Announced
Completed
Financials
Tags
Acquisition
Merger
Single Bidder
De-SPAC
Majority
Aerospace
aerospace company
Private
Friendly
United States
Domestic
Reverse Takeover
Completed
Synopsis
Intuitive Machines, a diversified space exploration, infrastructure, and services company, went public via a SPAC merger with Inflection Point Acquisition, a blank cheque company, in an $815m deal. "As the United States plans its return to the Moon after a 50-year absence, Intuitive Machines is excited to play a critical role in providing technologies and services to establish long-term lunar infrastructure and commerce. What’s different this time is that the US government has astutely chosen to utilize partnerships with the private sector to accomplish its goals more quickly and more cost-effectively,” Kam Ghaffarian, Intuitive Machines Co-Founder and Chairman.
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