FAQ: Intuitive Machines' $345 Million Convertible Senior Notes Offering

What is the main announcement in this content?

Intuitive Machines, Inc. has closed a private offering of $345 million in 2.5% convertible senior notes due 2030, including $45 million from the exercise of an overallotment option.

Why is this funding significant for Intuitive Machines?

This $345 million offering provides substantial capital to support Intuitive Machines’ mission of fundamentally disrupting lunar access economics and advancing its space technology, infrastructure, and services business.

How was the notes offering structured and who participated?

The notes were sold to qualified institutional buyers under Rule 144A of the Securities Act, with Roth Capital Partners serving as co-manager of the private offering.

What are the key terms of the convertible notes?

The notes carry a 2.5% interest rate and are due in 2030, making them convertible senior notes that were offered privately to institutional investors.

Who is Intuitive Machines and what do they do?

Intuitive Machines is a diversified space technology, infrastructure, and services company focused on disrupting lunar access economics through three pillars: Delivery Services, Data Transmission Services, and Infrastructure as a Service.

What notable achievements has Intuitive Machines accomplished?

In 2024, Intuitive Machines successfully soft-landed its Nova-C class lunar lander on the Moon, returning the United States to the lunar surface for the first time since 1972, and returned to the lunar south pole with a second lander in 2025.

Where can I find more information about this offering?

The full announcement can be viewed at https://ibn.fm/0hpNX, and more information about Intuitive Machines is available at their website https://www.intuitivemachines.com/.

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