NEW YORK, Jan 7, 2026, 07:50 EST — Premarket
- Shares flat premarket after a two-day surge; stock closed up 11.45% on Tuesday
- Momentus priced a $5 million private placement with one institutional investor; warrants need shareholder approval
- Company plans to flight-test a 3D-printed fuel tank built with Velo3D on its Vigoride-7 vehicle
Momentus Inc (MNTS) shares were flat in premarket trading on Wednesday after the space company said it priced a $5 million private placement and set out plans to flight-test a 3D-printed fuel tank made with Velo3D.
The back-to-back announcements put the focus on funding and hardware execution at the San Jose, California-based company, which has leaned on repeated capital raises as it works toward its next in-orbit mission.
Momentus closed up 11.45% on Tuesday after a 53.66% jump a day earlier, with the two sessions marked by wide intraday swings and heavy volume. Traders have been watching whether the stock can hold above Monday’s $8.82 close and retest Tuesday’s $10.60 high. ( Stockanalysis)
Momentus said it agreed to sell 925,926 shares and matching warrants at an effective $5.40 per share and warrant, raising about $5 million in gross proceeds. The warrants — which give investors the right to buy stock later at a set price — carry a $5.40 exercise price and become exercisable only after shareholder approval; Momentus also agreed to reprice certain October and December 2025 warrants to $5.40 from $13.74, subject to the same vote. A.G.P./Alliance Global Partners is the placement agent, and Momentus said it expects to use the proceeds for working capital and general corporate purposes and file a resale registration statement with the SEC. ( Businesswire)
In a separate release, Momentus said it developed an additively manufactured fuel tank — a metal part made by 3D printing layers — with Velo3D and plans to flight-test it on Vigoride-7. “Testing an additively manufactured fuel tank on Vigoride-7 is a major achievement,” CEO John Rood said, while Velo3D CEO Arun Jeldi said the effort showed aerospace firms can “design without compromise.” ( Businesswire)
Momentus said last month it completed environmental testing for Vigoride-7 and targets the mission to launch on SpaceX’s Transporter-16 no earlier than March 2026. “Completing thermal and vibration testing is a critical milestone for Vigoride-7,” senior vice president Tom Malko said. ( Businesswire)
But the rally brings familiar risks for a thinly traded microcap. The financing and warrant repricing hinge on shareholder approval, and the added shares and warrants could dilute existing holders, while the flight test and launch schedule carry execution risk.
