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Momentus Stock Soars 42.3% on DARPA Contract for Space Structures

May 30, 2024, 04:35 PM

Momentus Inc. (MNTS) has seen a significant increase in its stock price, rising by 42.3% pre-market, following the announcement of a major contract with the Defense Advanced Research Projects Agency (DARPA). The contract aims to advance the development of large-scale space structures. Trading activity for MNTS has surged, with the stock's float being traded multiple times throughout the day.