Intuitive Machines Takes Next Steps on Lunar Journey

Intuitive Machines (“IM”) (Nasdaq: LUNR): secures contract from undisclosed government source for US$9.8M to develop next phase of lunar Orbital Transfer Vehicle (2,100kg payload) – manufacturing expected to begin 2026 for government / commercial customers; completes $30M KinetX acquisition (paying $15M cash plus 1.4 million shares), enhancing deep space navigation capabilities for lunar / interplanetary missions after using KinetX proprietary software on 2 Moon missions; offers US$250M convertible senior notes due 2030 – with option for additional $37.5M – for operations, R&D, acquisitions; continues its work on NASA-awarded contract for communication / navigation services between Earth and Moon / beyond

Image Credits: Intuitive Machines