Momentus Inc. (NASDAQ: MNTS) completed thermal and vibration environmental testing for its Vigoride‑7 Orbital Service Vehicle at Experior Laboratories on December 16 2025. The campaign confirmed the spacecraft’s ability to withstand launch and space‑environment conditions, clearing a key hurdle before the vehicle’s scheduled launch on SpaceX’s Transporter‑16 mission, no earlier than March 2026.
The testing milestone is a critical step toward the first revenue‑generating launch for Momentus, a company that has reported negative earnings per share of –$6.45 and a net loss of $11.07 million in the most recent quarter. The company’s revenue has been declining year‑over‑year, and it is undergoing a 1‑for‑17.85 reverse stock split effective December 17 to meet Nasdaq’s minimum bid‑price requirement. The reverse split signals ongoing liquidity challenges, but the successful test provides a short‑term boost to investor confidence.
Investors reacted positively to the testing news, while the reverse‑split announcement had previously triggered a sharp decline. The operational achievement offered a temporary lift, but the underlying financial distress remains a concern for long‑term investors.
Tom Malko, SVP of Engineering and Operations, said the successful thermal and vibration campaigns “validate that our spacecraft can withstand the demanding conditions of launch and the space environment, giving our customers confidence in mission success.” He added that the company is focused on delivering the Vigoride‑7 launch to begin generating revenue streams for its defense, NASA, and commercial customers.
The Vigoride‑7 launch will carry payloads for the U.S. Defense Department, NASA, and commercial clients, positioning Momentus to tap into defense contracts, including the Missile Defense Agency’s SHIELD program with a potential ceiling of $151 billion. However, the company still faces a high debt‑to‑equity ratio and operating losses, and the reverse split underscores the need for capital discipline.
While the testing milestone is a positive operational development, investors will continue to monitor Momentus’s financial performance and its ability to convert the launch into revenue. The company’s guidance remains cautious, and the reverse split highlights the importance of managing cash flow and debt as the company pursues its growth strategy.
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