Capitalism in space: Momentus, an company focused on providing tugboat services in orbit, will become a publicly traded stock in conjunction with its merger with another investment company.
In recent months, Momentus has expanded its staff and business line to include hosting payloads and capturing satellites already in orbit with a robotic arm the firm is developing with Made In Space Europe, a Redwire subsidiary.
Through the merger and public offering, Momentus hopes to obtain capital to speed up development of its family of space tugs. In addition to Vigoride, Momentus is developing Ardoride, a vehicle to move small and medium-size satellites to custom orbits, and Fevoride, a vehicle to move “dozens of tons of cargo anywhere in outer space,” according to the Momentus website.
With this deal I think there will be two new space companies traded publicly, Momentus and Virgin Galactic. Unlike Virgin Galactic, whose stock is based on smoke and mirrors, Momentus is actually providing a commercial product that fills a need in space, and sounds like a good investment.
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