Why Is Momentus Stock Gaining Wednesday?
Momentus (MNTS) stock rose over 6% on Wednesday following the announcement of a commercial contract with the University of Colorado Boulder's Laboratory for Atmospheric and Space Physics. The agreement covers in-orbit services for the company's Vigoride-9 Orbital Service Vehicle, with the OWLS mission scheduled to launch in 2027. The contract strengthens Momentus's hosted payload and in-orbit services business, with Vigoride-8 fully booked and Vigoride-9 still having capacity for additional customers.
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