Momentus Stock Sinks on SpaceX News, Analysts See Buying Opportunity

Recent news from SpaceX sent shares of one aerospace stock plummeting, but two analysts are urging investors to 'buy the dip.'

Momentus (MNTS) saw its stock price drop by nearly 10% on Monday after it was announced that a major client had decided to shift its focus towards Elon Musk's ambitious Starship program.

The analysts, however, argue that this is an opportunity for investors to pick up shares of Momentus at a discount. They point out that the company has a strong backlog and a robust pipeline of future business.

While it may take some time for Momentus to regain its footing in the market, these analysts believe that the long-term prospects for the company remain bright.