Momentus to Deliver Nine Satellites to Orbit for Apogeo Space Internet of Things Constellation
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. (NASDAQ:MNTS) has signed an agreement with Apogeo Space to provide orbital transportation services for nine satellites, part of Apogeo's planned 100-satellite IoT constellation. The constellation is scheduled to enter service by the second half of 2023.
June 05, 2023 | 10:49 am
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Momentus Inc. signed an agreement with Apogeo Space to provide orbital transportation services for nine satellites, part of Apogeo's planned IoT constellation.
The agreement with Apogeo Space is a positive development for Momentus Inc., as it showcases the company's capabilities in orbital transportation services and expands its customer base. This partnership could lead to further opportunities and revenue growth for Momentus, positively impacting its stock price in the short term.
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