* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Science

Intuitive Machines on firmer footing after lunar landing

March 22, 2024
in Science
Intuitive Machines on firmer footing after lunar landing
Share on FacebookShare on Twitter

WASHINGTON — Intuitive Machines says it is on firmer financial ground after its first lunar landing as the company works on its next mission and pursues other contracts.

The Houston-based company reported March 21 an operating loss of $56.2 million in 2023 on $75.5 million. The revenue was slightly lower than the $85.9 million the company reported in 2022, when it had an operating loss of $5.5 million.

The company ended the year with a cash balance of just $4.5 million, but that grew to $54.6 million by March 1. Steve Vontur, acting chief financial officer, said on an earnings call the increase came from the exercise of stock warrants by an unnamed institutional investor and strategic investments.

“We are confident that the cash balance carries us through the year. That’s with no additional wins,” Steve Altemus, chief executive of Intuitive Machines, said on the call.

The company, he argued, is in a “fantastic position” to win additional contracts. Several could come as soon as the second quarter, such as a new task order from NASA’s Commercial Lunar Payload Services (CLPS) program, the agency’s Near Space Network Services program for cislunar communications services and the Lunar Terrain Vehicle (LTV) program.

NASA announced March 19 that it will select the company, or companies, to participate in the LTV program April 3. Intuitive Machines submitted a proposal, competing against several established and entrepreneurial companies, offering a rover delivered to the moon on the company’s Nova-D lander.

Altemus said that while LTV has a total value of more than $4 billion, the initial contracts to be announced next month will be feasibility studies valued at about $30 million each over one year. Intuitive Machines is leading a team that includes AVL, Boeing, Michelin and Northrop Grumman.

The company is starting to generate revenue from the OMES III engineering support contract from NASA it won last year. The company recognized $12.5 million in revenue from one month of work on that contract last year, and Vontur said that amount should be the average monthly revenue that contract generates for the next year.

The contract is part of efforts by Intuitive Machines to diversify its business beyond lunar landers, but also carries some risk of its own. That contract includes support for NASA’s On-orbit Servicing, Assembly and Manufacturing (OSAM) 1 mission at the Goddard Space Flight Center, a satellite servicing mission that has suffered significant delays and cost overruns.

“We’re working very closely with NASA to put that project back in the box and get it launched,” Altemus said, noting that OSAM-1 was fully funded in the final fiscal year 2024 spending bill passed earlier this month.

He did not mention, though, that NASA announced March 1 its intent to cancel OSAM-1, winding down work by the end of the current fiscal year. NASA included only $11 million for OSAM-1 in its fiscal year 2025 budget proposal March 11 to cover final closeout of the project.

Altemus acknowledged that there is “a little uncertainty there” regarding OSAM-1, but that if the mission does not go forward NASA would provide the company with other, unspecified work under that contract.

Lunar lander updates

Altemus said the company is continuing to review data from its IM-1 lunar lander mission, which touched down on the moon Feb. 22 and, despite tilting on its side, still returned data from most of its payloads. NASA and the company declared the mission an “unqualified success” as the mission wound down.

Altemus said Intuitive Machines currently expects to get 95% of the award payments under its CLPS task order for the landing, holding back 5% because one payload did not return data. He said the company is talking with NASA about alternative data it could provide to meet that payload’s requirements and earn that remaining 5%.

He said the company has identified areas that “needed adjustment” for the upcoming IM-2 lander mission, including antennas and cameras. “We don’t see any impact to the schedule based on the changes from IM-1. They’re fairly straightforward,” he said.

IM-2 is currently scheduled for November, but he said that could slip in part because NASA is considering moving the landing location slightly in the lunar south polar region to one that may be more likely for payloads on the lander to have access to water ice. “That might have a marginal impact” on the schedule, he said. “We are still planning for a 2024 mission for IM-2.”

The company also has not given up hope of reestablishing contact with IM-1 after the lunar night. Speaking at the American Astronautical Society’s Goddard Space Science Symposium March 21, Trent Martin, senior vice president of space systems at the company, said solar panels on the lander should have started receiving sunlight March 20 after the extended lunar night.

“We have been listening since then and we will continue to listen,” he said, but had not detected any signals from it yet. “I think it’s highly unlikely that it will, but there is a possibility and we will listen for the next couple of days.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : SpaceNews – https://spacenews.com/intuitive-machines-on-firmer-footing-after-lunar-landing/

Tags: Intuitivemachinesscience
Previous Post

Did Rita Ora just bring back the unitard for spring?

Next Post

China’s military is taking a strategic approach to on-orbit refueling

Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

June 29, 2025
Guirassy latest candidate for Milan attack with 70m price tag – Yahoo Sports

Guirassy Emerges as Milan’s Top Striker Target with €70 Million Price Tag

June 29, 2025
‘Half the tree of life’: ecologists’ horror as nature reserves are emptied of insects – The Guardian

Half the Tree of Life at Risk: Ecologists Warn as Insect Populations Plummet in Nature Reserves

June 29, 2025
Health, science cuts affect future jobs – The Acorn

Health, science cuts affect future jobs – The Acorn

June 29, 2025
Why Some People Have Absolutely No Sense Of Direction, According To Science – YourTango

Why Do Some People Struggle with Direction? The Surprising Science of Getting Lost

June 29, 2025
Cardiologist shares how stress and modern lifestyle are raising heart risks in 30s and 40s: ‘Don’t wait for chest pain’ | Health – Hindustan Times – Hindustan Times

Cardiologist shares how stress and modern lifestyle are raising heart risks in 30s and 40s: ‘Don’t wait for chest pain’ | Health – Hindustan Times – Hindustan Times

June 29, 2025
79-year old man competing in his 16th World Police and Fire Games – WVTM

79-year old man competing in his 16th World Police and Fire Games – WVTM

June 29, 2025
The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

June 29, 2025

WATCH: Health Secretary RFK Jr. Faces Intense Questioning on Vaccine Policy and Transparency in House Hearing

June 29, 2025
Jimmy Patronis hails House passage of bill benefitting military, veterans – Florida Politics

Jimmy Patronis Cheers House Approval of Landmark Bill Backing Military and Veterans

June 29, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (700)
  • Economy (723)
  • Entertainment (21,613)
  • General (15,621)
  • Health (9,762)
  • Lifestyle (728)
  • News (22,149)
  • People (724)
  • Politics (729)
  • Science (15,940)
  • Sports (21,220)
  • Technology (15,708)
  • World (703)

Recent News

Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

June 29, 2025
Guirassy latest candidate for Milan attack with 70m price tag – Yahoo Sports

Guirassy Emerges as Milan’s Top Striker Target with €70 Million Price Tag

June 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version