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Goonhilly Earth Station will support Intuitive Machines’ IM-1 mission during the cruise, lunar orbit, and on-surface operations phases.
Intuitive Machines plans to launch its IM-1 lander on a Falcon 9 later 2023 as part of NASA’s Commercial Lunar Payload Services (CLPS) program.
Intuitive Machines is projecting $168,000,000 to $274,000,000 in revenue for 2023 and expects to report positive quarterly EBITDA by the fourth quarter of 2023.
Intuitive Machines planned a June 2023 landing at Malapert A, a crater near the lunar south pole.
Northrop Grumman announced plans for a crewed lunar rover in November 2021 with Northrop Grumman as the lead and Intuitive Machines providing the lander.
Intuitive Machines reported an operating loss of $14,000,000 in the quarter compared to an operating loss of $4,500,000 in the same quarter a year earlier.
Intuitive Machines submitted a proposal in March 2023 for a NASA competition to provide commercial services for the Near Space Network.
Intuitive Machines partnered with KBR to win a NASA engineering services contract called OMES III on 2023-04-18.
Intuitive Machines reported $18,200,000 in revenue in the quarter compared to $18,500,000 in the first quarter of 2022.
Northrop Grumman is working with companies such as Intuitive Machines and Michelin to create a lunar rover.
Lunar Trailblazer, a SIMPLEx mission originally set to launch as a rideshare on the IMAP mission in 2025, was moved by NASA to fly on the Intuitive Machines IM-2 lunar lander currently planned for late 2023.
Intuitive Machines’ IM-1 lander is planned to launch on a Falcon 9 in June.
Intuitive Machines has won three CLPS task orders with its first mission, IM-1, scheduled to launch later 2023.
Intuitive Machines shares closed on 2023-02-22 at nearly $82 after trading as high as $136 during the day.
Intuitive Machines shares closed on 2023-03-08 at $10.26, down 18.3% for the day.
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, LLC completed a business combination with Inflection Point Acquisition Corp., a SPAC traded on Nasdaq.
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 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 is working with its stakeholders to implement the IM-1 landing site change.