Intuitive Machines, Inc.

Intuitive Machines, Inc. has entered into a Sales Agreement to establish an At-The-Market (ATM) equity offering program. This program allows the company to offer and sell shares of its Class A common stock for aggregate gross proceeds of up to $500.0 million. The sales will be conducted through several agents, including Barclays Capital Inc. and Cantor Fitzgerald & Co., with the company agreeing to pay a commission of up to 3.0% on sales.

Intuitive Machines, Inc. has secured two prime contracts totaling $20 million over three years to operate NASA's Lunar Reconnaissance Orbiter Camera (LROC) and the Korea Pathfinder Lunar Orbiter's ShadowCam instrument. Under these cost-plus-fixed-fee contracts, the company will lead imaging operations, data storage and analysis, and mission support. This initiative will support Intuitive Machines' IM-3 mission and establish foundational infrastructure for secure, sustained lunar operations by integrating LROC data with its planned lunar data relay satellite constellation.

Intuitive Machines reported a significant increase in Q1 2026 revenue to $186.7 million, up from $62.5 million in Q1 2025. However, the company also posted a net loss attributable to the company of $(37.4) million, or $(0.25) per share, compared to a net loss of $(11.4) million, or $(0.11) per share, in the prior year. A major event during the quarter was the acquisition of Lanteris, which significantly impacted the balance sheet, including a $444.8 million cash outflow for acquisitions and the issuance of $403.9 million in Class A Common Stock. The company's total assets more than doubled to $1.72 billion.

Intuitive Machines, Inc. announced a definitive agreement to acquire Goonhilly Earth Station Ltd. (UK) and its COMSAT subsidiary (US operations), aiming to expand its integrated space-to-ground data services network. The UK acquisition is valued at £37 million, split equally between stock and cash, and is expected to close in Q3 2026, subject to regulatory approvals. Concurrently, the company reported record Q1 2026 financial results, with revenue of $186.7 million, positive Adjusted EBITDA of $2.7 million, and a record backlog of $1.1 billion. The company also provided a positive full-year 2026 revenue outlook.

Intuitive Machines, Inc. announced strong financial results for the first quarter ended March 31, 2026, driven by strategic acquisitions and significant new contract wins. The company reported record quarterly revenue of $186.7 million, nearly tripling the prior year, and achieved positive Adjusted EBITDA of $2.7 million. Strategic moves included the $800 million acquisition of Lanteris Space Systems and a definitive agreement to acquire Goonhilly Earth Station, positioning the company as a vertically integrated space prime contractor. Intuitive Machines also secured $428.9 million in new contracts, contributing to a record $1.1 billion backlog.

Intuitive Machines, Inc. announced a definitive agreement to acquire Goonhilly Earth Station Ltd. and Goonhilly USA Inc. This acquisition is set to significantly expand Intuitive Machines' integrated space-to-Earth network, enhancing deep space communications, data relay, and Position Navigation and Timing (PNT) capabilities. The deal is expected to add 44 antennas, increasing network availability and scaling spacecraft communication in lunar and cislunar environments. The transaction is anticipated to close in the third quarter of 2026, pending customary closing conditions and regulatory approvals.

Intuitive Machines, Inc. announced it will release its first quarter 2026 financial results on Thursday, May 14, 2026, before the market opens. Following the release, the company will host a conference call at 8:30 am ET to discuss the results. Investors can access the webcast replay on the company's investor relations website.