Space stocks are suddenly back in favor, and Momentus (MNTS) is one of the names catching the lift. The trigger is the same one pushing other small space names higher: growing excitement around SpaceX’s planned initial public offering (IPO) and a new wave of attention on the broader space economy. SpaceX is reportedly targeting a valuation around $1.75 trillion, and the buzz has helped send space-related stocks sharply higher this past week.
Momentus joined the move with a huge rally on May 26. Investors are treating the SpaceX IPO like a rising tide for the entire industry, especially smaller public companies tied to launches, satellites, and orbital services.