Momentus
SpaceUSA
New to Unitard
💀 Dead / Bankrupt
Peak $1.2 BillionToday
~-96%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1.2 Billion ’21
- 💔Became a Unitard2021
- 💸Last valuationWiped out
🔥 Raised & burned
$281M
Total raised
$191K/day
Burned · 4.0y alive
Funding: SEC/BusinessWire/Tracxn
Current status
Sub-$0.05B micro-cap
The rise & fall
7 moments · 2017–2023The key moments, with employee sentiment along the way.
2017
2017
Founded to run tugs in space
Mikhail Kokorich sets up in California to sell “last-mile delivery” rides between orbits.
TechCrunch
Jan 2021
Jan 2021
National security forces the founder out
US review of the company’s Russian ownership pushes Kokorich to resign and later divest his stake.
CNBC
2021
2021
The peak: a $1.2B SPAC deal$1.2B
The Stable Road merger prices the space-tug dream at ten figures — a number the listing never lives up to.
SEC filing
Jul 2021
Jul 2021
SEC: investors were misled
Regulators charge Momentus and its SPAC over claims about its technology and national-security risks; the deal closes anyway, about $8M in penalties lighter.
SEC filing
2021
2021
Slips out of the club
Shares slide from the moment trading starts; the market reprices the tug business far below unicorn territory — eventually ~96% off the peak, a sub-$50M micro-cap.
CNBC
May 2022
May 2022
First flight, partial success
The debut Vigoride tug reaches orbit but suffers anomalies, and only some customer satellites deploy.
TechCrunch
2021–23
From the inside · Glassdoor reviews, 2021–23
Glassdoor reviews traced the decline from inside: staff said the culture flipped from beloved startup to toxic once ex-military and old-guard aerospace executives took over, with promised raises deferred even as the health plan was downgraded.
$1.15Bof peak value erased · 4 years
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Momentus was a U.S. space-infrastructure company offering in-space transportation that went public via SPAC in 2021 at about a $1.2B valuation. National-security scrutiny, leadership changes, and operational setbacks gutted its market value, leaving it a sub-$50M micro-cap, down roughly 96% from peak.
Source: De-SPAC 2021; near-zero
Where they went
- Mikhail Kokorichfounder & original CEOCEO, Founder at Destinus
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
