Space Exploration Startup Intuitive Machines Nears $1 Billion SPAC Merger

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Intuitive Machines is nearing a SPAC merger that would take the space-exploration infrastructure provider public at a valuation that could top $1 billion, people familiar with the matter said

Private companies are flooding to special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk.

Houston-based Intuitive Machines provides data and technology, including small spacecraft and robots, to support lunar missions by the National Aeronautics and Space Administration and others. NASA has said it hired Intuitive to deploy its Nova-C lunar-lander to the moon and also will use a company “hopper” robot on a separate lunar mission. Both operations are part of NASA’sa WSJ membership

 

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Place your bets everyone. The over/under is $1 billion.

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