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Momentus Awarded $5.1M Contract From NASA for Mission to Support Production of Advanced Materials in Space

1. Momentus Inc. awarded a $5.1M NASA contract for COSMIC demonstration. 2. COSMIC aims to leverage microgravity for advanced crystallization technology.

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$1.710/09 08:50 AM EDTEvent Start
$1.560110/09 01:33 PM EDTLatest Updated
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FAQ

Why Bullish?

The $5.1 million contract emphasizes MNTS's position in the growing space industry. Historical contracts with NASA often precede positive market reactions for similar firms.

How important is it?

The contract reflects strong governmental support for MNTS, boosting growth potential. This support is likely to resonate positively in investor sentiment.

Why Short Term?

Immediate funding from NASA can enhance MNTS's visibility and credibility. Quick project milestones may attract investor interest soon.

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SPCEPLAERASTR
SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS), a U.S. commercial space company offering satellites, satellite components, and in-space transportation and services, announced today that it was awarded a $5.1 million contract on September 26 by NASA's Flight Opportunities program to support the Commercial Orbital System for Microgravity In-Space Crystallization (COSMIC) demonstration, a pioneering technology designed to leverage the microgravity environment of space to advance c.

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