Intuitive Machines Wins $4.82B NASA Contract

By Bobby Samwell • Wednesday, September 18 06:02 • Permanent Link

Intuitive Machines, Inc. (NASDAQ: LUNR, LUNRW) has announced that NASA has awarded the company a near space network (NSN) contract for communication and navigation services for missions in the near space region. This new firm-fixed-price, multiple award, indefinite-delivery/indefinite-quantity (IDIQ) task order contract has a base period of five years with an additional five-year option period, with a maximum potential value of $4.82 billion.

The base ordering period for the contract begins on October 1, 2024, through September 30, 2029, with the option period potentially extending the contract through September 30, 2034.

Intuitive Machines' CEO, Steve Altemus, expressed that this contract marks an inflection point in the company's leadership in space communications and navigation. He stated that the company is pleased to partner with NASA to support the Artemis campaign and endeavors to expand the lunar economy.

A key highlight of this contract is the debut of Intuitive Machines’ lunar satellite constellation, which the company believes is a strategic element in its vision to commercialize lunar activities. The constellation will provide enhanced data and transmission services and autonomous operations, creating a robust infrastructure in line with Intuitive Machines' three pillars to commercialize a celestial body: delivery, data transmission services, and autonomous operations.

As part of this contract, the company will deploy lunar relay satellites and provide communication and navigation services that play an essential role in NASA’s Artemis campaign to establish a long-term presence on the moon.

Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics, with products and services offered through its four in-space business units: lunar access services, orbital services, lunar data services, and space products and infrastructure. Following these announcements, the company's shares moved -5.6%, and are now trading at a price of $5.4. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.