LUNR INTUITIVE MACHINES INC

AFRL Space Vehicles Directorate Selects Intuitive Machines to Provide Solutions for Nuclear-Powered Satellites

AFRL Space Vehicles Directorate Selects Intuitive Machines to Provide Solutions for Nuclear-Powered Satellites

HOUSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”) today announced the Air Force Research Laboratory Space Vehicles Directorate (AFRL/RV), within the U.S. Department of Defense, has awarded Intuitive Machines, a leading space exploration and infrastructure company, the Joint Energy Technology Supplying On-Orbit Nuclear Power (JETSON) Low-power Mission Application contract.

The $9.49 million award calls for Intuitive Machines to develop technical solutions for satellite positioning and maneuverability using Radioisotope Power Systems (“RPS”) in support of NASA’s GATEWAY – a multi-purpose outpost orbiting the Moon.

The JETSON contract is another example of Intuitive Machines continued focus on diversifying revenue streams across civil, energy, national security, and defense.

The team will leverage their expertise in nuclear power systems, power generation, and space exploration to provide a safe, efficient, and scalable solution for a wide range of space missions.

“As space exploration ventures become more ambitious and diverse, the need for efficient and reliable power sources in space is paramount,” said Pete McGrath, Intuitive Machines Vice President of Business Development. “Developing the ability to expand power sources beyond solar, which requires heavy battery storage, could remove the burden of constantly worrying about a spacecraft’s arrays relative to the sun, and potentially deliver long-term stability for satellites that would otherwise lose power over time.”

Intuitive Machines intends to leverage design and technology developed under its and awards to propose an integrated architecture solution to develop two CubeSats with RPS capable of generating 20 We for position navigation and timing and electric propulsion launched as rideshare on an Intuitive Machines lunar transportation mission.

About Intuitive Machines

Intuitive Machines is a diversified space company focused on space exploration. Intuitive Machines supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Intuitive Machines’ products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit .

Contacts

For investor inquiries:

For media inquiries:



EN
02/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on INTUITIVE MACHINES INC

 PRESS RELEASE

Intuitive Machines Reports First Quarter 2025 Financial Results

Intuitive Machines Reports First Quarter 2025 Financial Results HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, “Intuitive Machines,” or the “Company”), a leading space technology and infrastructure services company, today announced its financial results for the first quarter ended March 31, 2025. Intuitive Machines CEO Steve Altemus said, “We continue to emphasize execution as we see the administration rethinking how the federal government acquires emerging technologies and services, instigates private-sector innovation, and creates long-term value. We ...

 PRESS RELEASE

Intuitive Machines Announces Date for First Quarter 2025 Financial Res...

Intuitive Machines Announces Date for First Quarter 2025 Financial Results Conference Call HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”) (“Company”) announced today that it will release its financial results for the first quarter of 2025 on Tuesday, May 13, 2025, 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 . Once registered, participants can dial in from their phone using a dial-in an...

 PRESS RELEASE

Texas Space Commission Selects Intuitive Machines to Advance Earth Ree...

Texas Space Commission Selects Intuitive Machines to Advance Earth Reentry and Microgravity Biomanufacturing Spacecraft HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- The Texas Space Commission has selected Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”) (“Company”), a leading space technology, infrastructure, and services company, for a grant up to $10 million from the Space Exploration and Research Fund (“SEARF”). This funding supports the development of an Earth reentry vehicle and orbital fabrication lab designed to enable microgravity biomanufacturing and is intended to s...

 PRESS RELEASE

Intuitive Machines Selects SpaceX to Launch its Fourth Lunar Lander Mi...

Intuitive Machines Selects SpaceX to Launch its Fourth Lunar Lander Mission and Lunar Data Relay Satellites HOUSTON, April 08, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, has recently selected SpaceX’s Falcon 9 rocket to launch its fourth lunar delivery mission (“IM-4”) from Florida. The IM-4 mission is expected to include the launch of two lunar data relay satellites intended to support NASA’s Near Space Network Services (“NSNS”) contract. “Lunar surface d...

 PRESS RELEASE

Intuitive Machines Reports Fourth Quarter and Full-Year 2024 Financial...

Intuitive Machines Reports Fourth Quarter and Full-Year 2024 Financial Results HOUSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, “Intuitive Machines,” or the “Company”), a leading space technology, infrastructure, and services company, today announced its financial results for the fourth quarter and full-year ended December 31, 2024. Intuitive Machines CEO Steve Altemus said, “Just two years ago, we became a public company with a bold vision for the future. Over the past year, we’ve deliberately positioned ourselves for long-term success by expan...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch