Intuitive Machines, Inc. - LUNRW STOCK NEWS

Intuitive Machines (Nasdaq: LUNR) has achieved a significant milestone in its lunar exploration program by qualifying the VR900 engine for its IM-2 lunar mission. This advancement also propels the development of the Company's larger VR3500 engine for cargo-class landers. Key highlights include:

- Successful full-duration hot-fire test of the IM-2 VR900 engine
- Application of design modifications to the larger engine system
- Utilization of environmentally friendly LOx/LCH4 propellant
- Validation of the propulsion system through deep space ignition on IM-1 mission
- Ongoing $30 million Lunar Terrain Vehicle Services Feasibility Assessment
- Potential for $1+ billion contract down select in mid-2025
- Previous successful test-firing of VR3500 cargo class lander engine

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.

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.

Intuitive Machines (Nasdaq: LUNR) reported record revenues of $73.1 million for Q1 2024, a 300% increase year-over-year. The company achieved significant milestones, including a historic lunar landing on February 22, 2024, and received $30 million for NASA's Lunar Terrain Vehicle contract. Positive gross margin momentum was sustained with $12.2 million driven by IM-1 mission success. Operating loss decreased to $5.4 million from $14 million last year, and the cash balance ended at $55.2 million. The company projects 2024 revenue between $200-240 million, bolstered by a backlog of $222.4 million as of Q1's end.

Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) announced the release of its first quarter 2024 financial results on May 14, 2024, followed by a conference call to discuss the results. Participants can access the call via phone or webcast.

NASA awards Intuitive Machines, Inc. a $30 million contract to develop Lunar Terrain Vehicle Services using their Nova-D cargo-class lunar lander. The Company partners with AVL, Boeing, Michelin, and Northrop Grumman to create a robust LTV design for lunar exploration. Intuitive Machines aims to lead systems integration, spacecraft design, and mission planning for the project, positioning themselves as a key player in lunar exploration.

Intuitive Machines successfully delivered NASA and commercial payloads to the moon, achieving the United States' first lunar landing in over 50 years. The company's financial results for Q4 and full year 2023 showed significant revenue, operational highlights, and a strong cash balance.

Intuitive Machines, Inc. (LUNR) to release financial results for Q4 and full-year 2023 on March 21, 2024, followed by an earnings conference call. Details on how to access the call and webcast provided.

Intuitive Machines, Inc. successfully soft-landed the Nova-C class lunar lander Odysseus on the Moon's south pole region, achieving various milestones such as the first lunar landing by the US in over 50 years, transmitting scientific data, and demonstrating economic efficiency. The mission validated the company's propulsion system and marked a significant advancement in space exploration.