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Intuitive Machines' IM-2 Lunar Lander Successfully Commissioned and En Route to the Moon

1. Intuitive Machines launched its Athena lunar lander on February 26, 2025. 2. Athena's mission positions it among three lunar landers simultaneously en route to the Moon. 3. LUNR expects a lunar landing opportunity on March 6, 2025. 4. Successful lunar services could drive a foothold for human presence on the Moon. 5. The mission supports NASA's Artemis lunar exploration initiatives.

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FAQ

Why Bullish?

The successful launch and mission of Athena highlight LUNR's leadership in lunar exploration, which can elevate investor confidence and interest, supporting a bullish outlook similar to past successful space missions that drove stock growth in companies like SpaceX and Blue Origin.

How important is it?

The announcement showcases technological achievement and market position, crucial for overall business growth, potentially affecting stock prices and investor sentiment concurrently.

Why Short Term?

The immediate impact stems from the upcoming lunar landing anticipated on March 6, which could generate positive media coverage and investor enthusiasm in the short term.

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HOUSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, has announced its IM-2 mission Nova-C class lunar lander, Athena, launched on SpaceX’s Falcon 9 rocket and successfully commissioned in space, marking the first time humanity has had three lunar landers en route to the Moon at the same time. Athena established a stable attitude, solar charging, and radio communications contact with the Company’s mission operations center in Houston after liftoff on February 26. The lander is in excellent health and preparing for a series of planned main engine firings to refine her trajectory ahead of lunar orbit insertion, which is planned for March 3. Intuitive Machines expects a lunar landing opportunity on March 6. “Athena joining a historic wave of lunar landers on their way to the Moon is an extraordinary moment,” said Intuitive Machines CEO Steve Altemus. “While the most vital part of this mission lies ahead, we believe this is a signal that lunar services are rapidly advancing alongside civil and commercial intent to establish a foothold on the Moon to reach further into the Solar System.” The IM-2 mission lifted off from Launch Complex 39A at NASA’s Kennedy Space Center in Florida at 7:16 p.m. ET, February 26, 2025. Athena reached her intended orbit approximately 44 minutes later and established first communication at approximately 8:17 p.m. ET. The Intuitive Machines IM-2 mission is the Company’s second lunar mission as part of NASA’s Commercial Lunar Payload Services (“CLPS”) initiative, a key part of NASA’s Artemis lunar exploration efforts. The science and technology payloads sent to the Moon’s surface as part of CLPS intend to lay the foundation for human missions and a sustainable human presence on the lunar surface. Intuitive Machines will provide IM-2 mission updates on the Company’s website and X account.   About Intuitive Machines Intuitive 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 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 our second mission to the Moon, including the expected timing and success of launch and landing for our second lunar mission and our progress and preparation thereof. 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: any delayed launches, launch failures, failure of our satellites or lunar landers to reach their planned orbital locations, risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; failure of our products to operate in the expected manner or defects in our sub-systems; failure to comply with various laws and regulations relating to various aspects of our business; and other public filings and press releases other factors detailed under 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 our Current Reports on Form 8-K, 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 Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a55e104-4783-443b-aa44-c5dcd195ed6b https://www.globenewswire.com/NewsRoom/AttachmentNg/775c5b41-1899-41f4-9272-69c790852b24 This press release was published by a CLEAR® Verified individual.

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