Momentus launches Vigoride 7 spacecraft on SpaceX mission

SAN JOSE, Calif. - Momentus Inc. (NASDAQ:MNTS) launched its Vigoride 7 Orbital Service Vehicle to low-Earth orbit on SpaceX’s Transporter-16 mission, the company said in a press release statement.

The spacecraft will conduct demonstrations of autonomous rendezvous and proximity operations, in-space assembly technologies, advanced communications systems, and onboard computing. The mission will host and operate 10 government and commercial payloads.

The company holds approximately $4.2 million in contracts with the Defense Advanced Research Projects Agency and approximately $1.9 million with SpaceWERX, the innovation arm of the U.S. Space Force. Additional agreements include partnerships with NASA’s Johnson Space Center and Armstrong Flight Research Center.Despite these contract wins, Momentus operates with a modest market capitalization of just $6.6 million and generated $1.03 million in revenue over the last twelve months. The company faces near-term financial pressures, with a current ratio of 0.41 indicating that short-term obligations exceed liquid assets. According to InvestingPro analysis, the company’s overall financial health is rated as "weak," though analysts anticipate sales growth in the current year.

"Today’s launch represents the culmination of extensive engineering, testing, and mission preparation by the Momentus team," said Chief Executive Officer John Rood. "Vigoride 7 carries one of the most diverse and technologically ambitious payload manifests we have ever flown."

The Vigoride 7 platform features over 300 kg of payload capacity and up to 3 kW of peak onboard power. The mission will be operated from Momentus’ Mission Control Center in San Jose, California.

Commercial partners on the mission include Portal, Orbit Fab, CisLunar Industries, DPhi, Scout Space, and Solstar Space.

The company stated that Vigoride 8, scheduled to launch early next year, is fully manifested with two payloads funded through the NASA Flight Opportunities Program. Momentus is integrating customers for Vigoride 9 and future missions.Investors have shown caution, with the stock trading at $3.88, near its 52-week low of $3.70, and down nearly 89% over the past year. The stock has experienced significant volatility, declining over 83% in the last six months alone. Yet InvestingPro data suggests the stock may be undervalued at current levels, with its Fair Value estimate indicating potential upside. For investors seeking undervalued opportunities in the aerospace sector, InvestingPro’s most undervalued stocks list offers comprehensive analysis alongside 13 additional ProTips for MNTS, exclusive financial health scores, and expert insights to help navigate this high-risk, high-reward space technology investment.

In other recent news, Momentus Inc. has completed its relocation to a larger facility in San Jose, California. The new 61,100-square-foot building significantly expands their clean room manufacturing space from 4,500 square feet to 16,000 square feet. Additionally, Momentus has been awarded a NASA contract for the Space Storms Solar Sail Sentinel Demonstration Study, which has been completed with a final report submitted. This study involved using Momentus’ Vigoride spacecraft to support a large solar sail, and NASA may consider further contracts for additional studies or demonstrations. Momentus has also delivered its Vigoride Orbital Service Vehicle to Vandenberg Space Force Base in preparation for a launch scheduled for March 2026 on SpaceX’s Transporter-16 mission. In financial developments, the company announced a temporary reduction in the conversion price of a convertible note held by Yield Point NY LLC, lowering it from $19.9206 to $5.28 per share. Furthermore, Momentus has entered into a Space Act Agreement with NASA to enhance in-orbit servicing capabilities, which includes delivering a NASA CubeSat to low Earth orbit. These recent developments highlight Momentus’ ongoing efforts in expanding its operational capabilities and strengthening partnerships within the aerospace sector.

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