Momentus Inc

A view from onboard the upper stage of rocket LV0009 during the company's livestream on March 15, 2022.Astra / NASASpaceflightThe space sector's on the tail end of a boom-and-bust cycle. While many companies battened down the hatches to survive, a few publicly-traded names are running on fumes.A flurry of about a dozen space companies went public over the last few years. Although each have had fairly dismal stock performances since their debuts, the majority are still moving forward and look to build momentum in the year…

An artist's rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit.MomentusSpace 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.Momentus, once valued at over $1 billion before going public via a SPAC in 2021, abandoned plans for its next mission, which was to fly satellite customers in March. The company cited its "inability to support continuing operations for the expected launch date as a…

Spire Global at the New York Stock Exchange, August 17, 2021.Source: NYSEA pair of space companies received delisting warnings on Friday, according to securities filings, as both ventures' stock prices stood below $1 a share.Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while spacecraft delivery company Momentus received a notice from the Nasdaq.Under the respective exchanges' compliance rules, the companies have 180 days, or about six months, to get their…

The company's Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022.Rocket LabThe second quarter was a mixed bag for space companies, with some firms posting steady progress while others faced setbacks.Most space stocks, many of which went public last year through SPAC deals, are struggling despite the industry's growth, off 50% or more since their market debut. The shifting market environment and climbing interest rates have hit technology and growth stocks hard, weighing on space…

Virgin Orbit's modified 747 jet "Cosmic Girl" releases the company's LauncherOne rocket for a mission on January 13, 2022.Virgin OrbitSpace companies reported results for the first quarter of the year over the past several weeks – with many CEOs complaining of supply chain disruptions pushing back hardware deliveries and launch schedules."Everyone's getting delayed. I haven't heard from a single satellite operator in the last 12 months – whether they're a new entrant, whether they're longstanding operators – everyone's…