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A rendering of Momentus’ Vigoride in-space shuttle. Photo: Momentus Momentus has cut its valuation in half as it has gone through challenges with its special purpose acquisition company (SPAC) merger. The in-space transportation company announced June 29 that it is amending its pre-transaction valuation from $1.131 billion to $567 million. The combined company’s valuation has been revised from $1.2 billion to $700 million.  The company has dealt with national security concerns related to foreign ownership since it announced the SPAC deal in October 2020, as founding CEO Mikhail Kokorich and co-founder Lev Khasis are both Russian citizens. Kokorich stepped down in January and both co-founders have now completely divested from the company. This affected flight approval for its Vigoride orbital transfer vehicle, and the

Momentu vigorideBrian kabotLev khasisMikhail kokorichCommittee on foreign investmentUs department of defenseNational security agreementCeo acquisition corpDepartment of the treasuryUs federal aviation administrationAviation administrationForeign investmentUnited statesStable road acquisition corpபிரையன் கபோட்குழு ஆன் வெளிநாட்டு முதலீடு