New York, June 11, 2026, 13:48 (EDT)
- MNTS was up about 40% Thursday afternoon, trading near $16.
- The move followed a rally in space stocks, as traders looked ahead to a possible SpaceX IPO.
- Momentus said in its latest update it has around $76 million in cash and no debt. The company also pointed to its progress with the Vigoride 7 mission.
Momentus Inc. jumped Thursday as retail traders bought back into small-cap space names. MNTS traded close to $16 in early afternoon on Nasdaq, moving up from an open below $12. The stock was quoted at $16.13 at 13:39 EDT on Google Finance, up 42.24% on the day, after hitting a session high of $16.40 and a low of $11.15.
Momentus shares kept up their wild week, with trading jumping as interest in public space names stayed high. Volume hit about 14.7 million, double the 7.1 million average, according to Robinhood market data. Still, the stock traded nowhere near its 52-week high of $43.55, though it stayed above the 52-week low at $3.11.
Benzinga said Thursday afternoon the move was part of a wider “halo effect” driving gains in space stocks. According to the report, investors rotated into space-sector names ahead of an expected SpaceX IPO, and there was no new company-specific news. At publication, Benzinga put MNTS up 35.98% to $15.42. Benzinga
The sector has been getting stronger in the last few days. Reuters reported SpaceX’s IPO was nearly four times oversubscribed, according to a source. Another Reuters report pointed to strong retail demand before its planned Friday launch.
Momentus shares are trading higher, with investors looking at a new balance-sheet update out this week. The San Jose-based space infrastructure firm said June 8 it now has about $76 million in cash after recent capital-raising, and still carries no debt.
Momentus has finished using up its $50 million at-the-market program and closed a $25 million private placement on May 28. It also brought in over $9.6 million from recent warrant exercises. The company reported 16,983,959 shares outstanding as of the release, which includes 765,580 pre-funded warrants.
Momentus Inc CEO John Rood said in the update, “We were able to take decisive action to strengthen our balance sheet.” He said the company plans to target investments at growth in government and commercial space markets. Momentus Inc
Momentus in the same update said Vigoride 7, its orbital service vehicle that flew on SpaceX’s Transporter-16, is healthy and working as planned. The company said both Vigoride 7 and its payloads are performing in low Earth orbit after separating from a Falcon 9 on March 30.
Momentus said its spacecraft finished over 30 short engine burns with its in-house water-based propulsion system and has moved on to customer payload ops. The company also said Caltech’s ASTRA payload, which is supported by DARPA, has been commissioned and started its assembly mission in space.
Momentus carried out a capital raise after its May 27 private placement deal, where it lined up the sale of 2,942,000 shares or similar securities to current institutional holders. The company said at the time it expected about $25 million in gross proceeds, before fees and expenses. Funds are slated for working capital and general corporate use.
MNTS bounced on Thursday but is still swinging. Benzinga wrote in a Thursday technical note that shares are down 38.83% over the past year and still trade far from the 52-week high, even after the move.
