Momentus Shares Surge on $15M Deal with Solstar Space
The value of the new agreement nearly equals the entire market capitalization of the in-space infrastructure company.
Momentus Inc. (NASDAQ: MNTS) saw its stock surge after announcing a landmark $15 million global services agreement with Solstar Space, a deal poised to reshape the financial trajectory of the commercial space firm.
The announced value of the partnership is highly material for Momentus, representing a figure nearly equivalent to its entire market capitalization of approximately $16.7 million and more than 16 times its trailing twelve-month revenue. This significant contract signals a major validation of the company's technology and business model in the competitive space sector.
The will see the two companies leverage their respective capabilities to enhance operations in low Earth orbit (LEO). Momentus will provide in-space logistics, including launch services and payload deployment from its orbital service vehicles. In return, Solstar Space will offer its advanced space-based communications products and services, creating a comprehensive offering for commercial and government clients.
This collaboration aims to address the growing demand for reliable in-space connectivity, which is critical for a range of applications. According to the announcement, these include national security missions, in-space assembly and manufacturing (ISAM), and complex rendezvous and docking operations. The partnership builds on a previously planned joint mission for early 2026 to demonstrate persistent Wi-Fi and intelligent relay communications in space.
For Momentus, this agreement provides a substantial and predictable revenue stream, a crucial step for a company in the capital-intensive space industry. The deal not only boosts its financial standing but also strategically positions it as a key player in the evolving in-space economy. The integration of Solstar's communication systems aboard is expected to create a powerful and versatile platform, enhancing service offerings for future clients and solidifying the company's role in building a robust infrastructure in orbit.