Momentus to Provide Delivery Service for RIDE! Space

Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with RIDE! Space for transportation and orbital delivery services in the first quarter of 2024.

RIDE! Space will be flying its Gaindesat and Djibouti payloads on a single mission.

“We are thrilled to mark this historic moment for the space sector of Africa with Momentus,” said RIDE! Space Chief Executive Officer Valentin Benoit. “Being an actor for sending the 1st Senegalese satellite and the 2nd one for Djibouti proves the objective RIDE! has given itself: make space more convenient, affordable and reliable. In this mission, Momentus plays a key role. They have also always been a trusted partner to RIDE!, responsive and ready to accommodate small sat players from our ecosystem.”

“The African Space Industry Annual Report released in August reports that the African space economy is projected to grow to more than $22 billion by 2026,” said Momentus Chief Commercial Officer Chris Kinman. “We anticipate rideshare services to be an important enabler for this growth. We’re looking forward to working with RIDE! Space as they support access to Low-Earth Orbit for new and established African customers.”

In addition to rideshare missions, Momentus offers Delta-V delivery for missions requiring precise custom orbits. The Company also provides hosted payload services and its M-1000 satellite bus for customized and dedicated missions.