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Closing Bell

Manifest Space: IM-1 Aims for the Moon with Intuitive Machines CEO Steve Altemus 2/13/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 February 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

This Valentine’s Day, Intuitive Machines will become the latest to attempt to launch and land the first commercial lander on the moon. The company is contracted for the mission by NASA as part of its Commercial Lunar Payload Services (CLPS) program, following private held startup Astrobotic’s failed attempt under the same program last month. The SpaceX Falcon 9 will launch the Nova-C lunar lander into space the same day as the company’s one-year anniversary of its public debut. CEO Steve Altemus joins Morgan Brenna ahead of the mission to discuss what’s at stake with the IM-1 mission and outlook for the lunar economy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

The M1 mission will launch on a SpaceX Falcon 9 in the latest attempt to make history.

0:06.0

Scheduled to lift off just before 1 a.m. Eastern on Valentine's Day,

0:10.0

if all goes according to plan,

0:12.0

Intuitive machines Nova Sea Lunar Lander

0:14.1

will begin its journey to the moon,

0:16.3

where on February 22nd, it will try to soft land.

0:20.5

If successful, the lander, named Odysseus, would become the first commercial spacecraft to touch down on the lunar surface, and the first hailing from the U.S. since Apollo 17 in 1972.

0:33.6

Intuitive machines is contracted for the mission with NASA,

0:36.7

transporting government and private payloads

0:38.7

under the Commercial Lunar Payload Services Program,

0:41.1

or clips.

0:42.4

It follows privately held startup

0:44.0

astrobotics failed attempt under the same program last month when

0:47.7

Paragreen suffered a fuel leak that derailed that spacecraft's own planned trip.

0:52.8

Intuitive Machine CEO and President Steve Altimus says years of development and

0:56.6

testing went into this milestone moment.

0:59.5

You know the challenge for this first mission was to do a soft landing on the moon with NASA experiments

1:06.4

and do it in about a four-year time frame as much times as it takes to get an

1:10.3

undergraduate education and do it fixed price for about a hundred million dollars.

1:15.2

And so right there is if you can hit that target, there's a beginning of unit economics that can

1:21.3

work for a business. Intuitive machines is publicly traded.

1:24.0

It's a small cap stock with a market valuation of roughly half a billion dollars

...

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