Momentus, Solstar Space Sign $15M Reciprocal Services Agreement for LEO Space Capabilities

Momentus Inc. (NASDAQ:MNTS) is one of the Reddit stocks that will go to the moon. On October 13, Momentus announced a three-year reciprocal services agreement with Solstar Space. The agreement is valued at ~$15 million and is designed to use the respective strengths of both companies to deliver comprehensive low Earth orbit/LEO space capabilities for commercial, government, and space agency requirements.

The reciprocal services include Momentus logistics, launch, payload deployment, and on-orbit services, along with Solstar’s advanced space-based communications products and services. The combined offerings from the partnership address critical gaps in space operations. Solstar provides space-based inter-satellite data relay communications, space-to-ground, and local area Wi-Fi systems and services.

Its products include the Deke Narrowband Space Communicators, Slayton Wideband Space Communicators, Space Walker Wi-Fi, and Space Airtime and Data Services. These Solstar solutions will be integrated aboard one or more Momentus Orbital Service Vehicles, which provide logistics and deployment services.

Momentus Inc. (NASDAQ:MNTS) operates as a commercial space company in the US. The company serves satellite operators.

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Disclosure: None. This article is originally published at Insider Monkey.