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Intuitive Machines, Inc. was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. [ citation needed ] It is incorporated in Delaware, and headquartered in Houston, Texas.
Intuitive Machines merged with the special-purpose acquisition company (SPAC) Inflection Point Acquisition Corp. (IPAX) to become a publicly held company, a transaction that was completed on February 14, 2023, and its stock began trading on the Nasdaq that day.
On November 4, 2025, the company announced that it would buy Lanteris Space Systems from Advent International in a transaction worth $800 million.