{"success":true,"data":{"pressRelease":{"id":"57495","rtpr_id":"nBw5V5pdRa","ticker":"MNTS","exchange":"NASDAQ","all_tickers":["MNTS"],"title":"Momentus Strengthens Balance Sheet with $76 Million in Cash While Progress in Executing Current Space Mission Reinforces Long-Term Growth Strategy","author":"Business Wire","published_at":"2026-06-08T12:30:00.393Z","article_body":"Momentus Strengthens Balance Sheet with $76 Million in Cash While Progress in\nExecuting Current Space Mission Reinforces Long-Term Growth Strategy\n\nProceeds boost capital position to continue advancing satellite technology as\nwell as space logistics and infrastructure services\n\nMomentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S.\ncommercial space company specializing in satellite technology, space\ntransportation, and in-orbit services, today announced two major developments:\n\n * Execution of key capital raising activities that strengthens the Company’s\nfinancial position; and\n * Successful transition of its Vigoride 7 Orbital Service Vehicle (OSV),\nlaunched on the SpaceX Transporter-16 mission, into hosted payload mission\noperations for customers.\nCapital Raising and Strengthened Financial Position\n\n * Momentus fully utilized the remaining capacity on its $50 million\nat-the-market (ATM) program.\n * As previously reported, on May 28, 2026, Momentus completed a $25 million\nprivate placement with two large institutional investors priced at-the-market\nunder Nasdaq rules.\n * In addition, existing holders of Momentus warrants recently exercised\n1,807,938 warrants, generating gross proceeds of more than $9.6 million, and\nleaving only 501,162 unexercised warrants outstanding.\n * Following these transactions, Momentus has approximately $76 million in cash\non hand as of the date of this release, and the Company remains debt free.\n * As of the date of this release, Momentus has 16,983,959 shares outstanding,\nincluding 765,580 pre-funded warrants.\n“We have strategically executed on accelerating momentum in the space\nsector,” said John Rood, Chief Executive Officer of Momentus. “We were\nable to take decisive action to strengthen our balance sheet, which will\nprovide us the flexibility to invest strategically in growth, such as\naccelerated research and development of satellite technologies, orbital\ntransportation services, and on-orbit services. These investments will be\nfocused on accelerating the Company’s growth in the expanding government and\ncommercial space market.”\n\nVigoride 7 Mission Progress\n\n“In March, we achieved a major milestone with the launch of our Vigoride 7\nspacecraft carrying 10 payloads to low Earth orbit on the SpaceX\nTransporter-16 mission,” Rood added. “Over the next several months, we\nplan to utilize Vigoride 7 to conduct a series of in-space operations to\nsupport a suite of cutting-edge systems for our customers in U.S. Defense\nDepartment organizations, NASA, and commercial customers. We also plan to\ndemonstrate some innovative technology developed through extensive engineering\nand mission preparation by the Momentus team. We’re proud of the way\nVigoride 7 continues to operate during the mission, reaching milestones, and\nbeginning customer payload operations.”\n\nAfter launch on March 30, 2026, Vigoride 7 cleanly separated from the SpaceX\nFalcon 9 in low Earth orbit. Vigoride 7 and its payloads are healthy and\noperating as planned.\n\nFrom an initial orbit altitude of approximately 517 kilometers, the spacecraft\nexecuted a deliberate, well-controlled descent using Momentus’ proprietary\nwater-based propulsion system. The vehicle completed more than 30 short engine\nburns, with its thrusters and reaction control hardware maintaining stable\nattitude and precise orientation throughout the maneuver. This milestone of\ncompleting the planned maneuver demonstrates Vigoride 7’s on-orbit mobility,\nability to operate independently, conduct communications, and begin executing\noperation of customer payloads.\n\nThe largest hosted payload on this mission, being operated under a contract\nwith the Defense Advanced Research Projects Agency (DARPA), was produced by\nCaltech and is called ASTRA. This hosted payload was successfully commissioned\nand has started its in-space assembly mission. ASTRA has started using robotic\narms and precision mechanisms to autonomously assemble a lightweight truss\nstructure in orbit — a meaningful step toward scalable in-space structures\nto increase cost-efficiency and enable new space-based operations for\nmanufacturing, communications, and energy systems.