News Formal

Space company Momentus looks to go public through a SPAC with near $1 billion valuation

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Space transportation company Momentus is in final talks to go public through Stable Road Capital's SPAC, a person familiar told CNBC.

Space transportation company Momentus is in final talks to go public through an acquisition by Stable Road Capital, a person familiar with the discussions told CNBC.

Momentus offers a "last mile delivery" service for spacecraft, with a transfer vehicle that helps deliver satellites from a rocket to a specific orbit.Momentus The company would go public through the special purpose acquisition company, or SPAC, through which Stable Road raised $172.5 million in November 2019. The deal values Momentus at near $1 billion, the person added.that offers a "last mile delivery" service for spacecraft.

To date Momentus has raised almost $50 million from investors including Prime Movers Lab and Y Combinator. The company has more than 60 employees, growing quickly since its founding in 2017. The market for Momentus' transfer vehicles comes into play due to the increasing popularity of small satellites, which still need a way to get from the orbit the rocket drops them off in to the spacecraft's destination orbit.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Symbol is actually $SRAC

SPACS in SPACE

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market investing, picks for $1 trillion growth of space industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Chamath Palihapitiya on why stocks are headed higher, misunderstood Tesla, bitcoin and space mining'It will push financial accessibility to the edge.' Chamath Palihapitiya discusses Bitcoin, and what could happen should chaos ensue for the cryptocurrency. Subscribe to CNBCPRO for the full interview and more by following this link Pro Bitcoin is dumb. Just like CNBC. Pro $SPY about to selloff tough ! Pro Bitcoin
Fonte: CNBC - 🏆 12. / 72 Leggi di più »