Intuitive Machines Named to Time’s List of the TIME100 Most Influential Companies

Rhea-AI Summary

Intuitive Machines (Nasdaq: LUNR, LUNRW) has been named to TIME’s list of the 100 Most Influential Companies for 2024. This recognition follows their successful moon mission on February 22, 2024, marking the first U.S. lunar landing in over 50 years. Intuitive Machines delivered both commercial and NASA payloads to the Moon's far south, achieving a milestone in space exploration. CEO Steve Altemus highlighted the company's role in making lunar access more affordable and technologically advanced. The TIME100 list features companies evaluated for impact, innovation, ambition, and success.

Positive

• Named to TIME’s list of the 100 Most Influential Companies, enhancing the company's prestige.
• Successful lunar mission on February 22, 2024, marking the first U.S. lunar landing in over 50 years.
• Delivered commercial and NASA payloads to the Moon farther south than any vehicle in history, showcasing technological prowess.
• Recognition of innovative solutions and cutting-edge technology.
• Noted for providing access to the Moon at a fraction of traditional costs, indicating market disruption potential.

Negative

• No mention of immediate financial gains or new revenue streams from the recent lunar mission.
• The recognition by TIME, while prestigious, does not guarantee future business success or increased stock performance.
• Potential risks associated with the high costs and technical challenges of space missions.

HOUSTON, May 30, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, today announced its prestigious inclusion in TIME’s 100 Most Influential Companies list. This annual list, now in its fourth year, is a testament to the extraordinary impact companies are making globally, and Intuitive Machines stands out as a unique contributor to this landscape.

The selection follows Intuitive Machines delivering commercial and NASA payloads to the Moon farther south than any vehicle in history, marking the United States’ first lunar landing in over 50 years on February 22, 2024.

“For decades, the critical space technology required to land on the Moon was underdeveloped and inaccessible to many,” said Steve Altemus, Chief Executive Officer of Intuitive Machines. “Intuitive Machines is changing that. We are transforming an industry by providing innovative solutions with cutting-edge technology that provides access to the Moon at a fraction of the traditional cost. For our success to be recognized by TIME, alongside iconic global brands, is an incredible honor.”

To assemble the list, TIME solicited nominations across sectors and polled its global network of contributors, correspondents, and outside experts. Then TIME editors evaluated each on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 100 businesses helping chart an essential path forward.

See the full list here: time.com/100companies

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 did Intuitive Machines achieve on February 22, 2024?

Intuitive Machines completed a successful lunar mission, marking the first U.S. lunar landing in over 50 years and delivered payloads further south on the Moon than any vehicle in history.

Why was Intuitive Machines included in TIME’s 100 Most Influential Companies list for 2024?

Intuitive Machines was included due to its significant impact in space exploration, innovation in lunar missions, and making lunar access more affordable.

How could Intuitive Machines' inclusion in TIME’s 100 Most Influential Companies affect its stock symbol LUNR?

The inclusion could enhance investor confidence and company prestige, potentially positively impacting the stock symbol LUNR.

What is the significance of Intuitive Machines' lunar mission for the company?

The lunar mission demonstrates Intuitive Machines' advanced technological capabilities and positions it as a leader in space exploration and infrastructure.

What does Intuitive Machines specialize in?

Intuitive Machines specializes in space exploration, infrastructure, and services, focusing on innovative technology for lunar missions.