The Clap
Intuitive Machines is set to go public through a special purpose acquisition company (SPAC) Inflection Point (NASDAQ: IPAX) in a $1 billion deal.
The Deets
Intuitive Machines will merge with Inflection Point in Q1 2023, where Intuitive Machines will be registered on the NASDAQ under the ticker LUNR.
Why this Matters
The deal will see Intuitive Machines earn up to $338 million in cash, as they provide technologies and services in the building of the infrastructure and commerce.
Intuitive Machines’ four business units are developing several technologies that include propulsion and lunar vehicles.
Related News
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Intuitive Machines going public 🚀
