{"success":true,"data":{"pressRelease":{"id":"144218","rtpr_id":"nGNX3xcR9f-20260915","ticker":"LUNR","exchange":"NASDAQ","all_tickers":["LUNR"],"title":"Intuitive Machines Completes In-Orbit Commissioning, Delivers SXM-11 to Customer","author":"Globe Newswire","published_at":"2026-09-15T14:30:00.098Z","article_body":"HOUSTON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq:\nLUNR) (\"Intuitive Machines,\" and together with its subsidiaries, the\n\"Company\"), a leading space technology, infrastructure, and services company,\ntoday announced it has completed the handover of the SXM-11 satellite to\nSiriusXM following successful in-orbit testing. The geostationary\ncommunications satellite is now fully operational following a successful\nlaunch by SpaceX on a Falcon 9 rocket on June 28, 2026.\n\n\n\nSXM-11, SiriusXM’s newest satellite, is built on the IM 1300™ series\nplatform.\n\n“For more than two decades, SiriusXM and the Intuitive Machines team have\nworked together to design and deliver multiple generations of high-powered\nsatellites,” said Sean Gibbons, Chief Product and Technology Officer at\nSiriusXM. “This latest satellite builds on the success of SXM-9 and SXM-10,\nand work is already underway on the next satellite in the series. That\nsustained partnership is strengthening the reach, reliability and resilience\nof our next-generation satellite network and helping us deliver the premium\nin-car experience our subscribers count on.”\n\n“SXM-11 marks another milestone in our longstanding partnership with\nSiriusXM. Over the course of our relationship, we have built 13 spacecraft\ntogether,” said Chris Johnson, President, Intuitive Machines Space Systems.\n“This handover reflects our shared commitment to mission success and the\nconfidence SiriusXM continues to place in our team to deliver\nhigh-performance, reliable space systems. We continue to demonstrate our\nability to design, build, and deliver satellite systems that meet the\ndemanding requirements of today’s commercial space market with robust,\nscalable high-power platforms.”\n\nHaving recently completed the acquisitions of KinetX, Lanteris Space Systems,\nand Goonhilly Earth Station Ltd. (“Goonhilly”) and COMSAT LLC, Intuitive\nMachines continues to strengthen its integrated Build-Connect-Operate\nframework as a space infrastructure prime. This unified structure allows the\nCompany to deliver proven, domain-wide technology as a prime, engineering the\nfoundation for the next century of opportunity in space.\n\nAbout Intuitive Machines\nIntuitive Machines is a next-generation space infrastructure company\ndelivering integrated capabilities that build mission-critical spacecraft and\nsystems, connect networks, and operate space infrastructure across Earth\norbit, cislunar space, and deep space. Serving commercial, civil, and national\nsecurity customers, the company enables resilient, scalable infrastructure\nthat supports sustained exploration, communications, security, and commerce\nbeyond Earth. \n\nForward-Looking Statements\nThis press release includes “forward-looking statements” within the\nmeaning of the Private Securities Litigation Reform Act of 1995, as amended.\nThese statements that do not relate to matters of historical fact should be\nconsidered forward looking. These forward-looking statements generally are\nidentified by the words such as “anticipate,” “believe,”\n“continue,” “could,” “estimate,” “expect,” “intend,”\n“may,” “might,” “plan,” “possible,” “potential,”\n“predict,” “project,” “should,” “strive,” “would,”\n“strategy,” “outlook,” the negative of these words or other similar\nexpressions, but the absence of these words does not mean that a statement is\nnot forward-looking. These forward-looking statements include but are not\nlimited to statements regarding: our expectations and plans relating to our\nlunar missions and satellites, including the expected timing of building our\nsatellites and landers, launch and our progress in preparation thereof; our\nexpectations with respect to, among other things, demand for our product\nportfolio, our submission of bids for contracts; our expectations regarding\nrevenue for government and commercial contracts awarded to us; our operations,\nincluding our performance on future lunar missions, our financial performance\nand our industry; our business strategy, business