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Closing Bell

Manifest Space: To the Moon with Intuitive Machines CEO Steve Altemus 4/13/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 April 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

As NASA’s Artemis program preps its next mission, Morgan takes a deep dive into its multibillion-dollar program to send robots and other payloads to the moon. She sits down with Steve Altemus - the CEO of Intuitive Machines, a contractor for NASA’s CLPS initiative to provide lunar services the space agency. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace 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

To the Moon, literally.

0:03.0

NASA is spending billions of dollars to send robots and cargo to the lunar surface this year.

0:08.0

The Commercial Lunar Payload Services Initiative or Clips, enables science experiments and

0:14.0

tech demonstrations as part of the Artemis program to land humans on the moon.

0:18.0

Basically, NASA is buying lunar delivery services.

0:21.6

We're the winningest most contractor in the Artemis

0:26.0

program winning three missions to the Moon. Intuitive machines which went public

0:30.8

via SPAC in February

0:32.8

is one of the space startups touting clips contracts.

0:36.5

On this episode, co-founder and CEO Steve Altamus

0:39.4

talks about the company's literal moonshot

0:42.4

and the rocket ship rise and subsequent fall back to

0:44.9

earth of the stock whose ticker is lunar, LU and R, naturally. I'm Morgan

0:51.7

Brennan and this is manifest space.

0:53.7

So you recently went public.

0:59.7

I want to get into all of that and the details around that and why the decision to do that now.

1:04.0

But first, I guess a little bit of background on intuitive machines.

1:07.0

Yeah, we've been an engineering company, we've founded in 2013 and you know it wasn't until we were

1:16.6

inventing things for oil and gas for for health care system and for aerospace because that's those are the major

1:25.2

industries here in Houston. We jumped out of Johnson Space Center, NASA's Johnson Space

1:30.2

Center in 2013 and started the company.

1:33.2

And it wasn't until 2018 when the national policy

...

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