LUNR on Nasdaq

Intuitive Machines

Logo: Intuitive Machines, CC BY 2.0, via Wikimedia Commons4

American aerospace company

Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$207.1MRevenue, fiscal 20255
-$83.3MNet income, fiscal 20255
2013Founded1

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  • TickerLUNR on Nasdaq1
  • Industryspace industry, space-based economy1
  • HeadquartersHouston1
  • Websitewww.intuitivemachines.com
  • Legal formlimited liability company, Delaware corporation1
  • Incorporated inDE6
  • Business address13467 Columbia Shuttle Street, Houston, Tx 770596
  • Filer categoryNon-accelerated filer, Emerging growth company6

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Intuitive Machines Lunar Operations Facility at Houston Spaceport
Photo: Levanters, CC BY-SA 4.0, via Wikimedia Commons8

Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas. It was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. Today the company offers lunar surface access for transportation and payload delivery, data transmission services, and infrastructure-as-a-service. NASA has awarded Intuitive Machines five lunar surface delivery task orders through its Commercial Lunar Payload Services (CLPS) initiative. In 2021 Northrop Grumman announced they would team with Lunar Outpost, Intuitive Machines and Michelin to design a Lunar Terrain Vehicle.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-42.1%Operating margin5
-40.2%Net margin5
-9.2%Revenue growth, 20255
-$56.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs98¢$203.2M
  • Income tax2¢$4.0M

Out of $207.1M in revenue.5 The company lost money this year.

Financial statements

Revenue9105$207.1M in 2025+141% since 2022
0$100.0M$200.0M$300.0M2022: $85.9M$85.9M20222023: $79.6M$79.6M2023−7%2024: $228.0M$228.0M2024+187%2025: $207.1M$207.1M2025−9%
Operating income11105-$87.2M in 2025+1198% since 2022
-$100.0M-$75.0M-$50.0M-$25.0M02022: -$6.7M-$6.7M20222023: -$61.1M-$61.1M2023+810%2024: -$57.4M-$57.4M2024−6%2025: -$87.2M-$87.2M2025+52%
Net income12105-$83.3M in 2025+43645% since 2022
-$300.0M-$200.0M-$100.0M0$100.0M2022: -$190.4K-$190.4K20222023: $61.8M$61.8M20232024: -$283.4M-$283.4M20242025: -$83.3M-$83.3M2025−71%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Service revenue$207.1M$228.0M
Grant revenue$2.9M$0
Total revenues$210.1M$228.0M
Depreciation and amortization$3.6M$1.9M
Impairment of property and equipment$0$5.0M
General and administrative expense (excluding depreciation and amortization)$92.6M$53.3M
Total operating expenses$297.3M$285.4M
Operating loss-$87.2M-$57.4M
Interest income$15.3M$272.0K
Interest expense-$4.2M-$92.0K
Change in fair value of earn-out liabilities-$33.4M-$120.1M
Change in fair value of warrant liabilities$8.4M-$77.7M
Change in fair value of contingent consideration liabilities-$1.9M$0
Loss on issuance of securities$0-$93.1M
Other income, net$91.0K$1.2M
Total other expense, net-$15.7M-$289.5M
Loss before income taxes-$102.9M-$346.9M
Income tax expense-$4.0M-$37.0K
Net loss-$106.8M-$346.9M
Net loss attributable to redeemable noncontrolling interest-$25.1M-$67.0M
Net income attributable to noncontrolling interest$1.5M$3.5M
Net loss attributable to the Company-$83.3M-$283.4M
Less: Preferred dividends-$616.0K-$896.0K
Net income (loss) attributable to Class A common shareholders - basic-$83.9M-$284.3M
Net income (loss) attributable to Class A common shareholders - diluted-$83.9M-$284.3M
Net income (loss) per Class A common share - basic (in dollars per share)-$0.73-$4.63
Net income (loss) per Class A common share - diluted (in dollars per share)-$0.73-$4.63
Weighted average shares outstanding - basic (in shares)115.4M shares61.4M shares
Weighted average shares outstanding - diluted (in shares)115.4M shares61.4M shares

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The story

Founded by Kam Ghaffarian in 2013.1

Intuitive Machines, Inc. was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. It is incorporated in Delaware, and headquartered in Houston, Texas.

Intuitive Machines merged with the special-purpose acquisition company (SPAC) Inflection Point Acquisition Corp. (IPAX) to become a publicly held company, a transaction that was completed on February 14, 2023, and its stock began trading on the Nasdaq that day.

On November 4, 2025, the company announced that it would buy Lanteris Space Systems from Advent International in a transaction worth $800 million.