plan, and plans to drive\nlong-term sustainable shareholder value; information regarding our\nexpectations on revenue generation and cash. These forward-looking statements\nreflect the Company’s predictions, projections, or expectations based upon\ncurrently available information and data. Our actual results, performance or\nachievements may differ materially from those expressed or implied by the\nforward-looking statements, and you are cautioned not to place undue reliance\non these forward-looking statements. The following important factors and\nuncertainties, among others, could cause actual outcomes or results to differ\nmaterially from those indicated by the forward-looking statements in this\npress release: our factors detailed under the section titled Part I, Item 1A.\nRisk Factors of our Annual Report on Form 10-K filed with the Securities and\nExchange Commission (the “SEC”), the section titled Part I, Item 2,\nManagement’s Discussion and Analysis of Financial Condition and Results of\nOperations and the section titled Part II. Item 1A. “Risk Factors” in our\nmost recently filed Quarterly Report on Form 10-Q, and in our subsequent\nfilings with the SEC, which are accessible on the SEC's website at\nwww.sec.gov.\n\nContacts\nFor investor inquiries:\ninvestors@intuitivemachines.com\n\nFor media inquiries:\npress@intuitivemachines.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/7579cb03-6dde-4e53-8e79-20f2e6fd4573\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f6f33a5b-6aa9-4646-9299-a0d67dbdae25)\nIntuitive Machines Completes In-Orbit Commissioning, Delivers SXM-11 to\nCustomer \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7579cb03-6dde-4e53-8e79-20f2e6fd4573/en)\nSXM-11, SiriusXM’s newest satellite, is built on the IM 1300™ series\nplatform.\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3xcR9f-20260915","title":"Intuitive Machines Completes In-Orbit Commissioning, Delivers SXM-11 to Customer","author":"Globe Newswire","ticker":"LUNR","created":"2026-09-15T14:30:00.098Z","tickers":["LUNR"],"exchange":"NASDAQ","article_body":"HOUSTON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq:\nLUNR) (\"Intuitive Machines,\" and together with its subsidiaries, the\n\"Company\"), a leading space technology, infrastructure, and services company,\ntoday announced it has completed the handover of the SXM-11 satellite to\nSiriusXM following successful in-orbit testing. The geostationary\ncommunications satellite is now fully operational following a successful\nlaunch by SpaceX on a Falcon 9 rocket on June 28, 2026.\n\n\n\nSXM-11, SiriusXM’s newest satellite, is built on the IM 1300™ series\nplatform.\n\n“For more than two decades, SiriusXM and the Intuitive Machines team have\nworked together to design and deliver multiple generations of high-powered\nsatellites,” said Sean Gibbons, Chief Product and Technology Officer at\nSiriusXM. “This latest satellite builds on the success of SXM-9 and SXM-10,\nand work is already underway on the next satellite in the series. That\nsustained partnership is strengthening the reach, reliability and resilience\nof our next-generation satellite network and helping us deliver the premium\nin-car experience our subscribers count on.”\n\n“SXM-11 marks another milestone in our longstanding partnership with\nSiriusXM. Over the course of our relationship, we have built 13 spacecraft\ntogether,” said Chris Johnson, President, Intuitive Machines Space Systems.\n“This handover reflects our shared commitment to mission success and the\nconfidence SiriusXM continues to place in our team to deliver\nhigh-performance, reliable space systems. We continue to demonstrate our\nability to design, build, and deliver satellite systems that meet the\ndemanding requirements of today’s commercial space market with robust,\nscalable high-power platforms.”\n\nHaving recently completed the acquisitions of KinetX, Lanteris Space Systems,\nand Goonhilly Earth Station Ltd. (“Goonhilly”) and COMSAT LLC, Intuitive\nMachines continues to strengthen its integrated Build-Connect-Operate\nframework as a space infrastructure prime. This unified structure allows the\nCompany to deliver proven, domain-wide technology as a prime, engineering the\nfoundation for the next century of opportunity in space.