Space exploration startup Intuitive Machines nears billion-dollar SPAC merger

Intuitive machines LLC is set to merge with a special-purpose acquisition company that would take the space exploration infrastructure provider public at a valuation that could exceed $1 billion, people familiar with the matter have said.

Houston-based Intuitive Machines provides data and technology, including small spacecraft and robots, to support the lunar missions of the National Aeronautics and Space Administration and others. NASA said it hired Intuitive to deploy its Nova-C lunar lander to the Moon and will also use the company’s “hopper” robot on a separate lunar mission. Both operations are part of NASA’s Artemis program and are expected to take place within the next few years.


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