Strategic Partnership to Leverage Velo3D's New Rapid Production Solutions Offering FREMONT, Calif. , April 14, 2025 /PRNewswire/ -- Velo3D, Inc. (OTC: VLDX) – a leader in additive manufacturing (AM) technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced a five-year, $15 million master services agreement (MSA) with Momentus, Inc. (NASDAQ: MNTS).
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced the closing of its previously announced “reasonable best efforts” offering with a single institutional investor for the purchase and sale of 1,273,886 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 1,273,886 shares.
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”) a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced the pricing of its “reasonable best efforts” offering with a single institutional investor for the purchase and sale of 1,273,886 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 1,273,886 shares of common stock a.
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Aerospace & Defense Industry | Industrials Sector | Mr. John Charles Rood CEO | NASDAQ (CM) Exchange | 60879E101 Cusip |
US Country | 123 Employees | - Last Dividend | 13 Dec 2024 Last Split | 30 Dec 2019 IPO Date |
Momentus Inc., together with its subsidiaries, operates as a pioneering commercial space company. Headquartered in San Jose, California, the company focuses on providing a suite of in-space infrastructure services. These services are designed to support the burgeoning needs of satellite operators and other customers in the rapidly evolving space industry. As space activities expand beyond satellite deployment to encompass a broader range of in-orbit services and missions, Momentus Inc. aims to position itself as a key facilitator and provider of essential in-space transportation, hosted payloads, and various in-orbit services. The company’s strategic focus and innovative approach are targeted towards meeting the growing demands of commercial, governmental, and scientific entities engaged in space exploration and utilization.
Momentus Inc. offers in-space transportation services designed to move satellites and other payloads between orbits or to their designated spots in space after launch. This service is crucial for satellite operators looking to position their assets in precise orbital locations, enhancing the efficiency and reach of their satellite constellations.
The hosted payloads service provided by Momentus Inc. allows customers to place their payload or instrument on a spacecraft for a specific mission, without the need for developing and launching an independent satellite. This service significantly reduces the barrier to entry for organizations looking to conduct experiments or operate instruments in space, offering a cost-effective and timely solution.
Alongside transportation and payload hosting, Momentus Inc. extends its portfolio to include a variety of in-orbit services. These services encompass maintenance, repair, and potentially the assembly of structures in space. This offering is aimed at supporting and extending the operational lifespan of satellites and other space-based assets, thereby maximizing the return on investment for satellite operators and space mission planners.