Momentus Inc (MNTS), the self-proclaimed "commercial space company," has been painting a rather bleak picture in recent financial reports. The numbers tell a tale of hefty losses, dwindling cash reserves, and a market capitalization that's barely clinging to the single-digit millions. On the surface, it seems like a classic story of a company shooting for the stars but burning up in the atmosphere.

But what if there's more to this story? What if hidden within these seemingly dire financial statements lies a glimmer of hope, a potential game-changer that could catapult Momentus back into the race for space dominance?

A closer look at the provided data reveals an intriguing trend – a significant reduction in outstanding shares, particularly in the most recent quarter. This share reduction, achieved through a 1:50 reverse stock split in August 2023, has dramatically shrunk the pool of available MNTS stock. While such a maneuver is often seen as a desperate attempt to avoid delisting, it could also be a strategic move, a calculated consolidation of ownership aimed at preparing the company for a major shift in trajectory.

Could Momentus be on the verge of a groundbreaking partnership, a major contract win, or even a potential acquisition? The dramatic reduction in outstanding shares could be a prelude to an event that would significantly boost the company's value, making current shareholders the primary beneficiaries.

Here's why this hypothesis holds weight. The reverse stock split, while initially driving down the share price, has created a scenario where even a moderate influx of positive news could lead to an exponential surge in value. The decreased float means fewer shares are available for trading, creating a tighter supply and potentially driving up demand.

Outstanding Shares Over Time (Millions)