Momentus Inc. ( MNTS ) shares are moving higher on Wednesday after the company announced it was selected by NASA to provide launch services for future missions.

What To Know: NASA selected Momentus ( MNTS ) to provide these services through its Venture-Class Acquisition of Dedicated and Rideshare (VADR) contract. Under this agreement, Momentus ( MNTS ) will have the opportunity to deliver satellites, including Class D, CubeSats and higher risk-tolerant payloads, to a variety of orbits.

“We’re delighted to be part of the VADR program and to have been selected by NASA to be among its suppliers for the missions under this program,” said Momentus ( MNTS ) CEO John Rood.

How To Buy Momentus Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Momentus ( MNTS ) 's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: Nvidia Poised To Overtake Apple As World’s Most Valuable Company: How Much Jensen Huang’s Company Needs To Gain By Wednesday

MNTS Price Action: At the time of writing, Momentus ( MNTS ) shares are trading 74.5% higher at 72 cents, according to data from Benzinga Pro.

Image: Image via Shutterstock