Intuitive Machines, Inc. (LUNR)

Intuitive Machines, Inc. is a space infrastructure and services company founded in 2013 and focused on enabling sustained infrastructure and human activity beyond Earth. It builds spacecraft, connects space-based networks, and operates infrastructure as a service across low Earth orbit, geostationary orbit, cislunar space and deep space. Its strategy is to move from single-mission execution toward continuously operating infrastructure, initially focusing on the Moon and cislunar space. The company became public through a business combination with Inflection Point Acquisition Corp., which domesticated as Intuitive Machines, Inc. in February 2023. It acquired KinetX, Inc. on October 1, 2025 and Lanteris Space Holdings LLC on January 13, 2026.

The business is organized around three integrated capabilities. Build covers the design, manufacture and delivery of spacecraft, satellites, landers, surface systems, propulsion and avionics. Programs include NASA Commercial Lunar Payload Services (CLPS) missions, the Lunar Terrain Vehicle and heavy cargo lander, the Gateway Power and Propulsion Element, Fission Surface Power, Space Development Agency tracking-layer satellite buses, and commercial geostationary communication satellites. Connect integrates deployed assets into communications, navigation, command and control, and data relay networks, including NASA Near Space Network services and a planned lunar data relay constellation. Operate covers mission operations, hosted payload and data services, and navigation and timing services. Build contracts generate the majority of near-term revenue, and the company aims to shift toward recurring, service-based revenue over time. Through Lanteris, it offers the 1300-class geostationary satellite platform and the 500-class spacecraft platform.

Customers span civil, national security and commercial markets. NASA is a key customer, and the company holds four CLPS lunar delivery contracts, the first two of which delivered cargo to the Moon's south pole in 2024 and 2025. National security customers include the Space Development Agency, L3Harris, the Missile Defense Agency (SHIELD IDIQ) and the Air Force Research Laboratory (JETSON). Commercial and international customers include Columbia Sportswear, Nokia, AstroForge, Lunar Outpost, Hughes Network Systems, Vantor, the German Aerospace Center, and other space agencies and telecommunications operators in Europe and Asia. The company also works with state governments and partners such as Boeing, Northrop Grumman, Michelin, CSIRO, Fugro, Goonhilly, Leonardo and Telespazio. Its addressable market spans ground stations, satellites, lunar communications and navigation, landers, surface infrastructure, space robotics and future deep-space missions.

The company sells directly and through a partner network across North America, South America, Europe, Asia and Australia, and it invests in research and development, including satellite bus enhancements, a larger lander design, "survive the night" capability, and pump and tank technologies. It depends on raw materials and components such as avionics, flight computers, radios, power systems and fuel tanks, some of which come from a limited number of qualified suppliers. Competitors include Lockheed Martin, Blue Origin, Astrobotic, Firefly Aerospace, Lunar Outpost, Astrolab, KSAT, SSC, Telespazio, Boeing, Northrop Grumman, SpaceX, Airbus, Astranis and Thales Alenia Space. It has facilities in Texas, California, Arizona, Maryland and Colorado. It had 525 employees at December 31, 2025 and about 1,695 after the Lanteris acquisition.