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HOUSTON--(BUSINESS WIRE)--Intuitive Machines has appointed Ben Bussey, Ph.D., as Chief Scientist effective Sep 6, 2022. Dr. Bussey, with extensive experience in lunar research, will enhance collaborations and maximize scientific returns for upcoming lunar missions using Intuitive Machines' landers. This announcement coincides with preparations for the integration of the Nova-C lunar lander for NASA payloads. The appointment aims to strengthen Intuitive Machines' position ahead of its business combination with Inflection Point Acquisition Corp. (NASDAQ: IPAX, IPAXU, IPAXW).
Intuitive Machines, a key player in space exploration, announced a merger with Inflection Point Acquisition Corp (IPAX, IPAXU, IPAXW) to become publicly listed. The transaction values the combined entity at approximately $815 million, with an expected pro forma equity value exceeding $1 billion. The company has a contracted backlog of $188 million and anticipates generating $102 million in revenue for 2022. The merger is subject to shareholder approval and regulatory conditions, aimed for completion in Q1 2023.