Inflection Point Acquisition Corp. and Intuitive Machines, LLC Announce Closing of Business Combination; Intuitive Machines, Inc. to Trade on Nasdaq Under Ticker Symbols “LUNR” and “LUNRW”
Summary
HOUSTON & NEW YORK--(BUSINESS WIRE)--Intuitive Machines, LLC, a leading space exploration, infrastructure, and services company, today announced the completion of its business combination with Inflection Point Acquisition Corp. (“Inflection Point”) (Nasdaq: IPAX, IPAXU, IPAXW), a special purpose acquisition company traded on Nasdaq. “Intuitive Machines is playing a critical role in America’s return to the Moon by providing technologies and services to establish long-term lunar infrastructure and commerce,” said Kam Ghaffarian, Ph. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities, (ii) the risk of downturns in the highly competitive and regulated industry in which Intuitive Machines operates, (iii) the impact of the global COVID-19 pandemic, (iv) the uncertainty surrounding a still-emerging market for commercial human spaceflight, (v) the unpredictable nature of space that exposes Intuitive Machines’ products and service offerings to a wide and unique range of environmental risks, which could adversely affect Intuitive Machines’ launch vehicle and spacecraft performance, (vi) Intuitive Machines’ limited operating history, which makes it difficult to evaluate future prospects and the risks and challenges the Company may encounter; and (vii) the implementation of certain policies, priorities, regulations, mandates and introduction of new funding levels by governmental entities with which the Company engages. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.