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Intuitive Machines, Inc. (Nasdaq: LUNR) is a leading space exploration, infrastructure, and services company specializing in innovative solutions that bridge the realms of energy, medicine, and aerospace. The company harnesses state-of-the-art engineering tools and advanced technologies to develop products and services that significantly lower development costs, shorten project cycles, and increase the probability of success. The core business is focused on enabling sustainable robotic and human exploration to the Moon, Mars, and beyond through four primary business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
The key highlight of Intuitive Machines’ recent achievements is the successful launch and lunar landing attempt of the IM-1 mission as part of NASA's Commercial Lunar Payload Services (CLPS) initiative. This mission marked the United States' return to the lunar surface for the first time in 52 years, aiming to lay the foundation for future human missions and a sustained presence on the Moon.
Intuitive Machines has been integral in developing the Lunar Terrain Vehicle (LTV), which supports NASA's Artemis campaign. The vehicle, designed in partnership with industry leaders such as Boeing and Michelin, is engineered for extreme lunar environments, ensuring longevity and efficiency in space exploration operations.
The company’s financial health is underscored by a robust first quarter in 2024, with revenues exceeding $73 million, marking a significant growth trajectory. CEO Steve Altemus emphasizes the importance of pioneering the cislunar market and leveraging the company's engineering excellence to achieve unparalleled performance in space missions.
Intuitive Machines’ rapid iterative design-build-test capability, coupled with its diverse range of products and services, positions it as a crucial player in the next era of space exploration. For more information and updates on their missions, visit intuitivemachines.com.
Intuitive Machines (Nasdaq: LUNR) has successfully launched and commissioned its IM-2 mission Nova-C class lunar lander, Athena, aboard SpaceX's Falcon 9 rocket. The launch occurred on February 26, 2025, at 7:16 p.m. ET from NASA's Kennedy Space Center.
The lander established communication at 8:17 p.m. ET, demonstrating stable attitude, solar charging, and radio communications with the Houston mission operations center. Athena is currently preparing for main engine firings to refine its trajectory, with lunar orbit insertion planned for March 3 and an expected landing opportunity on March 6.
This mission marks a historic moment as the third concurrent lunar lander en route to the Moon. The IM-2 mission is part of NASA's Commercial Lunar Payload Services (CLPS) initiative, supporting the Artemis lunar exploration program and aims to establish foundations for future human presence on the lunar surface.
Intuitive Machines (Nasdaq: LUNR) announced that its IM-2 mission Nova-C class lunar lander, Athena, has completed integration milestones and is now encapsulated within SpaceX's payload fairing for launch. The mission is scheduled for a multi-day launch window opening no earlier than February 26 from Launch Complex 39A at NASA's Kennedy Space Center in Florida.
This marks Intuitive Machines' second mission under NASA's Commercial Lunar Payload Services (CLPS) initiative, supporting NASA's Artemis lunar exploration efforts. The mission aims to deliver science and technology payloads to the Moon's surface, contributing to the foundation for future human missions and establishing a sustained lunar presence.
Intuitive Machines (Nasdaq: LUNR) has announced plans to redeem all outstanding warrants to purchase shares of its Class A common stock. The redemption will occur on March 6, 2025, at a redemption price of $0.01 per warrant.
The company can redeem all outstanding warrants when the Class A Common Stock price reaches at least $18.00 per share for any 20 trading days within a 30-day trading period. This condition was met in the period ending January 30, 2025. Warrant holders can exercise their warrants until the redemption date at an exercise price of $11.50 per share.
Any unexercised warrants after the redemption deadline will become void, with holders only entitled to receive the $0.01 per warrant redemption price. The underlying Class A Common Stock shares are registered under the Securities Act of 1933 and covered by a Form S-3 registration statement.
Intuitive Machines (Nasdaq: LUNR) has delivered its second lunar mission lander, Athena, to Cape Canaveral, Florida for the upcoming IM-2 mission. The launch is targeted for a four-day window opening no earlier than February 26, with backup opportunities determined by lunar blackout windows and other factors.
