Momentus Inc. (“Momentus” or the “Company”) will be re-manifesting its January 2021 mission to a subsequent launch opportunity in 2021 — this move will allow for the additional time necessary to secure FAA approval of Momentus’ payloads, including completion of a standard interagency review.
Momentus currently holds all other necessary licenses for its Vigoride vehicle.The Company has booked several additional launches with SpaceX between June and December of 2021.The Company reaffirms its expectation of 2021 revenue as detailed in its December 2020 investor presentation in conjunction with a previously announced merger agreement with Stable Road Acquisition Corp. (NASDAQ: SRAC), a special purpose acquisition company, that would result in Momentus becoming a publicly listed company.
Dr. Fred Kennedy, President of Momentus, stated, “We will continue to work with the FAA, as we have done successfully with other regulatory agencies, to obtain approval in a timely manner. We anticipate that by launching our first Vigoride vehicle on a subsequent mission, we will still achieve our revenue expectations for 2021 while delivering our customers’ payloads to orbit. Our ongoing rideshare agreement with SpaceX enhances our ability to offer our customers significantly more affordable access to space.”
“Momentus is a valued resource in our efforts to capitalize on the commercialization of space and participate in the new space economy. We remain committed to Momentus’ value-add transport and service platform,” said Grzegorz Zwolinski, CEO and Co-Founder of SatRevolution, a customer of Momentus previously scheduled on the January 2021 mission. The business combination between Momentus and Stable Road Acquisition Corp. remains on target to close in the first quarter of 2021, subject to approval of Stable Road’s and Momentus’ stockholders and other closing conditions, including a registration statement being declared effective by the Securities and Exchange Commission.
