HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Today Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") and Nokia (NYSE:NOK, Euronext: NOKIA)) announced the successful final integration of Nokia's Lunar Surface Communication System ("LSCS") into the IM-2 mission lander, named Athena. Athena and the LSCS will voyage to the lunar south pole region in the upcoming IM-2 mission, where Nokia and Intuitive Machines intend to deploy the first cellular network on the Moon. After months of testing and validation with Nokia Bell Labs, Intuitive Machines engineers installed the LSCS "network in a box" to one of Athena's upper carbon-composite panels. Multiple precautions were take

HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines" or the "Company"), a space exploration, infrastructure, and services company, has secured additional contracts from NASA's Near Space Network ("NSN") for Direct-to-Earth ("DTE") services. These contracts further position Intuitive Machines as a vital partner in supporting NASA's missions to the Moon, and beyond. DTE communication and navigation services are critical for enabling missions to exit Earth's orbit, reach lunar destinations, and explore deep space. The new contract awards include: Subcategory 1.2: DTE Geostationary ("GEO") to Cislunar DTE Services, offering enhanced

HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines" or the "Company"), a leading space exploration, infrastructure, and services company, announced today the pricing of an upsized offering of 9,523,810 shares of its Class A common stock ("Class A Common Stock") at a price to the public of $10.50 per share (the "Public Offering Price") (the "Offering"). As part of the Offering, the Company and a selling stockholder granted the underwriters a 30-day option to purchase up to an additional 1,275,714 and 152,857 shares of Class A Common Stock from the Company and such selling stockholder, respectively. The Offering is expected to close

HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines" or the "Company"), a leading space exploration, infrastructure, and services company, announced today that it has commenced an underwritten public offering of $65.0 million of shares of its Class A common stock ("Class A Common Stock") (the "Offering"). The Company and a selling stockholder intend to grant the underwriters a 30-day option to purchase up to an additional $8,872,500 and $877,500 of shares of Class A Common Stock from the Company and such selling stockholder, respectively. The Offering is subject to market and other conditions, and there can be no assurance as to wh

HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, has announced it has entered into a Cooperation Agreement with the Johns Hopkins University Applied Physics Laboratory ("APL") to advance safe, secure, and reliable lunar communications and navigation infrastructure in cislunar space. Cislunar space encompasses the region of space that extends from Earth's gravitational influence to the Moon's surface, including its orbit out to over 2 million kilometers distance. Under the agreement, Johns Hopkins University APL intends to collaborate with Intuit

HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, "Intuitive Machines, " or the "Company")), a leading space exploration, infrastructure, and services company, today announced its financial results for the third quarter ended September 30, 2024. Intuitive Machines CEO Steve Altemus said, "Intuitive Machines had a very strong third quarter highlighted by key wins, revenue growth, and the largest cash balance in Company history. Throughout the quarter, we continued to focus on our three core service pillars: delivery, data transmission, and infrastructure as services. These pillars provide foundational capabilities that enable the missions and goals of commer

HOUSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the third quarter of 2024 on Thursday, November 14, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.co

HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, today announced NASA has awarded the Company a Near Space Network ("NSN") contract for communication and navigation services for missions in the near space region, which extends from Earth's surface to beyond the Moon. This Subcategory 2.2 Geostationary Orbit to Cislunar Relay Services is a new Firm-Fixed-Price, Multiple Award, Indefinite-Delivery/Indefinite-Quantity ("IDIQ") Task Order Contract. The contract has a base period of five years with an additional five-year option period, with a maximu

HOUSTON, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, announced that effective September 16, 2024, Pete McGrath will transition from his current role of Senior Vice President, Chief Operating Officer into the role of Senior Vice President and Chief Financial Officer. Steven Vontur will transition from serving as the Company's Interim Chief Financial Officer to Chief Accounting Officer and Controller, and Jack Fischer will transition to Senior Vice President, Production and Operations. "As we continue to enjoy exponential growth, Intuitive Machines is

HOUSTON, Aug. 29, 2024 (GLOBE NEWSWIRE) -- NASA has awarded Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, a $116.9 million contract to deliver six science and technology payloads, including one European Space Agency-led drill suite to the Moon's South Pole. This award will leverage Intuitive Machines' lunar delivery, data transmission, and autonomous operation capabilities to explore the region targeted for sustained human operations. "Over the last several years, we've witnessed NASA's successful Artemis I mission and the campaign's progress toward sustainably returning humans to the

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4 - Intuitive Machines, Inc. (0001844452) (Issuer)

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4 - Intuitive Machines, Inc. (0001844452) (Issuer)

4 - Intuitive Machines, Inc. (0001844452) (Issuer)

