible promissory notes with Space Infrastructures Ventures, LLC. This adjustment is part of Momentus’ strategic financial management activities. These developments reflect the company’s ongoing efforts in advancing its space technology and financial strategies.
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