While SpaceX itself is privately-held and has no shares available for any intrepid investor or ETF to acquire on the market, there are several other companies that are on their radars. This strong performance means that investors are now whipping out their chequebooks to snap up shares in space companies that could find their way into Woods’ new ARK Space Exploration ETF. Wood clearly has her fingers on the technology pulse if her flagship ARK Innovation ETF near 150 per cent gain last year on the back of its biggest component, Tesla, rising more than 740 per cent, is any indicator. Recent customer agreements have been made with Telesat, mu Space, and Spaceflight Industries, with a projection for Relativity to ‘enter commercial service in 2021.’ They are backed by investors to include Playground Global, Y Combinator, Social Capital, Phillip Spector formerly of Intelsat, and Mark Cuban.Interest in space stocks – companies with products that are literally out of this world – has been growing steadily thanks in no small part to the success of Elon Musk’s SpaceX and now exchange-traded fund (ETF) investment in these pioneering plays is poised to explode.Īnd the fingers are pointed at well-known disruptive technology portfolio manager and Tesla believer Cathie Wood, who is now planning to launch a new space focused ETF. They have increased infrastructure significantly, grown from 14 to 105 customers, and are also the first company to secure several extremely important launch sites. The Relativity team also plans to continue client expansion of satellite and other commercial companies, and government payloads. “This partnership will enable us to build the space economy faster and accelerate the future of humanity in space.” “With Momentus’ innovations in sustainable in-space ‘last mile’ solutions, we look forward to working together to expand Terran 1’s flexibility and offering beyond LEO, offering small and medium satellite launch opportunities with industry-defining lead time, flexibility, and cost,” said Tim Ellis, CEO and Cofounder of Relativity. “Relativity’s advances in rocket manufacturing and launch combined with our proprietary orbital shuttle capabilities opens new opportunities for microsatellite revolution beyond low Earth orbit.”Ī rocket like the Terran 1 model is built in under 60 days, and ready to launch at that time, featuring a 1250kg payload capacity. “We are excited to announce an LSA partnership with Relativity for launch and shuttle services for small satellites to geosynchronous orbit (GEO), and to provide annual rideshare flights to GEO for satellites from 10kg up to 350kg,” said Mikhail Kokorich, CEO of Momentus.
This brings them to an overall funding total of $34 million, leaving the Momentus team to continue forward as innovators and true pioneers in space transportation.
#SPACE PIONEER MOMENTUS STOCK SERIES#
“By combining Momentus’ innovative and sustainable in-space shuttle service capabilities with Relativity’s groundbreaking, autonomous 3D printing rocket factory, the companies will provide greater access, schedule flexibility, reliability, and lower cost, transforming the satellite launch market in LEO and beyond.”Īs graduates of the Y Combinator accelerator program, both companies share a similar vision for ‘building the future of humanity in space.’ This goal may seem ambitious, but they are well-funded so far as Momentus just completed a round of Series A financing. “Along with the company’s accelerating leadership in launching medium payload class satellite constellations, this Launch Services Agreement with Momentus positions Relativity to launch a significant segment of the small satellite and microsat market,” states a recent press release sent to.
The Terran is unique, qualifying as the only completely 3D printed rocket. The Santa Clara, CA-based supplier of in-space shuttle services for moving satellites between orbits will now use Relativity’s Terran 1 rocket to launch both small and medium-sized satellites. Now, they have announced a partnership with Momentus, in the form of a Launch Services Agreement (LSA). Relativity Space, headquartered in Los Angeles, continues to forge ahead within the 3D printing and additive manufacturing realm-but even more so, within the aerospace industry.
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