Intuitive Machines reported Q2 2024 revenue of $41.4 million, up 130% YoY, with year-to-date revenue reaching $114.5 million. The company raised its full-year 2024 revenue guidance to $210-240 million, projecting 2.6-3x growth over 2023. The quarter ended with a contracted backlog of $213 million and a cash balance of $31.6 million, which is expected to fund operations for the next 12 months.The company achieved significant operational milestones, including successful flight engine qualification for its second lunar mission and completion of the system requirements review for its lunar terrain vehicle. Since Q1, Intuitive Machines secured $18 million in commercial rideshare delivery services, selling out mission two capacity. The company has also become debt-free after paying down $5 million in Q2 and the remaining $3 million in July.Looking ahead, Intuitive Machines plans to...Show More

Intuitive Machines reported Q2 2024 revenue of $41.4 million, up 130% YoY, with year-to-date revenue reaching $114.5 million. The company raised its full-year 2024 revenue guidance to $210-240 million, projecting 2.6-3x growth over 2023. The quarter ended with a contracted backlog of $213 million and a cash balance of $31.6 million, which is expected to fund operations for the next 12 months.The company achieved significant operational milestones, including successful flight engine qualification for its second lunar mission and completion of the system requirements review for its lunar terrain vehicle. Since Q1, Intuitive Machines secured $18 million in commercial rideshare delivery services, selling out mission two capacity. The company has also become debt-free after paying down $5 million in Q2 and the remaining $3 million in July.Looking ahead, Intuitive Machines plans to ship its completed mission two lander to the launch site in Q4 2024, with the launch window extending through Q1 2025. The company expects backlog expansion driven by upcoming key awards, including Near Space Network Services and the next Commercial Lunar Payload Services contract. In July, the company submitted a letter of interest to commercialize the NASA VIPER rover system using its cargo class Nova-D lunar lander.