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SAN JOSE - Momentus Inc. (NASDAQ:MNTS), a space technology company with a market capitalization of $19.78 million, has secured a $2.5 million contract from NASA’s Armstrong Flight Research Center to demonstrate a Rotating Detonation Rocket Engine (RDRE) in orbit, the company announced Tuesday. According to InvestingPro data, analysts anticipate 30.22% revenue growth for the company this year.
The contract, awarded on September 29, 2025, is part of NASA’s Space Technology Payload Challenge, the fourth installment of its TechLeap Prize initiative. Under the agreement, Momentus will provide its Vigoride satellite platform to test Juno Propulsion’s RDRE thruster technology in space. The company maintains impressive gross profit margins of 92.49%, though InvestingPro analysis reveals several additional financial metrics and insights available to subscribers.
The RDRE thruster uses non-toxic, storable propellants—nitrous oxide and ethane—which are safer to handle than conventional hydrazine fuels. The engine employs detonation waves to combust propellants more efficiently, potentially achieving higher specific impulse than traditional rocket engines.
"We’re proud to be selected by NASA to perform this key mission to advance the development of transformative space technologies," said John Rood, CEO of Momentus.
This marks the sixth NASA contract awarded to Momentus in recent months. The company is also executing contracts for U.S. Defense Department organizations including the Defense Advanced Research Projects Agency (DARPA) and Air Force Research Labs’ SpaceWERX.
Momentus, a U.S. commercial space company listed on the Nasdaq, offers satellites, satellite components, and in-space transportation and infrastructure services. The company provides support for government and commercial customers for various missions including communications, missile tracking, and science missions. While the stock has shown strong recent momentum with a 17.24% return over the past week, investors should note its current ratio of 0.22 indicates potential liquidity challenges. For comprehensive financial analysis and real-time insights, visit InvestingPro, which offers over 15 additional key insights about Momentus.
The demonstration will be conducted during Momentus’ fifth Vigoride mission, according to the company’s press release statement.
In other recent news, Momentus Inc. has been awarded a $5.1 million contract by NASA’s Flight Opportunities program to support a microgravity technology demonstration. This contract will utilize Momentus’ Vigoride orbital service vehicle for the COSMIC demonstration, focusing on crystal growth applications in various industries. Additionally, Momentus 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 through an at-the-market offering. The agreement allows the company to issue shares at its discretion, as detailed in a recent SEC filing.
Moreover, Momentus has signed a contract to demonstrate Pulsar Fusion’s Hall Effect Thruster technology in orbit, scheduled for a late 2026 launch aboard the Vigoride vehicle. In another development, Momentus shareholders have approved a reverse stock split of its Class A common stock, with the split ratio ranging from 1-for-5 to 1-for-17.85. The proposal received significant support during the company’s 2025 Special Meeting of Stockholders. These recent developments highlight Momentus’ ongoing efforts to expand its capabilities and financial strategies.
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