MomentusNASDAQ: MNTS

SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it received notice (the “Notice”) from the Nasdaq Capital Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed with the U.S. Securities and Exchang.

As the overall market trades just 1.5% away from its all-time high and up over 4% on the month, there has been a noticeable increase in risk appetite and speculation in small-cap penny stocks by retail investors. This surge in interest follows the meme mania experienced earlier in the month.

Momentus (NASDAQ: MNTS ) stock is rocketing higher on Thursday after the space construction company signed a new deal with the Defense Advanced Research Projects Agency (DARPA). According to a press release from the company, this deal will have it working alongside the government agency to build large-scale structures in space.

Momentus (NASDAQ: MNTS ) is trending, and its shares are up about 8% in early trading today today. The rally of MNTS stock comes after the space company nabbed a contract with NASA for flight and payload integration services.

Momentus (NASDAQ: MNTS ) stock is climbing higher on Tuesday as the commercial space company announced a new contract with NASA. This is an indefinite-delivery/indefinite-quantity (ID/IQ) base contract award from NASA.

Space company Momentus warned shareholders in a securities filing on Friday that the company is running out of money and does not have a financial lifeline.

Shares of Momentus Inc. MNTS, which provides satellite transportation and servicing, continued their rally Tuesday, rising 2.9% in premarket trades. The stock ended Friday's session up 6.7%, snapping a two-day losing streak and registering its largest single day percentage gain since Nov. 14, when it gained 10.1%.

Momentus Inc. (NASDAQ:MNTS ) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Maria Horne - Investor Relations John Rood - Chief Executive Officer & Chairman Eric Williams - Interim Chief Financial Officer Conference Call Participants Michael Mathison - Singular Research Operator Good afternoon, thank you for standing by. My name is Jane and I will be your conference operator today.

The space market has already grown to $447 billion since the start of 2023 and could grow to $1 trillion by 2030, according to figures compiled by the consulting firm McKinsey & Company. Applications, including satellite broadband, space tourism and exploration, and military and intelligence applications, are driving the rise of this novel industry.