From Wikipedia’s article on Intuitive Machines, shared under CC BY-SA 4.0.7

Leadership

Who has led Intuitive Machines, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Guy Shanon2021
  2. Stephen J. Altemus2023–now

Chair

  1. Kam Ghaffarian2023

Chief financial officer

  1. Brian Pitz2021–2023
  2. Erik Robinson Worley Sallee2023
  3. Steven Vontur2024
  4. Peter McGrath2025–now

Chief operating officer

  1. Peter McGrath2024–2025
201520202025
Board members and other officers (14)

Products and brands

  • Nova-C

Listed on Wikidata.1

Subsidiaries and ownership

Also owns

From Wikidata.1

Acquisitions

  1. Jan 13, 2026Acquired Lanteris Space Systems1

In September 2022, Intuitive Machines announced that it would merge into special-purpose acquisition company (SPAC) Inflection Point Acquisition Corp. (IPAX) and incorporate as a publicly held company. The transaction was approved by IPAX's shareholders on February 8, 2023, and the business combination was completed six days later.

The stock of the newly named Intuitive Machines, Inc., began trading on the Nasdaq exchange on February 14, 2023.

From Wikipedia’s article on Intuitive Machines, shared under CC BY-SA 4.0.7

Former names

  • Inflection Point Acquisition Corp.Feb 17, 2021 to Feb 10, 20236
  • Intuitive Machines, LLCuntil Feb 13, 20231

Timeline

  1. Feb 14, 2023New chief executive Stephen J. Altemus becomes CEO17
  2. Sep 21, 2021New chief executive Guy Shanon becomes CEO18
  3. 2021Went public Listed on NASDAQ1
  4. 2013Founded Founded1

Filings

526 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 193 insider forms, 63 large holders, 190 other. The latest 20:

  1. Sep 22, 20264 EDGAR
  2. Sep 18, 2026144 EDGAR
  3. Sep 10, 20264 EDGAR
  4. Aug 28, 20264 EDGAR
  5. Aug 27, 2026144 EDGAR
  6. Aug 26, 20264 EDGAR
  7. Aug 13, 202610-Q EDGAR
  8. Aug 13, 20268-K EDGAR
  9. Aug 12, 20264 EDGAR
  10. Aug 6, 2026SCHEDULE 13G/A EDGAR
  11. Aug 3, 20268-K EDGAR
  12. Jul 29, 20264 EDGAR
  13. Jul 29, 20264 EDGAR
  14. Jul 28, 2026SCHEDULE 13G/A EDGAR
  15. Jul 15, 20264 EDGAR
  16. Jul 15, 2026SCHEDULE 13G EDGAR
  17. Jul 7, 2026SCHEDULE 13D/A EDGAR
  18. Jul 1, 2026SCHEDULE 13D/A EDGAR
  19. Jul 1, 20264 EDGAR
  20. Jun 29, 2026144 EDGAR

The 526 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 63 such filings since October 2021, the latest 10:

  1. Aug 6, 2026SCHEDULE 13G/A
  2. Jul 28, 2026SCHEDULE 13G/A
  3. Jul 15, 2026SCHEDULE 13G
  4. Jul 7, 2026SCHEDULE 13D/A
  5. Jul 1, 2026SCHEDULE 13D/A
  6. May 15, 2026SCHEDULE 13G/A
  7. May 5, 2026SCHEDULE 13G
  8. Apr 27, 2026SCHEDULE 13G/A
  9. Mar 27, 2026SCHEDULE 13G/A
  10. Feb 17, 2026SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Advent International, L.P.22,991,028$491.8M2.8%New
BlackRock, Inc.12,235,626$261.7M0.0%+2,225,738
State Street Corp9,962,216$213.1M0.0%+1,974,702
Mirae Asset Global Investments Co., Ltd.6,822,991$145.9M0.3%New
Vanguard Capital Management LLC6,180,117$132.2M0.0%+943,156
Two Sigma Investments, LP5,752,300$123.0M0.1%+4,846,745
D. E. Shaw & Co., Inc.4,988,251$106.7M0.1%−1,174,560
Vanguard Portfolio Management LLC4,016,660$85.9M0.0%+3,095,183
Van Eck Associates Corp3,845,950$82.3M0.1%+1,193,006
Renaissance Technologies LLC3,723,200$79.6M0.1%+1,789,200
Voya Investment Management LLC3,446,711$73.7M0.1%+270,694
Geode Capital Management, LLC3,321,117$71.1M0.0%+465,139
Frontier Capital Management Co LLC3,173,434$67.9M0.6%−340,365
Tema ETFs LLC3,105,074$66.4M2.1%+3,102,854
UBS Group AG3,101,780$66.3M0.0%+679,545
Tidal Investments LLC3,013,162$64.5M0.2%New
ARK Investment Management LLC2,699,401$57.7M0.4%+42,870
Gotham Asset Management, LLC2,020,000$43.2M0.1%No change
Bank Of America Corp /de/1,766,496$37.8M0.0%−116,477
Bank Of Montreal /can/1,575,109$33.7M0.0%+842,215
Morgan Stanley1,448,272$31.0M0.0%+510,500
Millennium Management LLC1,415,395$30.3M0.0%−1,067,480
Goldman Sachs Group Inc1,407,540$30.1M0.0%−102,038
Cantor Fitzgerald, L. P.1,201,718$25.7M0.3%+799,691
Northern Trust Corp1,093,411$23.4M0.0%+190,431

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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