\n\nAnother hosted payload, the innovative titanium pressure tank that Momentus\ndesigned that was manufactured using Velo3D’s advanced 3D metal printing\ntechnology, is successfully meeting its current mission objectives,\ndemonstrating stable pressure retention throughout on-orbit operations. The\npressure tank is designed to carry propellant for satellite propulsion\nsystems. The tank represents a significant step forward in the adoption of\nadditive manufacturing for mission-critical spacecraft components.\n\nSeveral other customer payloads have begun commissioning and operations, and\nthe remaining payloads are scheduled to begin operations in the coming months\nas the mission plan progresses, such as release of a NASA satellite and the\nconduct of a rendezvous and proximity operations demonstration under a\ncontract with SpaceWERX, the innovation organization of the U.S. Space Force.\n\n“Vigoride’s achievements underscore the maturity of the platform, which\ncan operate as a satellite bus or Orbital Service Vehicle to support complex\nhosted payload missions,” said Tom Malko, Momentus’ Senior Vice President\nfor Engineering and Operations. “Momentus continues to demonstrate the\ncapabilities expected of a key player in next-generation space transportation\nand services.”\n\nLooking Ahead\n\nMomentus’ upcoming Vigoride 8 mission is fully subscribed with two payloads\nfor NASA and is scheduled to fly in 2027. Capacity remains available on the\nCompany’s Vigoride 9 mission. Organizations interested in securing a payload\nslot can contact the Momentus Commercial team at sales@momentusspace.com\n(mailto:sales@momentusspace.com) .\n\nAbout Momentus\n\nMomentus is a U.S. commercial space company offering satellites, satellite\ncomponents, and in-space transportation and infrastructure services. Through\nits Vigoride orbital service vehicle, the company delivers hosted payload\nsupport, last-mile delivery, and servicing capabilities tailored to scalable\nmission architectures.\n\nForward-Looking Statements\n\nThis press release contains certain statements which may constitute\n“forward-looking statements” for purposes of the federal securities laws.\nForward-looking statements include, but are not limited to, statements\nregarding the expected filing of the Company’s Form 10-K and Form 10-Q and\nits management team’s expectations, hopes, beliefs, intentions or strategies\nregarding the future, projections, forecasts or other characterizations of\nfuture events or circumstances, including any underlying assumptions, and are\nnot guarantees of future performance. Because forward-looking statements\nrelate to the future, they are subject to inherent uncertainties, risks and\nchanges in circumstances that are difficult to predict and many of which are\noutside of Momentus’ control. Many factors could cause actual future events\nto differ materially from the forward-looking statements in this press\nrelease, including but not limited to risks and uncertainties included under\nthe heading “Risk Factors” in the Annual Report on Form 10-K filed by the\nCompany on April 9, 2025, as such factors may be updated from time to time in\nour other filings with the Commission, accessible on the Commission’s\nwebsite at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=54549071&newsitemid=20260608304770&lan=en-US&anchor=www.sec.gov&index=3&md5=a1dc54c251ba7bba44e223a0e851d818)\nand the Investor Relations section of our website at investors.momentus.space.\nForward-looking statements speak only as of the date they are made. Readers\nare cautioned not to put undue reliance on forward-looking statements, and,\nexcept as required by law, the Company assumes no obligation and does not\nintend to update or revise these forward-looking statements, whether as a\nresult of new information, future events, or otherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260608304770/en/\n(https://www.businesswire.com/news/home/20260608304770/en/)\n\nInvestors: investors@momentus.space (mailto:investors@momentus.space) \nMedia: press@momentus.space (mailto:press@momentus.space)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw5V5pdRa","title":"Momentus Strengthens Balance Sheet with $76 Million in Cash While Progress in Executing Current Space Mission Reinforces Long-Term Growth Strategy","author":"Business Wire","ticker":"MNTS","created":"2026-06-08T12:30:00.393Z","tickers":["MNTS"],"exchange":"NASDAQ","article_body":"Momentus Strengthens Balance Sheet with $76 Million in Cash While Progress in\nExecuting Current Space Mission Reinforces Long-Term Growth Strategy\n\nProceeds boost capital position to continue advancing satellite technology as\nwell as space logistics and infrastructure services\n\nMomentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S.