Inflection Point Acquisition Corp Stock Price, News & Analysis

Intuitive Machines is collaborating with NASA to adjust the landing site for its IM-1 lunar mission to the South Pole Region, enhancing support for the Artemis Program. This historic landing, set for late June 2023, aims to facilitate significant lunar scientific discoveries, including potential water ice findings. This mission change is also expected to bolster Intuitive Machines' backlog. Notably, the company has an ongoing business combination agreement with Inflection Point Acquisition Corp (NASDAQ: IPAX, IPAXU, IPAXW) to become publicly traded, pending shareholder approval.

Inflection Point Acquisition Corp. (Nasdaq: IPAX, IPAXU, IPAXW) announced that the SEC has declared effective its Registration Statement on Form S-4 for its business combination with Intuitive Machines. The extraordinary general meeting for shareholders is scheduled for February 8, 2023, to approve the merger. If approved, the combined entity will be named Intuitive Machines, Inc., with new ticker symbols LUNR and LUNRW. Shareholders are urged to vote by February 7, 2023, for their shares to be represented. CEO Michael Blitzer expressed confidence in Intuitive Machines leading the lunar economy as a public company.

Intuitive Machines has signed an agreement to deliver Brokkr-2, a deep space vehicle developed by AstroForge, to observe target asteroids. The launch is scheduled during Intuitive Machines' second lunar mission in late 2023, utilizing excess capacity on an EELV, Secondary Payload Adapter. This collaboration enhances Intuitive Machines' Orbital Services segment, providing cost-effective rideshare solutions for space missions. Intuitive Machines is also progressing toward publicly listing through a merger with Inflection Point Acquisition Corp. (NASDAQ: IPAX, IPAXU, IPAXW), pending shareholder and regulatory approvals.

Intuitive Machines has partnered with Japan's Dymon Co., Ltd. to send their Yaoki rover on its upcoming Moon mission using Nova-C lunar lander. Scheduled for the second half of 2023, this mission aims to advance lunar mobility technology. Steve Altemus, CEO of Intuitive Machines, noted the growing commercial demand for lunar access as the company progresses with its planned missions. This agreement enhances Intuitive Machines’ Lunar Access Services, critical for establishing a lunar economy. Intuitive Machines is also set to become publicly traded through a merger with Inflection Point Acquisition Corp.

Intuitive Machines successfully tracked NASA's Artemis I Mission, marking a significant milestone in lunar communications infrastructure. The company showcased its capabilities by utilizing its mission control and global ground station network to monitor the spacecraft as it reached the farthest distance from Earth. This achievement aligns with Intuitive Machines' ongoing partnership with NASA, enhancing its Lunar Data Services. The company is also in the process of merging with Inflection Point Acquisition Corp (NASDAQ: IPAX, IPAXU, IPAXW) to become publicly listed, subject to shareholder approval.

Intuitive Machines has received NASA's approval to utilize its mission control and global ground station network to track the Artemis I Mission, aimed at human exploration of the Moon and Mars. This partnership allows Intuitive Machines to leverage its Lunar Distance Network for Doppler measurements, enhancing lunar communications infrastructure. The company also aims to validate its capabilities for its upcoming lunar mission in March 2023. Additionally, Intuitive Machines is set to become publicly listed through a business combination with Inflection Point Acquisition Corp. (Nasdaq: IPAX, IPAXU, IPAXW).

Intuitive Machines has inaugurated its Small Engine Verification Facility, known as the Flame Range, located at the Houston Spaceport. This state-of-the-art facility aims to develop and test cryogenic engines essential for lunar payload delivery. The company is also constructing a $40 million Lunar Production and Operations Center (LPOC) to further enhance its capabilities in lunar infrastructure, supported by the City of Houston. Intuitive Machines is poised to conduct its first propulsion test this month, with the LPOC expected to be completed by Q4 2023.

Intuitive Machines announced its proposed business combination with Inflection Point Acquisition Corp (NASDAQ: IPAX, IPAXU, IPAXW) and filed a registration statement on Form S-4 with the SEC. This filing contains a preliminary proxy statement in relation to the business combination expected to list Intuitive Machines publicly. The completion of this transaction requires shareholder approval and SEC’s effectiveness of the registration statement. Intuitive Machines is focused on space exploration and operates multiple business units to support lunar and planetary missions.

Intuitive Machines will participate in the IPO Edge 'Space Race II' panel on October 6, 2022, from 2:00 PM to 3:30 PM ET. CEO Steve Altemus will represent the company, scheduled to list on Nasdaq following a merger with Inflection Point Acquisition Corp. (NASDAQ: IPAX, IPAXU, IPAXW), which was announced on September 16, 2022. The event will also feature firms like Virgin Orbit and Planet Labs. Interested parties can register for the event.