Financial Struggles: Three Space Companies Facing Cash Shortages

On March 15, 2022, Astra / NASASpaceflight provided a view from ‍onboard the upper stage of rocket LV0009 during a livestream. The space sector is currently experiencing⁢ a boom-and-bust cycle, with several companies struggling to ‌survive. Despite the challenges, a ​dozen space companies have gone public in recent years, with most still moving⁢ forward and aiming to achieve profitability. However, three‌ companies, including‌ Momentus, are at risk of running out of cash, ‍delisting, acquisition, or⁣ bankruptcy. Momentus, a ⁢space tug operator, has already warned⁣ shareholders about its financial situation and abandoned‍ plans for its future. For more ​information, you can visit the original article on CNBC.