Intuitive Machines is going public. The company, which is developing lunar landers and other tech to enable exploration of the moon, said Friday it would list on the NASDAQ after merging with a special purpose acquisition company (SPAC).
Intuitive Machines, which was founded over nine years ago and is based in Houston, will merge with Inflection Point Acquisition Corp. Once the merger is complete, the combined value of the company will be about $815 million.
Executives from both companies told investors during a call that Intuitive Machines is well-positioned in a sector that is becoming increasingly relevant to the United States’ national security interests. The company already has three missions to the moon l …
