What's Going On With Momentus Shares Wednesday?

Momentus Inc. MNTS shares are moving higher on Wednesday after the company announced it was selected by NASA to provide launch services for future missions.

What To Know: NASA selected Momentus to provide these services through its Venture-Class Acquisition of Dedicated and Rideshare (VADR) contract. Under this agreement, Momentus will have the opportunity to deliver satellites, including Class D, CubeSats and higher risk-tolerant payloads, to a variety of orbits.

“We’re delighted to be part of the VADR program and to have been selected by NASA to be among its suppliers for the missions under this program,” said Momentus CEO John Rood.

How To Buy Momentus Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Momentus MNTS's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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MNTS Price Action: At the time of writing, Momentus shares are trading 74.5% higher at 72 cents, according to data from Benzinga Pro.

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