NASA has awarded Intuitive Machines $30M as a prime contractor to complete a Lunar Terrain Vehicle Services Feasibility Assessment. The contract tasks the Company’s global team with creating a feasibility roadmap to develop and deploy a Lunar Terrain Vehicle on the Moon using Intuitive Machines’ Nova-D cargo-class lunar lander. The first phase award marks the Company’s entrance into human spaceflight operations within NASA’s $4.6B LTV Services project. “This procurement strategically aligns with the Company’s flight-proven capability to deliver payloads to the surface of the Moon under the agency’s Commercial Lunar Payload Services initiative, further solidifying our position as a proven commercial contractor in lunar exploration,” said Intuitive Machines CEO Steve Altemus. “Our global team is on a path to provide essential lunar infrastructure services to NASA in a project that would allow the Company to retain ownership of the vehicle for commercial utilization during periods of non-NASA activity over approximately ten years of lunar surface activity.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUNR:
- Intuitive Machines-led Moon RACER Team Awarded NASA Lunar Terrain Vehicle Contract to Support the Agency’s Artemis Campaign
- Largest borrow rate increases among liquid names
- Intuitive Machines files to sell 159.8M shares of Class A common for holders
- Intuitive Machines files to sell $300M shares of Class A common stock
- Intuitive Machines, Inc.: Navigating the Perils of Government Funding Uncertainty