Intuitive Machines Inc Stock Price, News & Analysis

Intuitive Machines (Nasdaq: LUNR) has scheduled its fourth quarter and full-year 2024 financial results announcement for Monday, March 24, 2025, before market opening. The company will host a conference call at 8:30 am ET on the same day to discuss the results.

Interested participants can register for the call and will receive dial-in information and a PIN number. A webcast replay will be available on the company's investor relations website at investors.intuitivemachines.com, where the earnings release can also be accessed on the day of the announcement.

Intuitive Machines (LUNR) has successfully completed the redemption of its outstanding warrants to purchase Class A common stock. Of approximately 19,440,000 outstanding warrants, about 12,870,000 were exercised at $11.50 per share, generating approximately $148.0 million in cash proceeds. The remaining 6,570,000 unexercised warrants were redeemed at $0.01 per warrant.

Notable transactions include Michael Blitzer's exercise of 1,800,000 warrants, with the company purchasing 941,080 shares back from him at $20.7 million. Following the redemption, LUNR has no warrants outstanding, and they have been delisted from Nasdaq. The company's cash balance stands at approximately $385.0 million.

Additionally, LUNR secured a revolving credit facility with Stifel Bank for up to $40.0 million, currently unborrowed, as part of its strategy to optimize capital structure and funding alternatives.

Intuitive Machines (Nasdaq: LUNR) has successfully completed its IM-2 mission, achieving the southernmost lunar landing in history. The lunar lander Athena touched down 250 meters from its intended landing site in the Mons Mouton region of the lunar south pole, inside a crater.

While the lander ended up on its side after landing, mission controllers successfully accelerated several program milestones, including operating NASA's PRIME-1 suite of payloads before battery depletion. Due to the sun's direction, solar panel orientation, and extreme cold temperatures in the crater, Athena is not expected to recharge.

The mission has concluded, marking a significant achievement in accessing this challenging region characterized by harsh sun angles, Earth communication, and rugged terrain. The insights gained from IM-2 are expected to facilitate future exploration of the lunar south pole region.

Intuitive Machines (Nasdaq: LUNR) has successfully completed its second lunar mission with the landing of the IM-2 mission lunar lander, Athena, which touched down on the Moon at approximately 11:30 a.m. CST. The spacecraft is currently operational on the lunar surface.

The company held a joint press conference with NASA to discuss mission updates and landing details, emphasizing the ongoing partnership between commercial and government entities in advancing space exploration. Updates on the mission's progress will continue to be shared through the company's IM-2 mission webpage and official X account.

Intuitive Machines (Nasdaq: LUNR) has appointed James J. Frelk as Senior Vice President, Data Services, effective March 3rd, 2025. Frelk brings over 30 years of experience in national security, commercial satellites, intelligence, surveillance, reconnaissance, cyber security, and artificial intelligence.

The appointment aims to strengthen the company's data transmission services pillar and enhance data relay and derived product offerings. Frelk's extensive background includes serving as NASA's Deputy Associate Administrator for PA&E, Director of the Office of Space Commerce, and helping establish Lockheed's Space Imaging and Maxar's Earthwatch/Digital Globe.

Currently Vice Chair of the National Security Space Association Moorman Center for Space Studies, Frelk has managed strategic partnerships with the National Reconnaissance Office and Department of Defense. His most recent work focused on autonomous robotic solutions and GPS-denied environment solutions.

Intuitive Machines (Nasdaq: LUNR) has successfully launched and commissioned its IM-2 mission Nova-C class lunar lander, Athena, aboard SpaceX's Falcon 9 rocket. The launch occurred on February 26, 2025, at 7:16 p.m. ET from NASA's Kennedy Space Center.

The lander established communication at 8:17 p.m. ET, demonstrating stable attitude, solar charging, and radio communications with the Houston mission operations center. Athena is currently preparing for main engine firings to refine its trajectory, with lunar orbit insertion planned for March 3 and an expected landing opportunity on March 6.

This mission marks a historic moment as the third concurrent lunar lander en route to the Moon. The IM-2 mission is part of NASA's Commercial Lunar Payload Services (CLPS) initiative, supporting the Artemis lunar exploration program and aims to establish foundations for future human presence on the lunar surface.

Intuitive Machines (Nasdaq: LUNR) announced that its IM-2 mission Nova-C class lunar lander, Athena, has completed integration milestones and is now encapsulated within SpaceX's payload fairing for launch. The mission is scheduled for a multi-day launch window opening no earlier than February 26 from Launch Complex 39A at NASA's Kennedy Space Center in Florida.

This marks Intuitive Machines' second mission under NASA's Commercial Lunar Payload Services (CLPS) initiative, supporting NASA's Artemis lunar exploration efforts. The mission aims to deliver science and technology payloads to the Moon's surface, contributing to the foundation for future human missions and establishing a sustained lunar presence.

Intuitive Machines (Nasdaq: LUNR) has announced plans to redeem all outstanding warrants to purchase shares of its Class A common stock. The redemption will occur on March 6, 2025, at a redemption price of $0.01 per warrant.

The company can redeem all outstanding warrants when the Class A Common Stock price reaches at least $18.00 per share for any 20 trading days within a 30-day trading period. This condition was met in the period ending January 30, 2025. Warrant holders can exercise their warrants until the redemption date at an exercise price of $11.50 per share.

Any unexercised warrants after the redemption deadline will become void, with holders only entitled to receive the $0.01 per warrant redemption price. The underlying Class A Common Stock shares are registered under the Securities Act of 1933 and covered by a Form S-3 registration statement.

Intuitive Machines (Nasdaq: LUNR) has delivered its second lunar mission lander, Athena, to Cape Canaveral, Florida for the upcoming IM-2 mission. The launch is targeted for a four-day window opening no earlier than February 26, with backup opportunities determined by lunar blackout windows and other factors.

The mission, part of NASA's Commercial Lunar Payload Services (CLPS) initiative, represents the second of four manifested lunar missions for the company. Athena's mission aims to validate resource prospecting, mobility, and communications infrastructure in the Moon's Mons Mouton region, one of nine potential Artemis III landing sites. The lander will be commanded using Intuitive Machines' commercial Lunar Data Network.