\ncommercial space company specializing in satellite technology, space\ntransportation, and in-orbit services, today announced two major developments:\n\n * Execution of key capital raising activities that strengthens the Company’s\nfinancial position; and\n * Successful transition of its Vigoride 7 Orbital Service Vehicle (OSV),\nlaunched on the SpaceX Transporter-16 mission, into hosted payload mission\noperations for customers.\nCapital Raising and Strengthened Financial Position\n\n * Momentus fully utilized the remaining capacity on its $50 million\nat-the-market (ATM) program.\n * As previously reported, on May 28, 2026, Momentus completed a $25 million\nprivate placement with two large institutional investors priced at-the-market\nunder Nasdaq rules.\n * In addition, existing holders of Momentus warrants recently exercised\n1,807,938 warrants, generating gross proceeds of more than $9.6 million, and\nleaving only 501,162 unexercised warrants outstanding.\n * Following these transactions, Momentus has approximately $76 million in cash\non hand as of the date of this release, and the Company remains debt free.\n * As of the date of this release, Momentus has 16,983,959 shares outstanding,\nincluding 765,580 pre-funded warrants.\n“We have strategically executed on accelerating momentum in the space\nsector,” said John Rood, Chief Executive Officer of Momentus. “We were\nable to take decisive action to strengthen our balance sheet, which will\nprovide us the flexibility to invest strategically in growth, such as\naccelerated research and development of satellite technologies, orbital\ntransportation services, and on-orbit services. These investments will be\nfocused on accelerating the Company’s growth in the expanding government and\ncommercial space market.”\n\nVigoride 7 Mission Progress\n\n“In March, we achieved a major milestone with the launch of our Vigoride 7\nspacecraft carrying 10 payloads to low Earth orbit on the SpaceX\nTransporter-16 mission,” Rood added. “Over the next several months, we\nplan to utilize Vigoride 7 to conduct a series of in-space operations to\nsupport a suite of cutting-edge systems for our customers in U.S. Defense\nDepartment organizations, NASA, and commercial customers. We also plan to\ndemonstrate some innovative technology developed through extensive engineering\nand mission preparation by the Momentus team. We’re proud of the way\nVigoride 7 continues to operate during the mission, reaching milestones, and\nbeginning customer payload operations.”\n\nAfter launch on March 30, 2026, Vigoride 7 cleanly separated from the SpaceX\nFalcon 9 in low Earth orbit. Vigoride 7 and its payloads are healthy and\noperating as planned.\n\nFrom an initial orbit altitude of approximately 517 kilometers, the spacecraft\nexecuted a deliberate, well-controlled descent using Momentus’ proprietary\nwater-based propulsion system. The vehicle completed more than 30 short engine\nburns, with its thrusters and reaction control hardware maintaining stable\nattitude and precise orientation throughout the maneuver. This milestone of\ncompleting the planned maneuver demonstrates Vigoride 7’s on-orbit mobility,\nability to operate independently, conduct communications, and begin executing\noperation of customer payloads.\n\nThe largest hosted payload on this mission, being operated under a contract\nwith the Defense Advanced Research Projects Agency (DARPA), was produced by\nCaltech and is called ASTRA. This hosted payload was successfully commissioned\nand has started its in-space assembly mission. ASTRA has started using robotic\narms and precision mechanisms to autonomously assemble a lightweight truss\nstructure in orbit — a meaningful step toward scalable in-space structures\nto increase cost-efficiency and enable new space-based operations for\nmanufacturing, communications, and energy systems.\n\nAnother hosted payload, the innovative titanium pressure tank that Momentus\ndesigned that was manufactured using Velo3D’s advanced 3D metal printing\ntechnology, is successfully meeting its current mission objectives,\ndemonstrating stable pressure retention throughout on-orbit operations. The\npressure tank is designed to carry propellant for satellite propulsion\nsystems. The tank represents a significant step forward in the adoption of\nadditive manufacturing for mission-critical spacecraft components.