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Momentus Grants Inducement Awards to Two New Employees
Businesswire· 2025-11-07 22:00
Core Points - Momentus Inc. has granted inducement awards to two new employees as part of its 2022 Inducement Equity Plan, approved by the Compensation Committee [1][2] - The inducement awards consist of 2,000 restricted stock units (RSUs) with a four-year annual vesting schedule, contingent on the employees' continued service [2] - Momentus is a U.S. commercial space company that provides satellite buses, transportation, and in-space infrastructure services [3] Additional Developments - Momentus has entered into a partnership with DPhi Space to launch the Clustergate-2 payload aboard its Vigoride 7 orbital service vehicle [6] - The company has announced a warrant inducement transaction with an existing institutional investor, aiming for $7.0 million in gross proceeds [7] - Momentus signed a $15 million global agreement with Solstar Space to enhance low Earth orbit capabilities for various commercial and governmental needs [8]
Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 173- September 14)
Medium· 2025-09-14 13:32
Group 1: AI and Software Development - Replit, an AI software developer, raised $250 million at a $3 billion valuation, with annualized revenue increasing from $2.8 million to $150 million in less than a year [2][4] - Cognition AI raised $400 million at a $10.2 billion valuation, with annual recurring revenue climbing to $73 million from $1 million in September 2024 [27][28] - Cursor, another code-generation startup, raised $900 million at a $10 billion valuation, focusing on suggesting and completing lines of code [6] Group 2: Electric and Hybrid Technologies - Arc Boats secured a $160 million order for eight hybrid-electric tugboats, expected to reduce pollution and comply with environmental regulations [7][8][10] - The hybrid system allows for space-saving designs by eliminating large diesel engines, improving air quality around ports [10][12] Group 3: Healthcare Innovations - SafeHeal raised an additional €10 million to develop Colovac, a device aimed at transforming colorectal surgery for cancer patients [35][36] - TERN Group, a clinical AI workforce platform, raised €20 million to address healthcare workforce shortages, aiming for 60% faster hiring and 3x cost savings compared to traditional models [41][45][46] Group 4: Space and Defense - Apex, a spacecraft startup, achieved a valuation over $1 billion, with funding aimed at speeding up spacecraft production by 50% [18][19] - The demand for low-Earth orbiting satellite constellations is driven by military and geopolitical competition, particularly from the U.S., Russia, and China [22][23] Group 5: Material Discovery and AI - CuspAI secured over €85 million to revolutionize materials discovery using AI, promising to generate new candidates up to 10x faster than traditional methods [29][32] - The company combines generative AI with advanced simulations to accelerate the design of materials [32][34]