Welcome to our dedicated page for Intuitive Machines news (Ticker: LUNRW), a resource for investors and traders seeking the latest updates and insights on Intuitive Machines stock.
Intuitive Machines Inc (LUNRW) drives innovation in lunar exploration through advanced engineering solutions and NASA partnerships. This news hub provides investors and space industry observers with essential updates about the company's mission milestones, contract awards, and technological breakthroughs.
Discover comprehensive coverage of lunar lander developments, cislunar communication systems, and government contract announcements. Our curated news collection enables informed decision-making by tracking operational achievements in:
- Mission-critical payload deliveries
- Orbital data service deployments
- Space infrastructure innovations
- Strategic partnership formations
Bookmark this page for real-time updates on Intuitive Machines' progress in advancing sustainable lunar access and next-generation space technologies. Verify all information through official SEC filings and company communications for investment research purposes.
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.
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