Intuitive Machines is an American space exploration company that provides lunar surface access, payload delivery, and data transmission services. As a NASA CLPS partner, they design and build lunar landers like Nova-C to transport payloads to the Moon. Their customers include NASA, for whom they deliver science instruments and technology demonstrations as part of the Artemis program, and they are developing lunar data relay satellites. Intuitive Machines aims to commercialize the Moon through infrastructure and services.
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Intuitive Machines has plans for a lunar communications and navigation network and a lunar rover.
Most of Intuitive Machines’ revenue comes from NASA through Commercial Lunar Payload Services (CLPS) task orders.
Intuitive Machines sold $80.5 million in stock to bolster its cash reserves.
Intuitive Machines is a Houston-based company known for its lunar landers.
Intuitive Machines flew its first Nova-C lander to the Moon in February on the IM-1 mission.
Intuitive Machines executives projected finishing the year with revenue between $215 million to $235 million.
Intuitive Machines reported revenues for the year to date of $173.3 million, compared to $79.5 million in all of 2023.
Intuitive Machines’ IM-1 mission launched in February 2024.
A contract called OMES III accounts for $115 million of Intuitive Machines’ revenue to date this year.
Intuitive Machines recorded an adjusted EBITDA loss of nearly $30.5 million through the first nine months of the year.
Intuitive Machines received a Lunar Terrain Vehicle (LTV) Services award in April to work on the design of an Artemis lunar rover.
Peter McGrath is chief financial officer of Intuitive Machines and previously helped design part of the ISS while working at Boeing.
SpaceX has the capability to fuel payloads with liquid oxygen and methane on the pad at Launch Complex 39A, a capability used for the IM-1 lunar lander mission for Intuitive Machines that launched on a Falcon 9 in February 2024.
The first lunar data relay satellite for Intuitive Machines’ communications network will launch as a secondary payload on the IM-3 mission, with two more relay satellites launching with IM-4 and two final satellites launching on later unspecified missions.
NASA selected Intuitive Machines to develop a lunar communications network under a contract worth up to $4,820,000,000 over 10 years.
Intuitive Machines previously planned an IM-2 launch in December or early January after slipping from a November 2024 target due to Kennedy Space Center launch-pad availability and contractual modifications with NASA to change the IM-2 landing location.
Intuitive Machines is developing a third Nova-C lander for the IM-3 mission that is undergoing vibration testing and has a mission window through early 2026.
Intuitive Machines secured a potential $4,800,000,000 NASA contract to provide communications and navigation services on the Moon in support of the Artemis program.
NASA contracted Intuitive Machines to send NASA science and technology payloads on a CLPS lander with a 2027 launch target.
Intuitive Machines plans to deliver the IM-2 lunar lander to NASA’s Kennedy Space Center in Florida for launch preparations in the fourth quarter of 2024 with an extended mission window reaching into January.