What's Going On With Momentus Shares Wednesday?
Portfolio Pulse from Dylan Berman
Momentus Inc. (NASDAQ:MNTS) shares surged after being selected by NASA for launch services under the VADR contract, allowing them to deliver various satellites to orbit.
October 09, 2024 | 2:29 pm
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Momentus Inc. shares rose significantly after being chosen by NASA to provide launch services under the VADR contract, which includes delivering satellites to various orbits.
The selection by NASA is a significant endorsement for Momentus, likely boosting investor confidence and driving the stock price up. The VADR contract provides Momentus with opportunities to deliver satellites, enhancing its business prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100