Momentus Inc
❌ DelistedTrust Size
$300M
Peak Price
$27.50
Current Price
$0.00
Return
-100.0%
Peak Market Cap
$2.8B
What Happened
Space tug company whose Russian-born founder was forced out by US national security concerns. SEC fined Stable Road $8M for misleading investors. Delisted 2024.
Momentus merged with Stable Road Acquisition Corp in August 2021 after a heavily scrutinized process. The company was building "space tugs" to ferry satellites to precise orbits. But founder Mikhail Kokorich, a Russian national, was forced out by CFIUS (national security review) before the merger closed. The SEC fined Stable Road $8M and Momentus $7M for misleading investors about the technology readiness and the national security issues. The company never gained commercial traction and was delisted in 2024.
Projections vs. Reality
Projected Revenue
$200M
What they told investors
Actual Revenue
$1M
What actually happened
Hype-to-Reality Ratio: 1.0x
Key People
Mikhail Kokorich
Founder
Russian-born, forced out by CFIUS national security review
Brian Kabot
SPAC Sponsor (Stable Road)
Fined $8M by SEC for misleading investors
Timeline
2020-10
SPAC merger announced
2021-03
CFIUS forces founder out
2021-08
Merger completed after delays
2022-07
SEC fines Stable Road $8M, Momentus $7M
2024-06
Delisted from NASDAQ
🔀 Reverse Stock Split
Reverse split ratio: 1:50. Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.
⚖️ Legal Actions
• SEC enforcement action or investigation
• Class action lawsuit filed by shareholders
📄 SEC Filings
View all EDGAR filings for Momentus Inc
Risk Scores
Dilution Score
78/100
Insider Profit Index
68/100
Hype-to-Reality Ratio
1.0x
Projected ÷ actual revenue