Intuitive Machines Honored by City of Houston; Texas Aerospace Research and Space Economy Consortium - Texas Space Commission Appointment

Rhea-AI Summary

Intuitive Machines, a prominent space exploration, infrastructure, and services company, has been honored by the City of Houston with July 20, 2024, designated as 'Intuitive Machines Day' to celebrate their successful IM-1 lunar landing on February 22, 2024. This event marks the first U.S. lunar landing since 1972.

Additionally, Jack Fischer, Intuitive Machines' Vice President of Production, Operations, and Infrastructure, has been appointed to the Texas Aerospace Research and Space Economy Consortium (TARSEC) executive committee. Fischer will assist the Texas Space Commission in promoting commercial space activities and economic development in Texas. The Texas legislature has allocated $350 million to the Texas Space Commission, with a significant portion directed to the Space Exploration and Aeronautics Research Fund.

Intuitive Machines is proud to represent Houston, Texas, and the United States as it advances space exploration and the cislunar economy.

Positive

• City of Houston recognizes Intuitive Machines with 'Intuitive Machines Day' on July 20, 2024.
• Successful IM-1 lunar landing on February 22, 2024, marking the first U.S. lunar landing since 1972.
• Jack Fischer appointed to TARSEC executive committee to support Texas Space Commission.
• Texas legislature allocates $350 million to Texas Space Commission, benefiting space research and economic development.
• A significant portion of the funds directed to Space Exploration and Aeronautics Research Fund.

Negative

• None.

HOUSTON, June 25, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, announced today that the City of Houston will proclaim July 20, 2024, as ‘Intuitive Machines Day’ in recognition of the successful IM-1 lunar landing on February 22, 2024. This historic achievement marked the first U.S. lunar landing since 1972, aligning symbolically with the anniversary of the Apollo 11 Moon landing on July 20, 1969.

Additionally, Jack Fischer, Vice President of Production, Operations, and Infrastructure at Intuitive Machines, has been appointed to the Texas Aerospace Research and Space Economy Consortium (TARSEC) executive committee. In this role, he will support the Texas Space Commission in promoting commercial space activities and economic development within the state. The TARSEC executive committee is tasked with identifying research opportunities and making recommendations on the allocation of space-related funds and research initiatives.

The Texas legislature has allocated $350 million to the Texas Space Commission, with a significant portion dedicated to the Space Exploration and Aeronautics Research Fund. This fund will leverage its resources in partnership with other governmental agencies and programs to increase the supply of capital to support the growth of the state's space/aerospace industry.

Intuitive Machines is honored to represent the city of Houston, the state of Texas, and the United States as it continues to push the boundaries of space exploration and pioneer the evolving cislunar economy.

About Intuitive Machines

Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully soft-landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com.

Contacts

For investor inquiries:

investors@intuitivemachines.com

For media inquiries:

press@intuitivemachines.com

FAQ

What is 'Intuitive Machines Day'?

'Intuitive Machines Day' is July 20, 2024, designated by the City of Houston to honor Intuitive Machines' successful IM-1 lunar landing.

What achievement did Intuitive Machines accomplish on February 22, 2024?

Intuitive Machines successfully completed the IM-1 lunar landing, the first U.S. lunar landing since 1972.

What is Jack Fischer's new role at TARSEC?

Jack Fischer, Vice President of Production, Operations, and Infrastructure at Intuitive Machines, has been appointed to the TARSEC executive committee.

What is the purpose of the Texas Space Commission's $350 million allocation?

The $350 million allocation by the Texas legislature is aimed at promoting space research and economic development, with a significant portion directed to the Space Exploration and Aeronautics Research Fund.

How is Intuitive Machines contributing to Texas' space economy?

Intuitive Machines is contributing to Texas' space economy by participating in space exploration and being part of the Texas Aerospace Research and Space Economy Consortium.