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Momentus stock soars after NASA awards $5.1 million contract By Investing.com
Momentus Inc. stock jumped 10.6% after securing a $5.1 million contract from NASA, aimed at supporting weightlessness research through the Commercial Orbital System.
- On September 26, 2023, NASA awarded Momentus Inc. a $5.1 million contract to assist with the Commercial Orbital System, enhancing capabilities for weightlessness experiments.
- The contract is part of NASAs Flight Opportunities program, designed to facilitate commercial space ventures and advance technologies for future space missions.
- Momentus space, known for its innovative space transportation solutions, will leverage this contract to demonstrate the viability of its services in microgravity environments.
Why It Matters
This contract signifies NASAs commitment to fostering commercial partnerships in space exploration, promoting advancements in weightlessness research that could benefit future missions and technologies. Momentus Inc.s growing role highlights the increasing reliance on private companies for space operations.