Pisd
2 months ago
Market Chatter: Intuitive Machines Sets Sights on Second Moon Trip by Late 2024
10:25:28 AM ET, 05/10/2024 - MT Newswires
10:25 AM EDT, 05/10/2024 (MT Newswires) -- Intuitive Machines (LUNR) plans another moon trip by the end of 2024, aiming to install a 4G network on the lunar surface, in partnership with Nokia's (NOK), Bloomberg reported Friday, citing founder Kam Ghaffarian.
"On our second mission, which will be in the last quarter of the year, we are actually installing a 4G network on the surface of the moon," Ghaffarian said in an interview Thursday.
Ghaffarian is also the co-founder of Axiom Space, a developer of commercial space stations, which is on schedule to launch its first space station module in 2026 after raising $350 million in its most recent funding round.
Ghaffarian sees rapid growth ahead in the space economy, powered by AI, quantum computing, and robotics, Bloomberg said.
Neither Intuitive Machines nor Nokia immediately responded to comment requests by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 5.98, Change: -0.09, Percent Change: -1.48
chenzo11
3 months ago
CEO Steve Altemus shedding some light on the upcoming missions:
(On IM-2, IM-3 and IMC-1) they're all completely sold and they're all here in the factory. The Drill is integrated onto a panel. The Hopper just has a vibration test to do yet. It's fully functional and assembled. The 4G LTE hardware is in the laboratory being tested with Nokia. So that's full. the third mission is being built also, and we have a lot of components for the lander itself being in the laboratories or the shops being handcrafted. That will go a few months after the second mission.And so that'll come together quickly. But again, that mission is sold out. we're cultivating payloads for our first completely commercial mission. And we have several of those payloads that are under contract that we will fly on IMC-1, which is commercial mission one. And I haven't set a date for that, because what we're doing is we're aggregating and manifesting a set of payloads before we say, okay, IMC-1 is full enough to put and cement on the manifest on a certain calendar day.
FooBarAndGrill
3 months ago
NASA will host a news conference to announce the company, or companies, selected to move forward in developing the LTV (Lunar Terrain Vehicle), which will help Artemis astronauts explore more of the Moon’s surface on future missions. The televised event will take place at 4 p.m. EDT (3 p.m. CDT), Wednesday, April 3, at the agency’s Johnson Space Center in Houston.
https://www.nasa.gov/news-release/nasa-to-select-lunar-terrain-vehicle-for-artemis-missions/
chenzo11
3 months ago
Highlights from the 2023 4th Quarter conference call:
Revenue: Q4 revenue of $30.6 million and full-year revenue of $79.5 million, primarily driven by NASA CLPS contracts and OMES III.
Operating Loss: Q4 operating loss of $(5.9) million and full-year operating loss of $(56.2) million, reflecting increased costs and investments.
Backlog: Year-end contracted backlog nearly doubled to $268.6 million, signaling strong future revenue potential.
Cash Balance: Cash balance of $54.6 million as of March 1, 2024, bolstered by warrant exercises from an institutional investor.
Gross Margin: Achieved positive gross margin in December due to OMES III revenue and cost discipline.
Adjusted EBITDA: Negative Adjusted EBITDA of $(49.6) million for the full year, reflecting operational investments and growth initiatives.
Free Cash Flow: Negative free cash flow of $(75.2) million for the full year, due to operating cash use and property and equipment purchases.
chenzo11
3 months ago
Update on the announcement of the LTVS contract (Lunar rover):
NASA will host a news conference to announce the company, or companies, selected to move forward in developing the LTV (Lunar Terrain Vehicle), which will help Artemis astronauts explore more of the Moon’s surface on future missions. The televised event will take place at 4 p.m. EDT (3 p.m. CDT), Wednesday, April 3, at the agency’s Johnson Space Center in Houston.
The news conference will air live on NASA+, NASA Television, the NASA app, and the agency’s website. Learn how to stream NASA TV through a variety of platforms including social media.
chenzo11
4 months ago
LUNR CEO Steve Altemus on yesterday's podcast:
"And then we have two more missions to go. Probably later this and then one early next year. We’ve designed and offered to the government their next human moon buggy, the lunar terrain vehicle, and we would deliver that to the surface. It’s about the size of an F-150 pickup truck and sell that as a service the government and sell it to commercial interest also. And so providing that space infrastructure as a service is kind of, we’re on our way landing softly, communicating, navigating and bringing equipment, cargo and mobility to the surface."
AND:
"So, I think it’s a really special time in history and I love to be a pioneer and breaking this new frontier for the United States."