Intuitive Machines Inc
intuitivemachines.comWhat Do They Do?
Builds spacecraft, connects communications networks, and operates space infrastructure for civil, national security, and commercial customers.
10-K for FY2025, filed Mar 19, 2026We build spacecraft, connect space-based networks, and operate infrastructure as-a-service that support operations across low Earth orbit…View ↗
Build — designing, manufacturing, and delivering spacecraft, landers, satellites, surface systems, propulsion, and avionics for government…View ↗
We are an integral partner to our customers and partners. We execute on our commitments and develop end-to-end mission solutions for our…View ↗
How Do They Make Money?
Most revenue comes from long-term contracts to design, develop, build, integrate, and support aerospace systems. Customers pay as work progresses, through milestone payments or payments tied to costs; service work is billed periodically or when milestones are reached.
10-K for FY2025, filed Mar 19, 2026Most of our revenue is from long-term contracts associated with the engineering services for the research, design, development…View ↗
For most of our business, where performance obligations are satisfied due to the continuous transfer of control to the customer, revenue is…View ↗
For a small portion of our business, where we have the right to consideration from the customer in an amount that corresponds directly with…View ↗
$210.1M
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10-K for FY2025, filed Mar 19, 2026
$210.1M ↗
Who Are Their Customers?
Civil and national security agencies and commercial space customers buy spacecraft, mission services, and lunar cargo delivery; the company sells directly and through partner networks.
10-K for FY2025, filed Mar 19, 2026We are an integral partner to our customers and partners. We execute on our commitments and develop end-to-end mission solutions for our…View ↗
Our lunar cargo delivery missions include commercial customers including, Columbia Sportswear Company, Nokia Corporation, Aegis Aerospace…View ↗
Sales: Our sales organization operates directly and via our extensive customer and partner network, which spans across North America, South…View ↗
The main responsibilities for our sales organization include ensuring contract renewals, maintaining relationships and expanding business…View ↗
10-K for FY2025, filed Mar 19, 2026
Major customers are defined as those individually comprising more than 10% of the Company’s total revenue. There was one major customer…View ↗
Do Revenues Turn Into Profits?
No. It lost $83.3M in FY2025.
10-K for FY2025, filed Mar 19, 2026
−$87.2MView ↗
10-K for FY2025, filed Mar 19, 2026
−$83.3MView ↗
10-K for FY2025, filed Mar 19, 2026
−$56MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$46.4MView ↗
- ▲ +84% (Loss)
- vs −$25.2M in Q2 FY2025
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Aug 3, 2026
Completed acquisition of Goonhilly Earth Station and COMSAT
The acquisition expands communications and data-network capacity and broadens customer reach.
Sources
8-K, filed Aug 3, 2026
On August 3, 2026, the Company consummated the Goonhilly Acquisition. Pursuant to the SPA, Buyer acquired all of the issued and outstanding…View ↗
Broader spacecraft manufacturing
The older report centered on lunar access, orbital services, lunar data, and space products; the latest also describes geostationary communications satellite manufacturing and national security satellite production.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 19, 2026We are a premier provider and supplier of space products and services that we believe will enable sustained robotic and human exploration…View ↗
Who Do They Compete With?
Competes with Lockheed Martin, Blue Origin, Astrobotic, Firefly Aerospace, Lunar Outpost, Astrolab Venturi, Kongsberg Satellite Services, Swedish Space, Telespazio, BAE Systems, Boeing, Northrop Grumman, SpaceX, K2 Space, Millenium Space Systems, Rocket Lab, York Space Systems, Airbus, Astranis, and ThalesAlenia Space
10-K for FY2025, filed Mar 19, 2026Competition in our addressable market is mainly divided between incumbents, such as Lockheed Martin and Blue Origin who pursue larger, more…View ↗
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