• Momentus Inc. shares fell 5% after the company disclosed an at-the-market (ATM) equity program on June 18, 2026, to sell up to $75 million of its Class A common stock.
  • This new offering follows a period of sharp rallies driven by speculative interest in space-related stocks, with the ATM program likely contributing to dilution concerns and profit-taking.
  • The capital raise aims to provide funding for working capital and general corporate purposes, adding to the company's prior significant capital raises.