What's Going On With Momentus Stock Tuesday?

Momentus (MNTS) stock rebounded in Tuesday premarket trading, up 7.53% to $13.14, after a previous 18% decline. The company strengthened its balance sheet with $76 million in cash through capital-raising activities including a $50 million at-the-market program, $25 million private placement, and $9.6 million from warrant exercises. The company reported progress on its Vigoride 7 mission with over 30 engine burns completed and customer payload operations underway. Vigoride 8, scheduled for 2027, is fully subscribed with two NASA payloads.