24/7 Market News Snapshot 09 October, 2024 – Momentus Inc. Class A Common Stock (NASDAQ:MNTS)

October 9, 2024

DENVER, Colo., 09 October, 2024 (247marketnews.com) – (NASDAQ:MNTS) are discussed in this article.
Momentus Inc. (NASDAQ:MNTS) is experiencing a notable surge in its stock price, currently trading at $0.606, marking a substantial 46.02% increase from the previous close of $0.415 in pre-market trading. This uptick is accompanied by a robust volume of 6.15 million shares, indicating strong investor interest and a bullish market sentiment surrounding the company. Technical indicators suggest that the stock may continue its upward trajectory, especially if it maintains trading above key resistance levels.

In addition to this impressive market performance, Momentus has been selected by NASA to provide launch services for upcoming missions under the Venture-Class Acquisition of Dedicated and Rideshare (VADR) contract. This collaboration underscores Momentus’s commitment to facilitating access to space for various satellite deployments, including Class D satellites and CubeSats. The Vigoride spacecraft will play a pivotal role in these operations, serving as a reliable solution for transporting and supporting payloads in orbit.

John Rood, CEO of Momentus, expressed enthusiasm about the partnership, stating, “We’re delighted to be part of the VADR program and to have been selected by NASA. We take pride in our ability to provide cost-effective services for a wide range of payloads.” This strategic alliance positions Momentus as an essential player in the evolving landscape of space operations, enhancing its role in advancing innovative initiatives within the commercial space sector.

As Momentus continues to develop its capabilities in in-space transport and infrastructure, the company remains committed to delivering exceptional service and contributing to the growing ecosystem of space exploration. The convergence of strong market performance and a significant NASA contract positions Momentus for a promising future in the aerospace industry.

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