"Space transportation company Momentus is in final talks to go public through an acquisition by Stable Road Capital, a person familiar with the discussions told CNBC, which would value the company at near $1 billion."
"To date Momentus has raised almost $50 million from investors including Prime Movers Lab and Y Combinator. The company has more than 60 employees, growing quickly since its founding in 2017. The market for Momentus’ transfer vehicles comes into play due to the increasing popularity of small satellites, which still need a way to get from the orbit the rocket drops them off in to the spacecraft’s destination orbit. It has the first mission for its Vigoride spacecraft lined up this year, currently slated for launch on a SpaceX Falcon 9 rocket in December. "
Ticker: SRAC
Website https://momentus.space/
Submitted October 06, 2020 at 07:42PM by dvdmovie1 https://ift.tt/3iFTTgy
