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.
All verified mentions of this organization in source documents.
The Intuitive Machines SPAC-related transaction raised $55,000,000 from capital provided by an affiliate of the SPAC sponsor and by company founders rather than from SPAC proceeds.
Intuitive Machines shares closed on 2023-02-22 at nearly $82 after trading as high as $136 during the day.
As a result of the business combination transaction, Intuitive Machines will receive approximately $55,000,000 of committed capital from an affiliate of its sponsor and company founders.
Intuitive Machines, LLC completed a business combination with Inflection Point Acquisition Corp., a SPAC traded on Nasdaq.
Intuitive Machines will shift the landing site of its first mission, IM-1, to the lunar South Pole Region to support NASA’s priority objectives.
Intuitive Machines is working with its stakeholders to implement the IM-1 landing site change.
Intuitive Machines completed its merger with Inflection Point Acquisition Corp. and closed the transaction on 2023-02-13.
Inflection Point and Intuitive Machines had arranged an additional $55,000,000 in investment from the SPAC’s sponsors and an Intuitive Machines founder as part of the merger financing.
Intuitive Machines forecast $759,000,000 in revenue for 2024 as it planned to carry out lander missions and offer new space products and services.
Intuitive Machines projected $102,000,000 in revenue for 2022, up from $73,000,000 recorded in 2021, in its September 2022 investor presentation.
Intuitive Machines estimated an EBITDA loss of $14,000,000 for 2022, an EBITDA loss of $46,000,000 for 2023, and expected to break even on EBITDA in 2024.
NASA is still in the procurement process regarding Intuitive Machines’ revised IM-1 landing site and has not completed the contract modification regarding that site change.
On 2023-02-06, Intuitive Machines moved the planned landing site for its IM-1 lander mission to the south polar region of the Moon.
Intuitive Machines worked with NASA to identify a new IM-1 landing site to support the Artemis lunar exploration campaign.
Intuitive Machines won a CLPS task order for the IM-1 mission in May 2019 that was originally valued at $77,000,000.
Intuitive Machines is working with stakeholders to implement a landing site change for the IM-1 mission.
Intuitive Machines will shift the landing site of its IM-1 mission to the lunar South Pole Region to support NASA’s priority objectives.
The first Commercial Lunar Payload Services missions by Astrobotic and Intuitive Machines are scheduled to launch in 2023 carrying NASA payloads to the surface of the Moon.
The spacecraft is scheduled to launch in late 2023 with Intuitive Machines using a SpaceX Falcon 9 rocket.
Brokkr-2 will launch as a secondary payload on IM-2, the second lunar lander mission by Intuitive Machines, on a Falcon 9.