Why Commercial Space Company Momentus' Shares Are Soaring Today?

Momentus Inc. MNTS, a prominent player in the U.S. commercial space sector, has secured another contract with C3S. The financial terms were not disclosed.

The recent agreement, slated for execution in 2025, involves transportation and orbital delivery services. 

C3S is a repeat customer for Momentus. C3S's VIREO payload was successfully launched to orbit on the Vigoride-6 mission in April 2023.

Momentus Chief Commercial Officer Chris Kinman said, "Our collaboration with C3S continues to expand with this commitment and we look forward to getting their next payloads to their orbital destination in 2025."

Price Action: MNTS shares are trading higher by 13.18% at $1.2450 on the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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