Momentus seeks up to $25 million as it inks deals to transport cargo beyond low Earth orbit

Just nine months after launching from Y Combinator with a new propulsion technology, Momentus has inked its first customers for its transportation technology that can take cargo beyond geostationary orbit — and ultimately to a lunar orbit.

With those customers in tow, the company is also out fundraising, looking for up to $25 million in fresh financing, according to chief executive Mikhail Kokorich.

“It’s the first low-cost transportation way to deliver a low payload from low Earth...

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