Momentus Inc is trading at $13.00 (+6.38%) in pre-market after the company announced significant balance sheet improvements and progress on its current space mission.
- On June 8, Momentus announced it had raised approximately $84.6 million and now has $76 million in cash on hand with zero debt. [8, 10]
- The company also reported successful progress on its Vigoride 7 Orbital Service Vehicle mission, which has transitioned into hosted payload operations for customers. [10, 14]
- The stock is seeing renewed interest following a volatile period, with the positive company-specific news coinciding with a broader rebound in technology stocks. [2, 3, 11]