Intuitive Machines receives $600 million satellite communications contract
The company will design and manufacture multiple spacecraft using its IM 1300 platform for a critical infrastructure mission with an undisclosed customer.
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Space infrastructure and operations company
intuitivemachines.comLast updated
In short: Intuitive Machines secured a $600 million satellite contract and appointed Christopher Scolese to its board.
The company will design and manufacture multiple spacecraft using its IM 1300 platform for a critical infrastructure mission with an undisclosed customer.
Revenue reached $206 million, up fourfold year-over-year, while backlog grew to $1.8 billion. Company closed acquisitions and secured major contracts.
The company received an authorization to proceed for a multi-satellite communications infrastructure program from an undisclosed customer.
The firm-fixed-price contract is valued up to $148.3 million for a Nova-C lander delivery by 2028.
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Intuitive Machines announced Aug. 13 that it won a $600 million contract from an undisclosed customer for three GEO communications satellites.
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