StockNews.AI
LUNR
StockNews.AI
207 days

Intuitive Machines Awarded Contract to Advance Lunar Logistics, Cargo, and Mobility Solutions

1. Intuitive Machines awarded a $2.5M NASA contract for lunar logistics. 2. The contract aims to enhance lunar payload transportation technologies. 3. The company intends to leverage past lunar missions for new strategies. 4. NextSTEP contract performance period is one-year, beginning soon.

Mass Contract
+4.06%Current Return
VS
-0.29%S&P 500
$22.1701/24 08:31 AM EDTEvent Start
$23.0701/27 08:41 AM EDTLatest Updated
6m saved
Insight
Article

FAQ

Why Bullish?

This contract signifies government trust and potential revenue growth, similar to SpaceX contracts.

How important is it?

The contract shows strategic positioning in a growing lunar economy.

Why Short Term?

The contract’s benefits may be realized quickly due to immediate focus on lunar tech.

Related Companies

NASASPCERKLB
HOUSTON, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, announced today that NASA has awarded the Company a study contract to advance lunar logistics handling and offloading; and surface cargo and mobility under the agency’s Next Space Technologies for Exploration Partnership (NextSTEP) Appendix R. The NextSTEP Appendix R study contract is intended to advance learning in managing everyday challenges in the lunar environment identified by NASA’s Moon to Mars architecture. “Intuitive Machines has been methodically working on executing lunar delivery, data transmission, and infrastructure service missions, making us uniquely positioned to provide strategies and concepts that may shape lunar logistics and mobility solutions for the Artemis generation,” said Intuitive Machines CEO Steve Altemus. “We look forward to bringing our proven expertise together to deliver innovative solutions that establish capabilities on the Moon and place deeper exploration within reach.” Intuitive Machines intends to use the approximately $2.5M award to focus on technologies related to the transportation of lunar payloads using the company’s heavy-cargo-class lunar lander, which is currently in development. In addition, the Company expects to expand its surface mobility expertise, gained while working under NASA’s Lunar Terrain Vehicle Services contract. The NextSTEP Appendix R contract has a one-year performance period, which is expected to begin in the coming months. About Intuitive MachinesIntuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations, results and plans relating to the NextSTEP contract. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.  These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.  Contacts For investor inquiries: investors@intuitivemachines.com For media inquiries: press@intuitivemachines.com

Related News