\n\nSeveral other customer payloads have begun commissioning and operations, and\nthe remaining payloads are scheduled to begin operations in the coming months\nas the mission plan progresses, such as release of a NASA satellite and the\nconduct of a rendezvous and proximity operations demonstration under a\ncontract with SpaceWERX, the innovation organization of the U.S. Space Force.\n\n“Vigoride’s achievements underscore the maturity of the platform, which\ncan operate as a satellite bus or Orbital Service Vehicle to support complex\nhosted payload missions,” said Tom Malko, Momentus’ Senior Vice President\nfor Engineering and Operations. “Momentus continues to demonstrate the\ncapabilities expected of a key player in next-generation space transportation\nand services.”\n\nLooking Ahead\n\nMomentus’ upcoming Vigoride 8 mission is fully subscribed with two payloads\nfor NASA and is scheduled to fly in 2027. Capacity remains available on the\nCompany’s Vigoride 9 mission. Organizations interested in securing a payload\nslot can contact the Momentus Commercial team at sales@momentusspace.com\n(mailto:sales@momentusspace.com) .\n\nAbout Momentus\n\nMomentus is a U.S. commercial space company offering satellites, satellite\ncomponents, and in-space transportation and infrastructure services. Through\nits Vigoride orbital service vehicle, the company delivers hosted payload\nsupport, last-mile delivery, and servicing capabilities tailored to scalable\nmission architectures.\n\nForward-Looking Statements\n\nThis press release contains certain statements which may constitute\n“forward-looking statements” for purposes of the federal securities laws.\nForward-looking statements include, but are not limited to, statements\nregarding the expected filing of the Company’s Form 10-K and Form 10-Q and\nits management team’s expectations, hopes, beliefs, intentions or strategies\nregarding the future, projections, forecasts or other characterizations of\nfuture events or circumstances, including any underlying assumptions, and are\nnot guarantees of future performance. Because forward-looking statements\nrelate to the future, they are subject to inherent uncertainties, risks and\nchanges in circumstances that are difficult to predict and many of which are\noutside of Momentus’ control. Many factors could cause actual future events\nto differ materially from the forward-looking statements in this press\nrelease, including but not limited to risks and uncertainties included under\nthe heading “Risk Factors” in the Annual Report on Form 10-K filed by the\nCompany on April 9, 2025, as such factors may be updated from time to time in\nour other filings with the Commission, accessible on the Commission’s\nwebsite at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=54549071&newsitemid=20260608304770&lan=en-US&anchor=www.sec.gov&index=3&md5=a1dc54c251ba7bba44e223a0e851d818)\nand the Investor Relations section of our website at investors.momentus.space.\nForward-looking statements speak only as of the date they are made. Readers\nare cautioned not to put undue reliance on forward-looking statements, and,\nexcept as required by law, the Company assumes no obligation and does not\nintend to update or revise these forward-looking statements, whether as a\nresult of new information, future events, or otherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260608304770/en/\n(https://www.businesswire.com/news/home/20260608304770/en/)\n\nInvestors: investors@momentus.space (mailto:investors@momentus.space) \nMedia: press@momentus.space (mailto:press@momentus.space)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-08T12:30:00.449165898Z","server_sent_at_ms":1780921800449},"received_at":"2026-06-08T12:30:00.535Z","source_url":"https://www.businesswire.com/news/home/20260608304770/en/"},"analysis":{"id":"46923","press_release_id":"57495","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"offering","narrative":"Momentus raised approximately $35 million through a combination of ATM sales, a private placement, and warrant exercises, bringing its cash position to $76 million.\n\nThe company fully utilized its $50 million ATM program and completed a $25 million private placement with institutional investors, while also seeing nearly 1.8 million warrants exercised.\n\nOperationally, the Vigoride 7 spacecraft successfully transitioned to hosted payload operations after launching on SpaceX’s Transporter-16 mission, with key payloads from DARPA and NASA now active in orbit.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Momentus extends runway with $76M cash balance after closing ATM and private placement; Vigoride 7 mission milestones hit."