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Intuitive Machines, Inc. - LUNR STOCK NEWS

Welcome to our dedicated page for Intuitive Machines news (Ticker: LUNR), a resource for investors and traders seeking the latest updates and insights on Intuitive Machines stock.

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.

News

Intuitive Machines Reports Third Quarter 2023 Financial Results and Reaffirms Expected Launch of First Lunar Mission

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Intuitive Machines, Inc. (Nasdaq: LUNR) has secured a multi-day launch window for its first lunar mission starting January 12, 2024. The company was selected by an International Space Agency in November for a $16.8 million contract to provide lunar rover services, marking the largest international award to date. They also diversified their customer base with a $9.5 million award from the Department of Defense, Air Force Research Laboratory, and began customer transition for NASA's five-year $719 million Omnibus Multi-Engineering Services III contract. Financially, they reported a contracted backlog of $135.2 million, third quarter 2023 revenue of $12.7 million, and an operating loss of $(23.2) million. Additionally, they secured a $20 million equity investment and have an ending cash balance of $40.7 million. The company is set to host a conference call to discuss these results.
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AFRL Space Vehicles Directorate Selects Intuitive Machines to Provide Solutions for Nuclear-Powered Satellites

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Intuitive Machines has been awarded a $9.49 million contract by the Air Force Research Laboratory Space Vehicles Directorate to develop technical solutions for satellite positioning and maneuverability using Radioisotope Power Systems. The contract supports NASA's GATEWAY project and highlights Intuitive Machines' focus on diversifying revenue streams across different sectors. The company will leverage its expertise in nuclear power systems and space exploration to provide efficient and scalable solutions for space missions.
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Intuitive Machines Sets January 2024 for Historic U.S. Lunar Mission

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Intuitive Machines announces target launch date for IM-1 lunar mission in coordination with SpaceX. The mission is part of NASA's CLPS initiative to lay the foundation for human missions and a sustainable human presence on the lunar surface.
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Intuitive Machines Announces Date for Third Quarter 2023 Financial Results Conference Call  

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Intuitive Machines, Inc. will release its financial results for Q3 2023 on November 13, 2023. A conference call will be held to discuss the results.
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Intuitive Machines Opens Lunar Production and Operations Facility at the Houston Spaceport and Confirms Lander Ship Date in the Coming Days

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Intuitive Machines opens Lunar Production and Operations Center at Houston Spaceport, marking a new lunar access capability for the US and global partners. Facility ready to support NASA-awarded missions. First mission lunar lander, Nova-C, to be shipped soon. Positive outlook for space exploration.
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Intuitive Machines Announces $20 Million Equity Investment

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Intuitive Machines enters into $20 million equity investment agreement, expects to close on September 5, 2023. Proceeds to be used for general corporate purposes and working capital needs. The investment eliminates the need for a previously disclosed $50 million Committed Equity Facility. CEO expects revenue from NASA contract to begin in Q4. CFO emphasizes disciplined capital management. Stock and warrants mentioned in PR are not registered under Securities Act and require SEC registration.
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Intuitive Machines Reports Second Quarter 2023 Financial Results and Announces Expected Launch of First Lunar Mission

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Intuitive Machines, a leading space exploration company, announced its financial results for Q2 2023. The company completed the lunar lander assembly and is preparing for shipment to Cape Canaveral. It has also submitted over $3 billion in proposals across various government departments. The company's CEO highlighted progress in building the primary IM-2 structure and the new Lunar Production and Operations Center. However, the company withdrew its financial guidance for 2023 due to delays and budget uncertainty.
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KBR JV Awarded $719M Contract to Aid NASA's Development of Space Orbital Systems

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KBR joint venture with Intuitive Machines has been awarded a $719 million contract by NASA to provide multidisciplinary engineering for critical space orbital systems. The contract has a five-year period of performance and directly aids the Joint Polar Satellite System program and NASA's Exploration and In-space Services projects division.
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U.S. Government Accountability Office Validates NASA’s $719 Million OMES III Award to Intuitive Machines-Led Team

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Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) welcomes the recent U.S. Government Accountability Office’s decision affirming NASA’s thorough evaluation of the OMES III proposals, resulting in the award of the five-year contract to Space & Technology Solutions, a joint venture led by Intuitive Machines with KBR. The OMES III Contract, with a maximum ordering value of $719 million, supports work related to the Joint Polar Satellite System, NASA’s Exploration, and In-space Services, affirming the Company’s experience in spacecraft development, autonomous systems, and near-space communications.
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Intuitive Machines Announces Date for Second Quarter 2023 Financial Results Conference Call  

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Intuitive Machines, Inc. will release its financial results for Q2 2023 on August 14, 2023. A conference call will be held to discuss the results.
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FAQ

What is the current stock price of Intuitive Machines (LUNR)?

The current stock price of Intuitive Machines (LUNR) is $13.57 as of December 20, 2024.

What is the market cap of Intuitive Machines (LUNR)?

The market cap of Intuitive Machines (LUNR) is approximately 1.2B.

What is Intuitive Machines, Inc.?

Intuitive Machines, Inc. (Nasdaq: LUNR) is a space exploration company focused on developing innovative solutions in aerospace, energy, and medicine.

What are the core business units of Intuitive Machines?

The company operates through four primary business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.

What is the significance of the IM-1 mission?

The IM-1 mission is Intuitive Machines’ first lunar landing attempt under NASA's CLPS initiative, marking the U.S.'s return to the Moon after 52 years.

Who are some of Intuitive Machines' key partners?

Key partners include Boeing, Michelin, Northrop Grumman, and AVL, collaborating on projects like the Lunar Terrain Vehicle (LTV).

How did Intuitive Machines perform financially in Q1 2024?

The company reported revenues over $73 million in Q1 2024, showcasing a significant growth trajectory and successful mission accomplishments.

What technologies does Intuitive Machines specialize in?

The company specializes in state-of-the-art engineering tools, advanced technologies, and innovative solutions that lower development costs and increase project success.

What is the Lunar Terrain Vehicle (LTV)?

The LTV is a robust lunar vehicle designed for NASA's Artemis campaign, built to operate in extreme lunar conditions with advanced power, navigation, and autonomous systems.

How does Intuitive Machines contribute to space exploration?

Intuitive Machines provides products and services to support robotic and human exploration to the Moon, Mars, and beyond, focusing on sustainable space infrastructure and operations.

Where can I find more information on Intuitive Machines’ missions?

For detailed information and updates, visit the company's official website at intuitivemachines.com.

What are Intuitive Machines’ future plans?

The company plans to continue pioneering the cislunar market, focusing on innovative space solutions and expanding its mission portfolio under NASA’s Artemis campaign.

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Intuitive Machines, Inc.

Nasdaq:LUNR

LUNR Rankings

#2391 Ranked by Market Cap
N/A Ranked by Dividends

LUNR Stock Data

1.19B
73.22M
10.79%
34.91%
27.63%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
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United States of America
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