Momentus seeks up to $25 million as it inks deals to transport cargo beyond low Earth orbit

Just nine months after launching from Y Combinator with a new propulsion technology, Momentus has inked its first customers for its transportation technology that can take cargo beyond geostationary orbit -- and ultimately to a lunar orbit. With those customers in tow, the company is also out fundraising, looking for up to $25 million in fresh financing, according to chief executive Mikhail Kokorich. "It's the first low-cost transportation way to deliver a small payload from low Earth orbit to geostationary orbit and to the Moon," says Kokorich of the company's technology.