Momentus Inc. is a space infrastructure services company that offers orbital transportation and related services, focusing on satellite deployment and space transportation solutions using proprietary propulsion technology.

# Summary of Momentus Inc.

**Company Overview:**  
Momentus Inc. is a space infrastructure services company that specializes in providing orbital transportation and related services. The company primarily focuses on delivering cost-effective and reliable space transportation solutions, leveraging proprietary propulsion technology to move satellites and other payloads to their designated orbits.

**Key Details:**  
- **Incorporation:** Delaware  
- **Principal Office:** 3901 N. First Street, San Jose, California, 95134  
- **Telephone:** (650) 564-7820  
- **Trading Symbols:**  
  - Class A common stock: MNTS (Nasdaq)  
  - Warrants: MNTSW (Nasdaq)  

**Financial Information (as of December 31, 2024):**  
- **Market Value of Voting Stock:** Approximately $22.0 million (based on a closing price of $7.93 per share)  
- **Outstanding Shares:** 4,777,866 shares of Class A common stock as of March 28, 2025  

**Corporate Status and Filings:**  
- **SEC Filings:** Filed an amended annual report (Form 10-K/A) for fiscal year ended December 31, 2024.  
- **Filing Type:** Smaller reporting company, not a large accelerated filer or emerging growth company.  
- **Auditor:** Frank, Rimerman + Co. LLP, located in San Francisco, CA.  
- **Regulatory disclosures:** Excludes certain affiliates from ownership calculations, and the company continues to update its exhibit index to include necessary consent filings.

**Operations and Business Focus:**  
- Momentus provides satellite transportation and orbital insertion services, employing innovative propulsion technology.  
- The company targets satellite operators and customers who require reliable and affordable orbital transfer services to support satellite deployment and space infrastructure.

*Note: The provided document primarily includes SEC filing information, exhibit index, and corporate details. It does not specify current customer count, employee numbers, revenue, or net income.*

Momentus Inc. is a U.S.-based commercial space company providing transportation and infrastructure services for satellite operators.

# Momentus Inc. - Company Overview

## Business Summary
Momentus Inc. is a U.S.-based commercial space company that specializes in providing a range of services and products aimed at revolutionizing the space industry. The company offers transportation and infrastructure services, including satellite launch services, satellite buses, and other satellite components. It is focused on enabling the commercialization of space by catering primarily to satellite operators.

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## Core Offerings

1. **Satellites and Satellite Buses**:
   - Momentus designs and manufactures small satellites and satellite buses tailored to meet the specific needs of government and commercial customers.
   - **Market Focus**: Defense, government, and commercial sectors including communications, tracking of missiles, remote sensing, and space domain awareness.

2. **Orbital Service Vehicles (OSVs)**:
   - The flagship vehicle, **Vigoride**, is designed for delivering small satellites to precise orbits, primarily in low Earth orbit (LEO).
   - Momentus is also developing variants of Vigoride, such as **M-500 and M-1000**, targeting constellation applications.

3. **Transportation Services**:
   - The company facilitates "last mile" satellite transportation. Momentus partners with launch service providers, like SpaceX, to deliver customer satellites to custom orbits after they have been launched.
   - Services offered include satellite deployment, hosted payloads, and satellite servicing.

4. **In-Orbit Servicing**:
   - Plans to provide capabilities for satellite refueling, on-orbit maintenance, inspection, and debris removal.
   - Aimed at allowing longer operational lives for satellites.

5. **Technology Development**:
   - Momentus is working on innovative technologies such as the **Tape Spring Solar Array (TASSA)**, which promises lower costs for power production in space and can be deployed and retracted to avoid potential collisions with debris.

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## Financial Overview

- **Employees**: Momentus employs a diverse team with significant experience in the aerospace industry, particularly from major defense and aerospace firms.
- **Revenue and Income**:
  - The company reported an operating loss of **$68.2 million** for the year ended December 31, 2023, compared to a loss of **$91.3 million** in 2022.
  - As of December 31, 2023, cash and cash equivalents totaled **$2.1 million**.
- **Customer Base**: Momentus primarily serves satellite operators, although specific details on the number of customers have not been disclosed in the provided text.

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## Key Market Characteristics

- **Growth Market**: The global space economy was valued at **$546 billion** in 2023 and is projected to grow to over **$1 trillion by 2040**.
- **Increasing Demand**: With the growing number of satellites launched annually, Momentus anticipates considerable growth in demand for its transportation services and satellite technologies.

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## Challenges and Risks

- The company operates in a highly competitive market with larger competitors having substantially more resources.
- Continuously facing risks associated with technology development, regulatory compliance, and potential delays in product rollouts.
- Recent market and operational challenges have heightened the importance of successfully executing their business plan to achieve long-term viability.

By focusing on innovative space infrastructure and services, Momentus aims to capitalize on the rapidly evolving landscape of the commercial space industry while addressing key market opportunities and challenges.

Momentus Inc.

10-K / April 9, 2025

10-K / June 6, 2024

10-K / April 9, 2025

Summary of Momentus Inc.