Simpson Thacher represented Intuitive Machines Inc. in connection with a follow-on offering of Class A common stock by the Company and a selling stockholder and a concurrent private placement. The offering of 10,952,381 shares of the Company's Class A common stock together with the issuance of 952,381 shares of the Company's Class A Common Stock in connection with a concurrent private placement will result in approximately $125 million in gross proceeds. Intuitive Machines intends to the use the net proceeds from the shares offered by the Company for general corporate purposes, including operations, research and development and potential mergers and acquisitions. The Company did not receive any proceeds from the shares sold by the selling stockholder.
Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972.
The Simpson Thacher team included William Golden, Samantha Sergent, Charlotte Bowe, Kelsey Henderson and Noor Irshaidat (Capital Markets – D.C.); Drew Purcell, Caroline Phillips and Kris Liu (Tax); and Paige Brinton (Intellectual Property).