},"keyFigures":{"customDimensions":{"cash_on_hand":76000000,"prefunded_warrants":765580,"shares_outstanding":16983959,"warrants_exercised":1807938,"warrants_outstanding":501162,"atm_capacity_utilized":50000000,"warrant_exercise_proceeds":9600000,"private_placement_proceeds":25000000}},"quotedText":"We have strategically executed on accelerating momentum in the space sector","namedEntities":{"people":[{"name":"John Rood","role":"Chief Executive Officer"},{"name":"Tom Malko","role":"Senior Vice President for Engineering and Operations"}],"products":["Vigoride 7","ASTRA","Vigoride 8","Vigoride 9","Transporter-16","Falcon 9"],"companies":[{"name":"Momentus Inc.","ticker":"MNTS","relationship":"filer"},{"name":"SpaceX","relationship":"launch provider"},{"name":"DARPA","relationship":"customer"},{"name":"Caltech","relationship":"payload manufacturer"},{"name":"Velo3D","relationship":"technology partner"},{"name":"NASA","relationship":"customer"},{"name":"SpaceWERX","relationship":"customer"},{"name":"U.S. Space Force","relationship":"customer"},{"name":"U.S. Defense Department","relationship":"customer"}],"dollarAmounts":[{"amount":"$76 million","context":"cash on hand"},{"amount":"$50 million","context":"ATM program capacity"},{"amount":"$25 million","context":"private placement proceeds"},{"amount":"$9.6 million","context":"warrant exercise proceeds"}]},"materialImpact":{"score":3,"reasoning":"The company raised ~$35M in new capital (ATM + private placement) and exercised warrants, bringing total cash to $76M. This extends runway and removes near-term dilution risk from the ATM program. The Vigoride 7 mission update is positive operational progress but not a binary event."},"tickerRelevance":{"others":[{"ticker":"SPCE","relevance":"launch provider (SpaceX is private, but SPCE is relevant sector peer for context if needed, though not explicitly mentioned as ticker. I will omit SPCE as it is not in text. I will list SpaceX as company but no ticker in others unless explicitly stated. The prompt says 'ticker if mentioned in article'. SpaceX ticker is not mentioned. So others array should only contain tickers mentioned. None are mentioned except MNTS."}],"primary":"MNTS"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"capital_raise_and_ops_update","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"moderate"}},"event_type":"offering","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Momentus raised approximately $35 million through a combination of ATM sales, a private placement, and warrant exercises, bringing its cash position to $76 million.\n\nThe company fully utilized its $50 million ATM program and completed a $25 million private placement with institutional investors, while also seeing nearly 1.8 million warrants exercised.\n\nOperationally, the Vigoride 7 spacecraft successfully transitioned to hosted payload operations after launching on SpaceX’s Transporter-16 mission, with key payloads from DARPA and NASA now active in orbit.","key_figures":{"customDimensions":{"cash_on_hand":76000000,"prefunded_warrants":765580,"shares_outstanding":16983959,"warrants_exercised":1807938,"warrants_outstanding":501162,"atm_capacity_utilized":50000000,"warrant_exercise_proceeds":9600000,"private_placement_proceeds":25000000}},"named_entities":{"people":[{"name":"John Rood","role":"Chief Executive Officer"},{"name":"Tom Malko","role":"Senior Vice President for Engineering and Operations"}],"products":["Vigoride 7","ASTRA","Vigoride 8","Vigoride 9","Transporter-16","Falcon 9"],"companies":[{"name":"Momentus Inc.","ticker":"MNTS","relationship":"filer"},{"name":"SpaceX","relationship":"launch provider"},{"name":"DARPA","relationship":"customer"},{"name":"Caltech","relationship":"payload manufacturer"},{"name":"Velo3D","relationship":"technology partner"},{"name":"NASA","relationship":"customer"},{"name":"SpaceWERX","relationship":"customer"},{"name":"U.S. Space Force","relationship":"customer"},{"name":"U.S. Defense Department","relationship":"customer"}],"dollarAmounts":[{"amount":"$76 million","context":"cash on hand"},{"amount":"$50 million","context":"ATM program capacity"},{"amount":"$25 million","context":"private placement proceeds"},{"amount":"$9.6 million","context":"warrant exercise proceeds"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-08T12:31:48.269Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"capital_raise_and_ops_update","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"moderate"}},"durationMs":27132,"modelName":"george-droid-qwen-72b"}}