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Momentus Set to Join MSCI Global Small Cap Indexes
SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that plans to offer
About this update from Momentus Inc.
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nMomentus Inc. (NASDAQ: MNTS) (\"Momentus\" or the \"Company\"), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, today announced its common stock will be added to the MSCI Global Small Cap Indexes after market close on November 30, 2021.\n\nMSCI Global Small Cap Indexes capture small cap representation across more than 20 Developed Markets countries. With 4,419 constituents, the indexes cover approximately 14% of the free float-adjusted market capitalization in each country.\n\n\"The MSCI Small Cap Index is a benchmark for investor institutions, and we’re pleased to be included,” said Momentus Chief Executive Officer John Rood. “Momentus has taken significant steps this year toward our goal of providing the space transportation and infrastructure services that we believe will drive the growth of the space economy, and we’re looking ahead to an exciting future.”\n\nAbout Momentus\n\nMomentus is a U.S. commercial space company that plans to offer in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system that is under development. The Company anticipates flying its first Vigoride vehicle to Low Earth Orbit on a third-party launch provider as early as June 2022, subject to receipt of appropriate government licenses and availability of slots on its launch provider's manifest.\n\nForward-Looking Statements\n\nThis press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. The words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,” “could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “aim,” “strive,” “...