/sci/ - Science & Math

https://spacenews.com/intuitive-machines-raises-20-million/

> The Houston-based company said in a Securities and Exchange Commission filing that it sold approximately 4.7 million shares to an unnamed institutional investor at $4.25 per share. The company said it would use the proceeds for “general corporate purposes and working capital needs.”

> In a statement, Steve Altemus, chief executive of Intuitive Machines, said the funding would help the company as it develops a series of lunar lander missions and begins work on a NASA contract, in partnership with KBR, to provide engineering services at the Goddard Space Flight Center. Work on that contract, which has a not-to-exceed value of $719 million over five years, is set to start in the fourth quarter.