“Space is probably the most interesting and unique growth avenue in the U.S. economy.”
That’s what the chairman and CEO of a company called Stable Road (NASDAQ: SRAC) recently told CNBC.
And I couldn’t agree more.
Stable Road is a SPAC that’s soon helping the best “space tugboat” company on the market – Momentus – go public.
In short, space tugboats help move things around in space.
And Momentus is the first company in the world specializing in moving satellites.
It does that with its transfer vehicle called “Vigoride.”
Vigoride consists of a frame, engine, solar panels, avionics, and a set of satellite deployers.
It’s especially designed for satellites that hitch a ride on large rockets – like the SpaceX Falcon 9.
Momentus is already up there (in space) waiting with Vigoride to take the satellite exactly where it needs to be after the rocket drops it off.
The space industry actually calls this “ridesharing” for “last-mile shuttle services” of satellites.
In the case of SpaceX, that Falcon 9 rocket is able to land itself back on Earth to be used again for future missions.
SpaceX is clearly valued more than Santa Clara, California’s Momentus – which currently boasts a small-cap $1.2 billion valuation.
But Momentus already has a deal in place with SpaceX to help move its Starlink satellites around as needed.
Momentus aims to be cash flow positive in a few short years (by 2023), forecasting annual revenue of more than $500 million.
For that reason, I like this company a lot. It’s not too often that you find a space company that can be profitable so quickly.
And the room for growth is just about unlimited.
Momentus will trade under the ticker symbol “MNTS” when it goes public later this year.
I will keep you updated when that happens.
But in the meantime…
If you want to have a founding stake in the space revolution…
Or any of the other dozens of industries that will shape the next 20 years of humanity…
