24/7 Market News Snapshot 11 March, 2025 – Momentus Inc. Class A Common Stock (NASDAQ:MNTS)

March 11, 2025

DENVER, Colo., 11 March, 2025 (247marketnews.com) – (NASDAQ:MNTS) are discussed in this article.
Momentus Inc. is witnessing robust trading activity in pre-market sessions, with shares currently priced at $1.979, reflecting a notable increase of 9.94% from the previous close of $1.800. The trading volume has surged to 1.86 million shares, indicating heightened investor interest and favorable sentiment surrounding the company. Technical indicators suggest bullish momentum, prompting traders to monitor potential continuation patterns and resistance levels to gauge the sustainability of this upward trend.

In a significant development, Momentus has announced a strategic partnership with Solstar Space Company, aiming to revolutionize connectivity in space through innovative on-orbit communication solutions. This collaboration seeks to offer satellite operators and various mission profiles enhanced communication capabilities, enabling affordable and reliable connectivity in low-Earth orbit (LEO). Unlike traditional methods reliant on intermittent ground station access, the partnership promises consistent and seamless communication, comparable to everyday Wi-Fi services employed on Earth.

The initial demonstration of this groundbreaking technology will feature the Deke Space Communicator, specifically designed to improve on-orbit WiFi and narrowband Internet connectivity. This demonstration is scheduled for deployment during an upcoming SpaceX Transporter rideshare mission set for early 2026, highlighting the companies’ dedication to progressing in the dynamic space sector.

John Rood, CEO of Momentus, expressed enthusiasm over the partnership, emphasizing the potential to enhance operational effectiveness and mission success through persistent communication solutions. Meanwhile, Brian Barnett, CEO of Solstar, noted that this collaboration signifies a pivotal advancement in the commercial space industry, with aspirations to redefine mission communication standards. Together, Momentus and Solstar aim to advance their offerings to adapt to the increasing demands of both commercial and government entities in the space industry.

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