The mission, part of NASA's Commercial Lunar Payload Services (CLPS) initiative, represents the second of four manifested lunar missions for the company. Athena's mission aims to validate resource prospecting, mobility, and communications infrastructure in the Moon's Mons Mouton region, one of nine potential Artemis III landing sites. The lander will be commanded using Intuitive Machines' commercial Lunar Data Network.
Intuitive Machines (Nasdaq: LUNR) has been awarded a NASA study contract under the Next Space Technologies for Exploration Partnership (NextSTEP) Appendix R program. The $2.5 million contract aims to advance lunar logistics handling, offloading, and surface cargo and mobility solutions.
The company will focus on technologies related to lunar payload transportation using their heavy-cargo-class lunar lander currently in development. The study will also build upon their surface mobility expertise from their work on NASA's Lunar Terrain Vehicle Services contract. The contract has a one-year performance period and is designed to address everyday challenges in the lunar environment identified by NASA's Moon to Mars architecture.
Intuitive Machines (LUNR) and Nokia (NOK) have successfully completed the final integration of Nokia's Lunar Surface Communication System (LSCS) into the IM-2 mission lander, Athena. The system will establish the first cellular network on the Moon's south pole region.
The LSCS 'network in a box' features 14 thermally isolated mounting points and is integrated into Athena's Thermal Protection System. Two device modules have been installed in lunar vehicles: Intuitive Machines' Micro-Nova Hopper and Lunar Outpost's MAPP rover. The system uses 4G/LTE technology adapted for lunar conditions to handle surface connectivity, HD video streaming, and data transmission.
The Micro-Nova Hopper will test sensor instruments to identify lunar resources like water ice, while the MAPP rover will conduct surface exploration and collect environmental data. The mission launch is targeted for late February from NASA's Kennedy Space Center.
Intuitive Machines (Nasdaq: LUNR) has secured additional NASA Near Space Network (NSN) contracts for Direct-to-Earth (DTE) services, enhancing its position in lunar and deep space missions. The new contracts include DTE Geostationary to Cislunar Services and xCislunar DTE Services, both designed to support NASA's Lunar Exploration Ground Segment.
These firm-fixed-price, indefinite-delivery/indefinite-quantity task orders complement Intuitive Machines' existing NSN contract for operating lunar data relay satellites. The company aims to capitalize on the NSN contract's $4.82 billion maximum potential value while supporting NASA's Artemis campaign and commercial lunar economy initiatives.
Project timelines run from February 2025 to September 2029, with a possible five-year extension through September 2034.
Intuitive Machines (Nasdaq: LUNR) has announced the pricing of an upsized offering of 9,523,810 shares of its Class A common stock at $10.50 per share. The company has also granted underwriters a 30-day option to purchase up to an additional 1,428,571 shares.
Additionally, the company will issue 952,381 shares to Boryung in a concurrent private placement at the same price. The combined net proceeds from both offerings are expected to be approximately $104.25 million. The funds will be used for general corporate purposes, including operations, research and development, and potential mergers and acquisitions.
The offering is expected to close on December 5, 2024, subject to customary conditions. BofA Securities, Cantor, Barclays, and Stifel are serving as lead joint book-running managers for the offering.
Intuitive Machines (Nasdaq: LUNR) has announced a $65.0 million public offering of Class A common stock, with underwriters having a 30-day option to purchase up to an additional $8,872,500 from the company and $877,500 from a selling stockholder. Additionally, the company has entered into an agreement with Boryung for a concurrent private placement of $10.0 million in Class A common stock.
The proceeds will be used to acquire newly-issued common units of Intuitive Machines OpCo, which will use the funds for general corporate purposes, including operations, research and development, and potential mergers and acquisitions. BofA Securities, Cantor, Barclays, and Stifel are acting as lead joint book-running managers for the offering.
Intuitive Machines (Nasdaq: LUNR) has partnered with Johns Hopkins University Applied Physics Laboratory (APL) through a Cooperation Agreement to advance lunar communications and navigation infrastructure in cislunar space. The collaboration aims to explore potential hardware applications that could benefit the United States, with Intuitive Machines potentially adapting these advancements for commercial use.
This partnership aligns with Intuitive Machines' NASA Near Space Network Services contract to deploy lunar data relay and navigation satellites, supporting their strategy to commercialize lunar operations through a pay-by-the-minute service model for data transmission and navigation services.
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