Momentus shares are trading higher after the company announced it entered into a collaboration agreement with Lodestar Space to intergrade a robotic arm onto the Momentus Vigoride orbital service vehicle. Also, the company was selected by the DARPA strategic technology office to become a member of the BRIDGES consortium.
Portfolio Pulse from Benzinga Newsdesk
Momentus shares rise as the company announces a collaboration with Lodestar Space to integrate a robotic arm onto its Vigoride vehicle and joins DARPA's BRIDGES consortium.
September 13, 2024 | 12:46 pm
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Momentus shares are trading higher following a collaboration with Lodestar Space to integrate a robotic arm onto its Vigoride vehicle and its selection by DARPA to join the BRIDGES consortium.
The collaboration with Lodestar Space and the selection by DARPA are significant developments for Momentus, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100