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Closing Bell

Manifest Space: Intuitive Machine’s Lunar Odyssey with CEO Steve Altemus 3/1/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 March 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Lunar services company Intuitive Machines made history as the first company to successfully land a private spacecraft on the moon. After a wild ride involving a nailbiter of a slightly titled, but soft landing—the spacecraft Odysseus went to sleep as lunar night sets in and is bound to freeze key components. Co-founder & CEO Steve Altemus joins Morgan Brennan to discuss the technical challenges, the sponsorship opportunities which have arisen post-landing, and whether or not Odie can reawaken and “phone home.” 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

Intuitive machines made history, becoming the first company to successfully land a private spacecraft on the moon.

0:07.0

The M1 mission carried out as a part of a NASA program was not without drama though.

0:12.0

After a successful SpaceX launch on February 15th and stock surge,

0:16.0

Odysseus made a nail-biting landing a week later.

0:19.0

Then came the disclosure it had tipped on its side.

0:23.0

Shares plunged as on Monday the warning came that the mission would be cut short.

0:28.0

But that didn't happen. On Wednesday the lander was still active and NASA hailed it a success.

0:35.0

Then, last night, Odysseus went to sleep, as the harsh lunar night set in.

0:40.2

The stock is now higher over the past month, but it's down big after tripling halfway through the mission.

0:45.8

CEO and co-founder Steve Altimus says he's now fielding calls from prospective new customers

0:50.8

for intuitive machines, including Japan, Australia, and some

0:54.8

European and Middle Eastern countries. There's also been an outpouring of interest

0:58.9

in terms of sponsorships and people who want to put their name in the history books on the moon.

1:05.0

So I'm interested in seeing how those take shape also.

1:09.0

Sponsorships, what does that mean? What does that look like?

1:11.0

Well, I know we've had this wonderful sponsorship

1:13.9

and relationship with Columbia from Columbia Sportsware and you know they put a

1:18.7

material on the on the lander an insulator and you know we it started as a sponsorship and turned into an

1:26.4

engineering demonstration that actually proved out their their technology for a warm or cold weather gear and it actually turned out to be a great thermal

1:38.4

insulator.

1:39.4

So we're going to move that thermal insulator materials and coatings from Columbia

1:44.4

onto the lander to replace some of the materials

...

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