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NASA has partnered up with another publicly traded company for advancing the future of space.
What’s happening:
- Momentus (NASDAQ: MNTS) has been selected by NASA to provide launch services for future missions through NASA’s Venture-Class Acquisition of Dedicated and Rideshare contract
Market reaction:
- Shares of Momentus soared on the announcement, closing up +155%
Why it matters:
- This is one of the most significant deals Momentus has ever entered into and represents important validation of their satellite bus technology and in-space transportation capabilities
Going deeper:
- Momentus has previously won deals with other government agencies, including DARPA as well as a separate contract with NASA for flight and payload integration services
- NASA has been cutting deals with multiple publicly traded companies recently, including a recent study with Rocket Lab (NASDAQ: RKLB) to bring rock samples back from Mars to Earth as well as previously announcing a mega multi billion dollar deal with Intuitive Machines (NASDAQ: LUNR) for missions to the Moon
