By Chris Wack
Momentus shares were up 12% to $5.43 after the company signed a contract with SatRev for transportation and orbital delivery services in 2024.
The stock closed Monday’s session up 56%, but is down 91% in the past 12 months.
The U.S. commercial space company said SatRev is a Polish company that specializes in building small, lightweight nanosatellites.
SatRev has contracted to fly its SOWA-1 payload with Momentus in the first quarter of next year.
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