\n\nAbout Intuitive Machines\nIntuitive Machines is a next-generation space infrastructure company\ndelivering integrated capabilities that build mission-critical spacecraft and\nsystems, connect networks, and operate space infrastructure across Earth\norbit, cislunar space, and deep space. Serving commercial, civil, and national\nsecurity customers, the company enables resilient, scalable infrastructure\nthat supports sustained exploration, communications, security, and commerce\nbeyond Earth. \n\nForward-Looking Statements\nThis press release includes “forward-looking statements” within the\nmeaning of the Private Securities Litigation Reform Act of 1995, as amended.\nThese statements that do not relate to matters of historical fact should be\nconsidered forward looking. These forward-looking statements generally are\nidentified by the words such as “anticipate,” “believe,”\n“continue,” “could,” “estimate,” “expect,” “intend,”\n“may,” “might,” “plan,” “possible,” “potential,”\n“predict,” “project,” “should,” “strive,” “would,”\n“strategy,” “outlook,” the negative of these words or other similar\nexpressions, but the absence of these words does not mean that a statement is\nnot forward-looking. These forward-looking statements include but are not\nlimited to statements regarding: our expectations and plans relating to our\nlunar missions and satellites, including the expected timing of building our\nsatellites and landers, launch and our progress in preparation thereof; our\nexpectations with respect to, among other things, demand for our product\nportfolio, our submission of bids for contracts; our expectations regarding\nrevenue for government and commercial contracts awarded to us; our operations,\nincluding our performance on future lunar missions, our financial performance\nand our industry; our business strategy, business plan, and plans to drive\nlong-term sustainable shareholder value; information regarding our\nexpectations on revenue generation and cash. These forward-looking statements\nreflect the Company’s predictions, projections, or expectations based upon\ncurrently available information and data. Our actual results, performance or\nachievements may differ materially from those expressed or implied by the\nforward-looking statements, and you are cautioned not to place undue reliance\non these forward-looking statements. The following important factors and\nuncertainties, among others, could cause actual outcomes or results to differ\nmaterially from those indicated by the forward-looking statements in this\npress release: our factors detailed under the section titled Part I, Item 1A.\nRisk Factors of our Annual Report on Form 10-K filed with the Securities and\nExchange Commission (the “SEC”), the section titled Part I, Item 2,\nManagement’s Discussion and Analysis of Financial Condition and Results of\nOperations and the section titled Part II. Item 1A. “Risk Factors” in our\nmost recently filed Quarterly Report on Form 10-Q, and in our subsequent\nfilings with the SEC, which are accessible on the SEC's website at\nwww.sec.gov.\n\nContacts\nFor investor inquiries:\ninvestors@intuitivemachines.com\n\nFor media inquiries:\npress@intuitivemachines.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/7579cb03-6dde-4e53-8e79-20f2e6fd4573\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f6f33a5b-6aa9-4646-9299-a0d67dbdae25)\nIntuitive Machines Completes In-Orbit Commissioning, Delivers SXM-11 to\nCustomer \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7579cb03-6dde-4e53-8e79-20f2e6fd4573/en)\nSXM-11, SiriusXM’s newest satellite, is built on the IM 1300™ series\nplatform.\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-15T14:30:00.146583223Z","server_sent_at_ms":1789482600146},"received_at":"2026-09-15T14:30:00.199Z","source_url":null},"analysis":{"id":"133053","press_release_id":"144218","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["no financial terms, contract values, or revenue figures disclosed for the SXM-11 program","commercial satellite business is heavily concentrated on the SiriusXM relationship"],"eventType":"operations_update","narrative":"Intuitive Machines completed in-orbit commissioning and handed over the SXM-11 satellite to SiriusXM, with the spacecraft now fully operational in geostationary orbit.