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Intuitive Machines flew its first Nova-C lander to the Moon in February on the IM-1 mission.
Intuitive Machines recorded an adjusted EBITDA loss of nearly $30.5 million through the first nine months of the year.
Intuitive Machines’ IM-1 mission launched in February 2024.
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.
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.
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.
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.
From September 2020 to June 2022, Steven Vontur provided public company readiness and other accounting services at several private companies prior to joining Intuitive Machines.
Steven Vontur will transition from Interim Chief Financial Officer to Chief Accounting Officer and Controller at Intuitive Machines effective 2024-09-16.
In his role as Senior Vice President and Chief Financial Officer, Pete McGrath will lead Intuitive Machines’ finance organization and focus on executing the company’s long-term vision and strategy.
In 2024, Intuitive Machines became the first commercial company to land and operate on the lunar surface.
Prior to joining Intuitive Machines in August 2020, Pete McGrath worked at Boeing as Director of the Global Sales and Marketing organization in the Space Exploration Business Unit.
Intuitive Machines demonstrated the ability to provide delivery, data and analysis, and autonomous operations on the lunar surface in 2024.
The task order CP-22 award to Intuitive Machines is the fourth task order the company has received under the CLPS contract, more than any other company on the CLPS contract.
Intuitive Machines will receive $116,900,000 from NASA to deliver six NASA payloads to the lunar South Pole in 2027.