MNTS
Back to Earth, at least a little
Momentus spent Wednesday acting like it had a booster strapped on, then Thursday started with the classic “everyone who got in early is taking a little victory lap” move. The stock was down in premarket after a 25.97% pop the day before, which is basically the market’s way of saying: nice rocket, now please re-enter the atmosphere.
Why traders got excited
The big spark wasn’t just meme-stock energy. Momentus has been drawing attention because it says it can compete for contracts tied to the Trump administration’s Golden Dome missile-defense push, a $151 billion, 10-year defense vehicle that suddenly makes a tiny space company look a lot less tiny.
Add in CEO John Rood’s shareholder letter, where the company laid out a jump to $10 million in 2026 revenue from $1.1 million in 2025, and you’ve got the kind of setup momentum traders love: a dramatic story, a massive addressable market, and enough speculative fuel to light up the chart.
The catch: this thing is stretched
Of course, the stock already ran hard enough to make your average heat map blush. With RSI deep in overbought territory and the shares far above their short-term moving averages, a pullback like this is less a plot twist and more a gravity check.
Big picture: Momentus still has the kind of defense-and-space narrative that can keep traders interested, but after a vertical move, even the bulls usually need to catch their breath.