The SPAC boom has reshaped the space startup sector. Until recently, there was plenty of capital flowing into startups but few exits. SPACs offer, in some sense, the best of both options: an influx of capital associated with going public, but without the overhead of a traditional IPO.
The Russian founders of in-space transportation company Momentus have placed their shares into a voting trust and will sell them in the next three years as the company attempts to address U.S. government concerns about its foreign ownership.
The founding chief executive of in-space transportation company Momentus is resigning in an effort to overcome U.S. government concerns about foreign control of the company.
A NASA small launch vehicle competition attracted bids from 10 companies, but half of them were effectively disqualified because of deficiencies or other problems.
Momentus Space announced an agreement Oct. 20 with Canada’s Kepler Communications to arrange the 2021 launch of two satellites on a SpaceX Falcon 9 rideshare flight and delivery to their desired orbital altitude in the Vigoride in-space transportation vehicle.
The merger of in-space transportation company Momentus with a special-purpose acquisition corporation (SPAC) could encourage other space startups seeking large amounts of capital to follow its lead.
In-space transportation startup Momentus Space announced plans Oct. 7 to become a publicly traded company in early 2021 through a merger with Stable Road Acquisition Corp., a special purpose acquisition company.
In-space transportation startup Momentus announced service agreements Oct. 2 with Australia’s Skykraft and French spacecraft engineering company Mecano ID.
Fred Kennedy, former Space Development Agency director, is the new president of Momentus, a Silicon Valley company preparing to transport satellites in orbit.
Made In Space Europe, a Redwire subsidiary, announced an agreement Sept. 1 with space transportation company Momentus to jointly develop a robotic spaceflight mission to launch in 2022.
USC students will build the satellites and integrate them with Lockheed Martin’s SmartSat mission payload.