Recent Updates — LUNR

Michael Blitzer resigned from the Board of Directors effective October 21, 2026, citing no disagreements with company operations. The Board appointed Dr. Christopher Scolese as a Class II director effective October 22, 2026, to fill the vacancy. Dr. Scolese brings extensive experience in civil and national security space programs, including service as Director of the National Reconnaissance Office (NRO) and senior leadership roles at NASA. He will serve on the Audit Committee, Nominating and Corporate Governance Committee, and chair the Conflicts Committee. Intuitive Machines is a next-generation space infrastructure company delivering integrated capabilities that build mission-critical spacecraft and systems for commercial, civil, and national security customers.

Intuitive Machines reported second quarter 2026 financial results on August 13, 2026, achieving record quarterly revenue of $206 million and ending the period with a record backlog of $1.8 billion, an increase of $1.5 billion from year-end 2025. The company booked $920 million in awards during Q2 and an additional $300 million in Q3 year-to-date, including a $600+ million contract for three commercial GEO satellites and expanded National Security revenue which grew to 30% of the quarter's total. Intuitive Machines closed its acquisition of Goonhilly Earth Station and COMSAT in August and secured additional CLPS lander contracts under NASA’s Moonbase program. The company provided full-year 2026 revenue guidance of $900 million to $1 billion and expects Adjusted EBITDA to be positive for the year, while maintaining a cash balance of $367 million at quarter-end. Intuitive Machines operates in the space technology industry, providing integrated spacecraft manufacturing, communications, networks, mission operations, and ground infrastructure services.

Intuitive Machines completed its acquisition of Goonhilly Earth Station Limited and COMSAT LLC on August 3, 2026. The UK acquisition consideration was £37.0 million, split equally between cash and stock, with the equity portion consisting of 960,649 shares of Class A common stock. Additionally, the company acquired all membership interests of COMSAT for a base cash purchase price of $10 million, subject to working capital and debt adjustments. The transaction expands Intuitive Machines’ ground station network and deep space communications capabilities, supporting upcoming IM-3 and Altus-1 missions. Intuitive Machines operates in the space technology industry, building spacecraft and providing infrastructure services for commercial, civil, and national security customers.

Intuitive Machines, Inc. announced the final voting results from its Annual Meeting of Stockholders held on June 4, 2026. The meeting results show that Class III director nominees Dr. Kamal Ghaffarian and Drों_Ghaffarian and Stephen Altemus, and the appointment of Grant Thornton LLP as independent registered public accounting firm, were all successfully elected/ratified.