Moody’s downgrades Senegal to Caa1 amid rising debt concerns
Investing.com -- Momentus Inc. (NASDAQ:MNTS) stock surged 10.6% in premarket trading Thursday after the commercial space company secured a $5.1 million contract from NASA’s Flight Opportunities program.
The contract, awarded on September 26, involves supporting the Commercial Orbital System for Microgravity In-Space Crystallization (COSMIC) demonstration. Momentus will deploy its Vigoride orbital service vehicle to host COSMIC payloads designed to advance crystal growth for pharmaceuticals, semiconductors, and advanced materials in the microgravity environment of space.
"Momentus is proud to support NASA and the COSMIC mission with our versatile Vigoride platform," said John Rood, CEO of Momentus. "We’re excited to play a key role in this flight test that seeks to unlock new frontiers in space-based manufacturing and usher in a new era where microgravity becomes a driver of innovation and economic growth."
The COSMIC demonstration, a collaboration between SpaceWorks Enterprises and Astral Materials, was selected in June 2025 as a winner of NASA’s TechLeap Prize Space Technology Payload Challenge. While in orbit, the payload will demonstrate novel semiconductor manufacturing technology.
This contract follows another recent award from NASA’s Armstrong Flight Research Center worth $2.5 million to conduct an on-orbit demonstration of a Rotating Detonation Rocket Engine (RDRE) thruster. According to the company, this marks the sixth contract awarded to Momentus by NASA in recent months.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.