\n\nSXM-11 launched June 28, 2026 on a SpaceX Falcon 9 and is built on the company's IM 1300 platform, marking the 13th spacecraft delivered over the two-decade partnership; work is already underway on the next satellite in the series.\n\nThe release also points to recently completed acquisitions of KinetX, Lanteris Space Systems, Goonhilly Earth Station, and COMSAT LLC, which management says strengthen its integrated Build-Connect-Operate framework as a space infrastructure prime.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Repeat SXM delivery validates LUNR's satellite prime ambitions, but the release quantifies nothing -- wait for backlog or revenue disclosure."},"keyFigures":{"customDimensions":{"launch_date":"June 28, 2026","spacecraft_built_with_siriusxm":13}},"quotedText":"SXM-11 marks another milestone in our longstanding partnership with\nSiriusXM. Over the course of our relationship, we have built 13 spacecraft\ntogether","namedEntities":{"people":[{"name":"Sean Gibbons","role":"Chief Product and Technology Officer, SiriusXM"},{"name":"Chris Johnson","role":"President, Intuitive Machines Space Systems"}],"products":["SXM-11","IM 1300 series platform","Falcon 9","SXM-9","SXM-10"],"companies":[{"name":"Intuitive Machines, Inc.","ticker":"LUNR","relationship":"filer / satellite prime"},{"name":"SiriusXM","relationship":"customer"},{"name":"SpaceX","relationship":"launch provider"},{"name":"KinetX","relationship":"recently acquired subsidiary"},{"name":"Lanteris Space Systems","relationship":"recently acquired subsidiary"},{"name":"Goonhilly Earth Station Ltd.","relationship":"recently acquired subsidiary"},{"name":"COMSAT LLC","relationship":"recently acquired subsidiary"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Successful handover of SXM-11 to SiriusXM validates execution on a repeat commercial satellite program and likely final milestone revenue recognition, but no new contract, backlog, or financial figures were disclosed -- a routine positive operational milestone rather than a market-moving event."},"tickerRelevance":{"others":[{"ticker":"SIRI","relevance":"customer -- SiriusXM took delivery of SXM-11 and has work underway on the next satellite in the series"}],"primary":"LUNR"},"globalImportance":22,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small/mid-cap","eventGravity":"operational-milestone-delivery","sectorWeight":"space infrastructure","issuerAuthored":true,"retailFavoriteBoost":true,"financialFiguresDisclosed":false}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Intuitive Machines completed in-orbit commissioning and handed over the SXM-11 satellite to SiriusXM, with the spacecraft now fully operational in geostationary orbit.\n\nSXM-11 launched June 28, 2026 on a SpaceX Falcon 9 and is built on the company's IM 1300 platform, marking the 13th spacecraft delivered over the two-decade partnership; work is already underway on the next satellite in the series.\n\nThe release also points to recently completed acquisitions of KinetX, Lanteris Space Systems, Goonhilly Earth Station, and COMSAT LLC, which management says strengthen its integrated Build-Connect-Operate framework as a space infrastructure prime.","key_figures":{"customDimensions":{"launch_date":"June 28, 2026","spacecraft_built_with_siriusxm":13}},"named_entities":{"people":[{"name":"Sean Gibbons","role":"Chief Product and Technology Officer, SiriusXM"},{"name":"Chris Johnson","role":"President, Intuitive Machines Space Systems"}],"products":["SXM-11","IM 1300 series platform","Falcon 9","SXM-9","SXM-10"],"companies":[{"name":"Intuitive Machines, Inc.","ticker":"LUNR","relationship":"filer / satellite prime"},{"name":"SiriusXM","relationship":"customer"},{"name":"SpaceX","relationship":"launch provider"},{"name":"KinetX","relationship":"recently acquired subsidiary"},{"name":"Lanteris Space Systems","relationship":"recently acquired subsidiary"},{"name":"Goonhilly Earth Station Ltd.","relationship":"recently acquired subsidiary"},{"name":"COMSAT LLC","relationship":"recently acquired subsidiary"}],"dollarAmounts":[]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-15T14:30:45.213Z","global_importance":22,"audience_relevance":40,"importance_components":{"tickerTier":"small/mid-cap","eventGravity":"operational-milestone-delivery","sectorWeight":"space infrastructure","issuerAuthored":true,"retailFavoriteBoost":true,"financialFiguresDisclosed":false}},"durationMs":45006,"modelName":"glm-5.3-flash"}}