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Momentus Signs SDA Deal, But Risks Running Out of Funds

Rachel Jewett By
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Momentus Signs SDA Deal, But Risks Running Out of Funds
A rendering of Momentus’ Vigoride in-space shuttle. Photo: Momentus

The Space Development Agency (SDA) has awarded Momentus a small business innovation research (SBIR) award to tailor its orbital service vehicle for Department of Defense needs. However, the company faces dwindling cash reserves and must raise additional capital to continue operating. Momentus, whose CEO is former senior Pentagon policy official John Rood, released its second quarter financials on Monday, marking its first $1 million quarter, with $1.7 million in revenue. This was a major jump from revenue in the same time last year of…

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