Intuitive Machines, Inc. · NASDAQ:LUNR
Intuitive Machines — Investor Presentation (August 2025)
34 slides from Intuitive Machines's investor presentation, August 2025
Slide 1: Engineered for Space. Built for What's Next.
ENGINEERED FOR SPACE. BUILT FOR WHAT’S NEXT.
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation and any oral statements made in connection with this presentation relate to a proposed private offering of convertible senior notes to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A ("Rule 144A") unde
Slide 3: Today's Presenters
TODAY’S PRESENTERS Steve Altemus Pete McGrath CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER 3
Slide 4: Contents
CONTENTS Section Section Section Section Section 01 Overview 02 Data Transmission 03 Delivery 04 Infrastructure 05 Financial Overview
Slide 5: Section Overview
SECTION OVERVIEW
Slide 6: Build to Deliver. Connected to Scale. Sustained to Endure.
BUILD TO DELIVER. CONNECTED TO SCALE. SUSTAINED TO ENDURE. DELIVERY DATA INFRASTRUCTURE Image: Intuitive Machines IM-2 Mission 2025 6 Intuitive Machines | Overview
Slide 7: Inside Intuitive Machines
INSIDE INTUITIVE MACHINES We make space usable, reachable, and service-enabled for all who dare to pursue their ambitions beyond Earth— whether for science, security, or commercial opportunity. Enabling commercial lunar ambitions with 1s t 6 24 16 7 end-to-end services Commercial company to Networke
Slide 8: Vertically Integrated Space Technology and Services Company
VERTICALLY INTEGRATED SPACE TECHNOLOGY AND SERVICES COMPANY 01 Lunar Production and Operations Center 02 03 Robotics and Science, Research, and Observation Mechanisms 8 Intuitive Machines | Overview
Slide 9: Our Execution Roadmap
OUR EXECUTION ROADMAP DELIVERING OUR COMMITTMENTS DELIVERY DATA INFRASTRUCTURE DELIVERY 6 YEARS 2019 2020 2021 2023 2024 2025 2026 2027 Awarded 1st Awarded 2nd Awarded 3rd Established IM-1 mission Awarded 4th IM-2 Mission Awarded Captured Planned IM-3 Planned IM-4 lunar delivery lunar delivery lunar
Slide 10: Our Approach
OUR APPROACH CLOSED-LOOP, SERVICE-ENABLED SPACE INFRASTRUCTURE Image: Intuitive Machines IM-2 Mission 2025 Image: Intuitive Machines IM-2 Mission 2025 CONTRACT AWARD VEHICLE LAUNCH OPERATIONAL RECURRING REVENUE MANUFACTURING SERVICE SERVICE REVENUE TRIGGER VERTICAL CONTRACTED OPERATIONAL SCALE INTEG
Slide 11: Section Data Transmission
SECTION DATA TRANSMISSION
Slide 12: Data Transmission Vision
DATA TRANSMISSION VISION PRESENT KinetX Acquisition $4.82B(1) Near Space Network Services Contract Closing Expected Prior to Vertical Integration Spaceport Expansion Year End NEAR* Internal Investment Opportunistic M&A First Lunar Data Relay Satellite Deployment MEDIUM* Tracking Data Relay Satellite
Slide 13: Near Space Network Services Highlights
NEAR SPACE NETWORK SERVICES Subcategory 1.2 DTE Geostationary (“GEO”) to Cislunar DTE Services, offering enhanced data HIGHLIGHTS transmission capabilities and autonomous operations. Subcategory 1.3 xCislunar DTE Services, addressing mission needs for highly elliptical orbits and deep space operatio
Slide 14: Vertical Integration Spacecraft Production
VERTICAL INTEGRATION SPACECRAFT PRODUCTION Houston Spaceport Headquarters Expansion HQ Expansion • 16,500-square-foot spacecraft development and production space • 8,000-square-foot warehouse and storage facility • 150 new parking stalls New Facility Lease • 116,000-square-foot facility • Pre-equipp
Slide 15: NSNS Satellite Production
NSNS SATELLITE PRODUCTION Schedule Confidence, Cost Control, and IP Safeguarding • Continuing CLPS-model production, taking a government-backed program and building scalable business—investing contract dollars internally. • Aligning IM-3 mission with satellite readiness to reduce launch costs—now ta
Slide 16: Strategic Acquisition
STRATEGIC ACQUISITION • Intuitive Machines signed a definitive agreement to acquire KinetX Inc., for $30 million, to expand the company’s capabilities in satellite constellation design, ground operations, and precision tracking spacecraft. • KinetX has over a dozen mission credits—including Intuitiv
Slide 17: Goonhilly Earth Station Strategic Partnership
GOONHILLY Image of Goonhilly Earth Station Ltd. GHY-6 Radio Astronomy Dish EARTH STATION STRATEGIC PARTNERSHIP • Formalized a strategic partnership with Goonhilly Earth Station to explore new global opportunities for ground segment data transmission. • Submitting a joint response to NASA for the com
Slide 18: Section Delivery
SECTION DELIVERY
Slide 19: Delivery Vision
