MNTS Stock Eyes Best Month Ever After Former Astronaut Buys Shares — Traders Bet On SpaceX IPO Spillover

• Former astronaut and Momentus director Chris Hadfield bought 2,000 shares through Chris Hadfield Inc., increasing his stake to 3,500 shares.

• Momentus’ Vigoride 7 mission aboard a SpaceX launch carried 10 government and commercial payloads for NASA, DARPA, and U.S. defense-related contracts.

• The space firm forecast 2026 revenue of $10 million, up from $1.1 million last year.

Shares of Momentus, Inc. (MNTS) surged toward their best month on record as excitement over a potential SpaceX listing spilled over into smaller space stocks, while an insider purchase by former astronaut Chris Hadfield added to bullish retail sentiment.

MNTS stock more than doubled on Tuesday and has rocketed 234% so far this month. Shares are also up over 20% in overnight trading heading into Wednesday.

See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox

Chris Hadfield Buy Adds Fuel To MNTS Rally

A fresh filing late Tuesday showed that former Canadian astronaut and Momentus director Chris Hadfield bought 2,000 shares of the company through his firm, Chris Hadfield Inc., at $7.19 per share on May 21, lifting his total holdings to 3,500 shares. Hadfield, who became the first Canadian to walk in space in 2001 and later commanded the International Space Station (ISS), is also widely known for his 2013 rendition of David Bowie’s “Space Oddity” recorded aboard the ISS.

The insider buy disclosure came shortly after Momentus filed a shelf registration prospectus that would allow the company to potentially offer up to $200 million in common stock, preferred stock, debt securities, warrants, and other instruments over time.

In the filing, Momentus said the market value of its outstanding shares was $79.8 million, based on a share price of $7.63 on April 16, which the company said was its highest Nasdaq closing price over the previous 60 days.

SpaceX IPO Buzz Lifts Space Stocks

Space stocks gained traction after SpaceX formally filed IPO paperwork last week, setting the stage for one of the largest public listings on Wall Street. The Elon Musk-led company is expected to pursue a capital raise of up to $75 billion in a deal that could value the space giant at up to $2 trillion.

SpaceX operates Falcon launch systems, the Starlink satellite network, and the Starship rocket program. The company has spent over $15 billion developing Starship, its reusable heavy-lift rocket, to significantly lower launch costs and enable larger payload deployments and future deep-space missions.

A recent Starship V3 test flight last week successfully deployed modified Starlink satellites before splashing down in the Indian Ocean, although one Super Heavy booster engine shut down during ascent, and one Starship engine failed to ignite during the mission.

Story Continues

NASA, DARPA Contracts Boost MNTS Bull Case

Momentus operates in the orbital infrastructure and in-space logistics market through its Vigoride Orbital Service Vehicle platform. In March, the company announced the successful launch of its Vigoride 7 Orbital Service Vehicle aboard SpaceX’s Transporter-16 mission.

The mission carried 10 government and commercial payloads to test tech such as autonomous spacecraft maneuvering, close-range satellite operations, in-space manufacturing and assembly systems, advanced communications equipment, and onboard computing capabilities. Momentus said the activities were conducted under contracts with NASA, DARPA, SpaceWERX, and multiple U.S. Department of Defense organizations, including $4.2 million in DARPA contracts and about $1.9 million from the U.S. Space Force’s innovation arm.

The Vigoride platform can support hosted payloads, last-mile satellite transportation, orbital servicing, and future in-space infrastructure applications.

MNTS Sees Big Revenue Jump In 2026

Earlier this month, Momentus issued a shareholder letter outlining progress in contract wins, revenue growth, debt reduction, and liquidity. The company forecast $10 million in revenue this year, compared with $1.1 million last year, driven largely by milestone-based contracts from NASA and U.S. defense agencies.

Momentus also said cash on hand increased to $26.2 million as of April 23, up from $12.8 million at the end of last year, which the company said provides at least a 12-month operational runway.

How Do Retail Traders Feel About MNTS?

On Stocktwits, retail sentiment for MNTS jumped to ‘extremely bullish’ from ‘bullish’ levels a day ago, hitting its highest levels ever at 99/100, amid nearly a 4,300% surge in 24-hour message volumes.

MNTS sentiment and message volume as of May 26 | Source: Stocktwits

One user said, “SpaceX will eventually buy this company once they go public. It will be part of the space consolidation.”

Another user said, “When a global space icon and company director puts his own cash on the line right during the week of the massive SpaceX IPO filing, it sends an incredibly loud message to Wall Street. ”

MNTS stock has surged 218% so far this year, but is down 47% over the past 12 months.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read Next: Lululemon Nears Settlement With Founder Chip Wilson Over Board Control 

Deepti Sri has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.

Related: