Intuitive Machines Selected for Multi-Satellite Communications Infrastructure Program

HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) ("Intuitive Machines," and together with its subsidiaries, the "Company"), a leading space technology, infrastructure, and services company, announced it has received an authorization to proceed from an undisclosed customer to begin work on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million.

Under the agreement, Intuitive Machines will leverage its satellite communications expertise and industry-leading IM 1300(TM) satellite platform to design, manufacture, integrate, and support multiple spacecraft for a critical communications infrastructure mission. Additional program details remain confidential at the customer's request.