Momentus Releases Shareholder Letter, Forecasts $10 Million Revenue in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2026
0mins
Momentus announced that it has released a Letter to Shareholders from CEO John Rood, detailing the company's progress in winning new contracts, growing revenue, retiring its debt, and strengthening its balance sheet. The letter outlines key achievements across mission execution, technology development, and commercial expansion. "Our team continues to demonstrate disciplined execution," said CEO John Rood in the letter. "We remain focused on delivering for our customers, strengthening our operational foundation, and positioning Momentus for long-term growth." Highlights from the Letter to Shareholders include: Momentus launched its Vigoride 7 spacecraft to orbit on March 30, 2026 on the SpaceX Transporter 16 launch vehicle. Space Force budget increase: The FY2027 U.S. Space Force budget request of $71 billion. Momentus holds active contracts with DARPA, the U.S. Air Force Research Labs (AFRL) SpaceWERX organization, the U.S. Space Force's Space Development Agency, NASA, and the Missile Defense Agency, including the SHIELD IDIQ. Momentus forecasts revenue of $10.0 million in 2026, a 9X increase over $1.1 million in 2025, driven by milestone-based contracts with NASA and the U.S. Department of Defense. Cash on hand increased to $26.2 million as of April 23, 2026, up from $12.8 million at year-end 2025, which we estimate provides us with at least a 12-month runway. Fundamental Institutional Investor Support: On April 16, 2026, we closed a $5 million private placement of common stock priced at the market under Nasdaq rules with a fundamental institutional investor. "
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About MNTS
Momentus Inc. is a commercial space company. The Company offers satellites, satellite buses, and other satellite components, transportation and infrastructure services, including hosted payloads and other in-orbit services to help enable the commercialization of space. The Company offers satellites and satellite buses, and technology designed to meet the specific needs of government and commercial customers. It is focused on providing services including last-mile satellite transportation, payload-hosting, on-orbit satellite refueling, on-orbit inspection, on-orbit satellite maintenance, de-orbiting, debris removal, and other satellite-to-satellite service offerings. Its transportation service offering focuses on delivering its customers’ satellites to precision orbits. Its orbital service vehicles (OSVs) provide in-space services to its customers, including space transportation, payload hosting, and in-orbit servicing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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