DELIVERY VISION PRESENT Contracted Light Cargo Lunar Surface Earth Reenty Development Orbital Transfer Vehicle Heavy-Cargo Lander Development IM-3: $77.5M | IM-4: $116.9M Up to $10M Award $9.8M Development Award LTV: $30M | Study Contract: $500K NEAR* NSNS Satellite National Expected Biopharmaceutic
Slide 20: Orbital Transfer Vehicle
ORBITAL TRANSFER VEHICLE • Received $9.8 million Phase Two award to complete the OTV design, the final step before manufacturing. Render Depicting Intuitive Machines’ OTV Design STEALTH SATELLITE • Continued executing on our sole-source stealth nuclear-powered satellite development for AFRL. • Plann
Slide 21: Partnered for Commercial Progress
PARTNERED FOR COMMERCIAL PROGRESS BIOTECHNOLOGY HANDLING MATERIAL Render Depicting Intuitive Machines’ Earth Reentry EARTH REENTRY SEMICONDUCTOR • Finalized Texas Space Commission contract awarding Intuitive Machines up to $10 million to initiate development of a precision Earth reentry vehicle and
Slide 22: Third Lunar Mission / Fourth Lunar Mission
THIRD LUNAR MISSION • Completed procurements of new navigation sensors and continued performance testing of the optical and laser navigation system. • Targeting May 2026 for flight readiness review, which is the last review prior to shipping to the launch site. With launch expected in 2H 2026. FOURT
Slide 23: Section Infrastructure
SECTION INFRASTRUCTURE
Slide 24: Infrastructure Vision
INFRASTRUCTURE VISION PRESENT On-Orbit Satellite KinetX Acquisition for Lunar Reconnaissance LTV Final Proposal Heavy-Cargo Lander Development Assembly & Manufacturing Constellation Design Orbiter Camera Management Submitted LTV: $30M | Study Contract: $500K Contract Lunar Reconnaissance NEAR* ~$1B
Slide 25: Fission Surface Power
FISSION Render Depicting Intuitive Machines’ Fission Surface Power SURFACE POWER 40KW PRESENT Completing Phase One fission surface power award contract for the Department of Energy and NASA to mature the design solution to deliver at least 40 kWe power flight system to the Moon. NEAR* Submit proposa
Slide 26: Lunar Reconnaissance Data
LUNAR RECONNAISSANCE DATA To complement the satellite constellation, Intuitive Machines operates and provides data analytics services for the Lunar Reconnaissance Orbiter Camera and ShadowCam. As part of this activity, Intuitive Machines stewards the repository for virtually all U.S. lunar imaging a
Slide 27: Moon RACER Team Preparing for Award Decision
MOON RACER TEAM PREPARING FOR AWARD DECISION Render Depicting Intuitive Machines’ LTV Design LUNAR TERRAIN VEHICLE • Finalizing our proposal for NASA’s next phase of the LTV program, which will award a contract to build, fly, and operate the vehicle. • Expecting NASA award decision in 2H 2025. If se
Slide 28: OSAM-1 Advocacy and Momentum
OSAM-1 ADVOCACY AND MOMENTUM Throughout the quarter, we continued advocating for NASA’s OSAM-1 mission under the OMES III contract. In the latest FY 2026 Defense Appropriations markup, Congress directed NASA and the U.S. Space Force to submit a funding profile and plan to launch OSAM-1 by 2028—signa
Slide 29: Section Financial Overview
SECTION FINANCIAL OVERVIEW
Slide 30: Space Economy Segment Disruption
Space Infrastructure: $630B ec o n o my Satellite & Space Applications: $164B s e g men t Satellite Earth Observation d is r u p t io n Communication: $636B Launch Revenue Intuitive Machines Remains Well Positioned to Disrupt Three Core Markets Representing a $1.4 Trillion Opportunity Non-IM Sectors
Slide 31: Lunar Market Traction
LUNAR MARKET TRACTION Expect backlog expansion driven by several potential upcoming awards, along with task orders for OMES and NSN FUNDED CIVIL AND COMMERCIAL LUNAR PROGRAMS Space Science Human Spacecraft and Space Technology Communication Commercial Lunar Payload Services Exploration Related Servi
Slide 32: Attractive Financial Profile
ATTRACTIVE Expect backlog expansion driven by several potential upcoming awards, along with task orders for OMES and NSN FINANCIAL PROFILE Revenue $228 Ending Backlog* Q2 2025 YTD $257M $113M $80 Q2 2025 Backlog 2023A 2024A Operating Profit Ending Cash Balance ($52) Q2 2025 YTD $345M ($61) ($39M) Q2
Slide 33: Major Company Milestones Drive Top Line Growth
MAJOR COMPANY MILESTONES DRIVE TOP LINE GROWTH • Entered into a stock purchase agreement to acquire KinetX for $30.0M • Expand its Lunar Production and Operations Center (“LPOC”) at the Houston Spaceport at Ellington Airport • Secured a $9.8M Phase Two government contract to advance its Orbital Tran
Slide 34: Engineered for Space. Built for What's Next.
ENGINEERED FOR SPACE. BUILT FOR WHAT’S NEXT.
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