Vigoride 7 Hits Key Milestones: Orbit Lowering, New Hardware Tests Succeed
MNTS sits 36% above its 52-week low of $3.11 on light trading volume (0.2× avg).
Summary
Momentus' Vigoride 7 orbital service vehicle completed a series of orbit-lowering maneuvers, dropping nearly 20 km via over 50 thruster firings, and is now executing hosted payload missions for NASA, DoD, and commercial customers. Two new in-house technologies—momentum wheels and a 3D-printed titanium fuel tank—are performing well in their first flight tests, de-risking future missions. The cumulative MET thruster count now exceeds 400 operations since 2023, demonstrating system maturity. This operational progress follows the company's elimination of its going concern warning and recent capital raises, reinforcing its technical credibility. The next fully-booked mission, Vigoride 8, is slated for 2027 with NASA payloads.
At the time of this announcement, MNTS was trading at $4.23 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $78.4M. The 52-week trading range was $3.11 to $43.55. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.