4 - Intuitive Machines, Inc. (0001844452) (Issuer)

4 - Intuitive Machines, Inc. (0001844452) (Issuer)

4 - Intuitive Machines, Inc. (0001844452) (Issuer)

4 - Intuitive Machines, Inc. (0001844452) (Issuer)

B. Riley Securities initiated coverage of Intuitive Machines with a rating of Buy and set a new price target of $8.00

Cantor Fitzgerald initiated coverage of Intuitive Machines with a rating of Overweight and set a new price target of $11.00

ROTH MKM initiated coverage of Intuitive Machines with a rating of Buy and set a new price target of $20.00

Canaccord Genuity initiated coverage of Intuitive Machines with a rating of Buy and set a new price target of $35.00

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HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, "Intuitive Machines, " or the "Company")), a leading space exploration, infrastructure, and services company, today announced its financial results for the third quarter ended September 30, 2024. Intuitive Machines CEO Steve Altemus said, "Intuitive Machines had a very strong third quarter highlighted by key wins, revenue growth, and the largest cash balance in Company history. Throughout the quarter, we continued to focus on our three core service pillars: delivery, data transmission, and infrastructure as services. These pillars provide foundational capabilities that enable the missions and goals of commer

HOUSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the third quarter of 2024 on Thursday, November 14, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.co

Achieved $41.4 million of revenue in Q2, up 130% YoY; $114.5 million year to date, more than all of 2023 Raised low-end of full-year 2024 revenue outlook to $210 - $240 million, resulting in 2.6x - 3x prior year salesQ2 ending cash balance and milestone payments on existing contracts expected to be sufficient to fund operations through the next 12 monthsCurrently zero debt on the balance sheet; paid down $5 million debt in Q2; remaining $3 million paid in JulyContinued mission two assembly, integration and testing; completed engine qualification; received contract modifications of $12.5 million for landing site selection; expected shipment of the completed lander to the launch site in Q4Sign

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the second quarter of 2024 on Tuesday, August 13, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. To participate in the call, please register here. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided to them. A webcast replay will be available on the investors portion of the Intuitive Machines website at https://investors.intuitivemachines.com

Delivered NASA and commercial payloads to the Moon further south than any vehicle in history, marking the United States' first lunar landing in over 50 years, on February 22, 2024Achieved record revenues in the quarter; $73.1 million, an increase of over 300% versus prior yearContinued positive gross margin momentum; $12.2 million in the quarter driven by IM-1 mission success milestone payments from NASA and commercial customersDisciplined cash management; $6.4 million cash used from operations in the quarter, a reduction of $12.2 million versus prior yearEnded the quarter with a cash balance of $55.2 million, the largest balance relative to any quarter-end since the Company's inceptionAward

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the first quarter of 2024 on Tuesday, May 14, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call. A live webcast of the earnings conference call can also be accessed here. Following the conference call, participants may access the telephonic replay at 1-

Delivered NASA and commercial payloads to the moon further south than any vehicle in history, marking the United States' first lunar landing in over 50 years, on February 22, 2024Supported by the FY 2024 NASA budget passed on March 8, 2024, Intuitive Machines contracts for CLPS and OMES III, as well as key future Artemis campaign contracts NSNS and LTVS were fully funded Validated the performance of the Company's proprietary liquid methane and liquid oxygen propulsion system through the first-ever deep space ignition, resulting in a 7-day mission from launch to the lunar surface in Q1Earned mission completion milestone payments from NASA and commercial customers of approximately $12.5 millio

HOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the fourth quarter and full-year of 2023 on Thursday, March 21, 2024, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call. A live webcast of the earnings conference call can also be accessed here. Following the conference call, participants may access the tel

Secured multi-day launch window for first lunar mission, beginning January 12, 2024Selected by an International Space Agency in November for a $16.8 million contract to provide lunar rover services - the largest international award to date as the Company expands its global partnershipsDiversified customer base with the first significant Department of Defense, Air Force Research Laboratory ("AFRL") $9.5 million Joint Energy Technology Supplying On-Orbit Nuclear Power (JETSON) award Expanded operational capability with the new Lunar Production and Operations Center at the Houston SpaceportBegan customer transition for NASA's five-year $719 million Omnibus Multi-Engineering Services ("OMES") II

HOUSTON, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW))) ("Intuitive Machines") ("Company") announced today that it will release its financial results for the third quarter of 2023 on Monday, November 13, 2023, before the market opens. Following the news release, the Company will host a conference call the same day at 8:30 am ET to discuss the results. Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call. A live webcast of the earnings conference call can also be accessed here. Following the conference call, participants may access the telephonic replay