Traveling the last mile with a Vigoride transfer vehicle can cut the cost down to $15,000 per kilo.Ĭustomers are said to be lining up, and $90 million in fully contracted orders can be seen in their glossy investor deck with names like Lockheed Martin, NASA, and. For example, transferring a satellite from a large rocket to its final destination in space using the satellite’s own propulsion system may cost $50,000 per kilo ( that’s 2.2 pounds for you Yanks). The vehicle is predicated on a patented and proprietary water plasma propulsion technology, and the value proposition is the money saved when launching satellites.

The below diagram shows how the transfer vehicle would ride on a reusable rocket like the SpaceX Falcon 9 and then deliver a customer’s satellites to the desired orbits. That’s where Momentus comes into play with their Vigoride transfer vehicle which carries a payload from the rocket and delivers it where it ultimately needs to be in space. When a rocket launches into space carrying a load of satellites, not all of them want to be delivered in the same location. About Momentus Space Stockįounded in 2017, San Francisco startup Momentus has taken in just over $33 million in funding to build a craft for last-mile delivery in space. So, let’s move on to talking about what Momentus has planned. We’ll assume that whatever happened in the courts was cleared up, as this would have surely been uncovered during Stable Road Capital’s four-month due diligence process. If it wasn’t for those people, you wouldn’t be reading this article. We have the utmost respect for people who immigrate to ‘Murica and build a life for themselves through hard work and grit. Either you chose very poor third parties to affiliate with, or you’re a poor negotiator who couldn’t manage to settle a dispute, and now the courts have to, lining the pockets of attorneys along the way. When a small scrappy company is dragged into a lawsuit that alleges criminal behavior, it tells us one of two things. We presume he is innocent of those charges, but it’s a red flag that can’t be ignored. Kokorich – among other persons and entities – is being accused of fraud. We’re not sure what happened to Astro Digital, but we did find a court case in which Mr. Kokorich then joined the founding team of Astro Digital, a startup that “launched 10 satellites, four of which we tragically lost in rocket failure.” Three years later he left for the USA, a good decision to make, considering Dauria is now in the Moscow courts and may go bankrupt, at least according to a small Russian news site.

Kokorich founded Dauria Aerospace, the first Russian private aerospace company. His experience with space ventures began in 2011 when Mr. In a blog post, Momentus founder Mikhail Kokorich talks about his past experiences of being a successful businessman in Russia, a country we visited last year to meet with some absolutely fascinating technology startups. Momentus and Mikhail Kokorichīefore we start digging into the company, we’re going to address the elephant in the room. The man behind Momentus is certainly one interesting character. For whatever reason, they’ve decided to have some talks with Momentus, a company that provides space transport services. “While our efforts to identify a target business may span many industries and regions worldwide, we intend to focus our search for prospects within the cannabis industry,” said the SPAC’s S-1 filing which goes on to talk about how helpful Stable Road Capital’s prior experience in cannabis would be in finding a deal. What does cannabis have to do with space? Not much, which is why we’re puzzled that Stable Road Acquisition Corp pivoted from cannabis to space.

Today, we’re going to look at the proposed SPAC deal between space startup Momentus and Stable Road Acquisition Corp. To make matters even worse, we now have pre-revenue companies going public through special purpose acquisition companies ( SPACs) where proper due diligence of the type found in an IPO S-1 filing document is substituted with a forward-looking glossy investor deck which is generally a copy-paste job that has the same look and feel as the rest. The same holds true for companies with no revenues today, but promises of revenues tomorrow. In other words, you need to trust someone pretty well to give them money for something sight unseen. If he does return with sub-par product, you’re not getting your money back. If he does return, you’re hoping it’s the skunk he promised, and not some Mexican brick weed. First, you need to trust that he’ll actually return with your product. Investing in a company with no revenues is like fronting some guy you don’t know 50 bones for a sack of chronic.

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