Momentus (NASDAQ: MNTS) stock soared during intraday trading Thursday after the company secured a contract with Defense Advanced Research Projects Agency (DARPA).
Momentus has just received a contract from DARPA. The deal aims to support the design and in-space demonstration of technologies pivotal for building large-scale structures in space.
The program, termed the DARPA Novel Orbital and Moon Manufacturing, Materials, and Mass-efficient Design (NOM4D), focuses on pioneering the foundations for building robust and precise structures in the space environment. Unlike deployable structures optimized for ground tests and launch survival, the structures envisioned under NOM4D—such as solar arrays, antennas, and optics—are specifically designed for the space environment. Momentus sees this initiative as a significant step towards enhancing its space construction and utilization capabilities.
Under the recently awarded “NOM4D On-Orbit Demo” program, Momentus will partner with other NOM4D performers to design and refine experiments for integration onto the Momentus Vigoride Orbital Service Vehicle. These experiments must fulfill rigorous criteria for both the launch and in-space operation.
The program will capitalize on Vigoride’s flexibility, payload capacity, and ease of integration. Momentus’ proprietary water-based propulsion system allows maneuvering and modifying orbit to meet a wide range of requirements for NOM4D. By conducting on-orbit demonstrations of the NOM4D assembly and manufacturing technologies, Momentus aims to elevate the Technology Readiness Level (TRL), thereby maturing the technology’s performance.
John Rood, Chief Executive Officer of Momentus, expressed his enthusiasm for the partnership, stating,
“We’re delighted by the opportunity to partner with DARPA to work at the forefront of the future in-space infrastructure economy.”
He highlighted Vigoride’s suitability in supporting the demonstration of NOM4D technologies, citing its flexibility, payload capacity, and power, which are instrumental in overcoming existing constraints limiting the type and scale of in-space structures.
Momentus (NASDAQ: MNTS) Stock Reaction
On Thursday, MNTS stock surged 66.35%, closing at $0.8650, marking a 63.18% increase for the week. The trading volume was 135,538,272 shares, significantly higher than the average daily volume of 3.23 million.
