Momentus Inc. operates as a commercial space company. The company offers satellites, satellite buses, and other satellite technologies; and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.

Momentus Inc.

In trading on Friday, the Global X Copper Miners ETF is outperforming other ETFs, up about 3.8% on the day. Components of that ETF showing particular strength include shares of Northern Dynasty Minerals, up about 7.2% and shares of Taseko Mines, up about 7.2% on the day.
And underperforming other ETFs today is the Procure Space ETF, down about 3.6% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Virgin Galactic Holdings, lower by about 25%, and shares of Momentus, lower by about 18.8% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Friday's ETF Movers: COPX, UFO

In trading on Tuesday, the Procure Space ETF is outperforming other ETFs, up about 7.5% on the day. Components of that ETF showing particular strength include shares of Momentus, up about 76.6% and shares of Redwire, up about 27.7% on the day.
And underperforming other ETFs today is the First Trust Natural Gas ETF, off about 2.2% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of W&T Offshore, lower by about 6.3%, and shares of Riley Exploration Permian, lower by about 5.7% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tuesday's ETF Movers: UFO, FCG

(RTTNews) - Momentus Inc. (MNTS) shares jumped 57.67%, trading at $9.05, up $3.31, following news that the company has developed an additive-manufactured fuel tank under a strategic collaboration to support future space mission needs.
The rally followed Momentus' announcement that it had successfully engineered a new fuel tank using additive manufacturing technologies, designed to enhance production efficiency and performance for spacecraft propulsion systems. The announcement included details of a strategic agreement with an advanced manufacturing partner aimed at scaling the new technology for upcoming missions.
On the day of the announcement, MNTS opened near $5.90, reached an intraday high above $9.20, and saw a low around $5.85, compared with a previous close of $5.74. The stock trades on the NYSE.
Trading volume significantly exceeded the stock's average daily volume, indicating a strong investor response to the news of the development.
Momentus' 52-week range is approximately $3.10 - $9.30, reflecting volatility tied to company milestones in its space services and technology programs.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Momentus Stock Surges 58% After Additive-Manufactured Fuel Tank Development Announcement

(RTTNews) - U.S. commercial space company Momentus Inc. (MNTS) Tuesday announced a five-year contract with the National Aeronautics and Space Administration or NASA to provide flight and payload integration services to advance technologies and procedures for operating in space.
As per the indefinite-delivery/indefinite quantity contract, Momentus will receive task or delivery orders to provide in-space transportation services, propulsion systems and orbital transfer capabilities, to facilitate the deployment of satellites, payloads, and scientific instruments.
Earlier, Momentus had won a contract worth $1,196,404 by Space Development Agency to continue development of the Vigoride Orbital Service Vehicle for Department of Defense or DoD Mission Requirements.
Currently, shares are at $0.78, up 12.69 percent from the previous close of $0.70 on a volume of 342,194 shares.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.