0001213900-23-078331 | S-1 | XBRL Viewer

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Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
U.S. federal and state benefit for income taxes (in Dollars)	$ 3.5	$ 400,000	$ 300,000	$ 400,000	$ 7,000
Effective tax rates	23.10%	16.10%	6.30%	5.40%	(0.36%)	0.01%
U.S. statutory tax rate			21.00%		21.00%	21.00%
Cash tax percentage			85.00%
Research and development description					Research and development expenses must be amortized over five years for research performed in the U.S. and 15 years for research performed outside the U.S. Although Congress is considering legislation that would defer the amortization requirement to later years, it is not certain that the provision will be repealed or otherwise modified
Corporate alternative minimum tax					15.00%
Excise tax percentage					1.00%
Federal net operating loss carryforwards (in Dollars)					$ 787,000

Business Combination and Related Transactions (Details) $ / shares in Units, $ in Thousands			1 Months Ended			3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Sep. 16, 2022 USD ($) $ / shares shares	May 31, 2023 shares	Feb. 13, 2023 USD ($) $ / shares shares	Sep. 16, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 shares	Mar. 08, 2023 shares	Feb. 23, 2023 USD ($) $ / shares shares	May 25, 2021 shares
Business Combination and Related Transactions (Details) [Line Items]
Granted									550,000
Earn-out units issued	10,000,000					10,000,000		10,000,000
Sale of stock, price per share (in Dollars per share) \| $ / shares	$ 8.19			$ 10.42		$ 8.19		$ 8.19			$ 10.26
Number of years after closing date								5 years
Temporary equity, issued		26,000			26,000
Preferred stock rate percentage					10.00%
Tax receivable agreement, percent of cash tax savings required to be paid	85.00%					85.00%		85.00%
Tax receivable agreement eligibility minimum percent of common units exchanged	5.00%					5.00%		5.00%
Stock purchase agreement, amount authorized (in Dollars) \| $		$ 50,000
Stock purchase agreement, resale of commitment shares (in Dollars) \| $								$ 1,000
Recapitalization adjustment (in Dollars) \| $	$ 1,000
Net proceeds (in Dollars) \| $	1,000
Stock purchase agreement, liability (in Dollars) \| $	216					$ 216		216
Fair value (in Dollars) \| $	$ 1,000			$ 99,700		$ 1,000		1,000
Repurchase of common stock (in Dollars) \| $								$ 12,800
Preferred Investor Warrants [Member]
Business Combination and Related Transactions (Details) [Line Items]
Number of shares called by warrants		541,667			541,667
Series A Cumulative Convertible [Member]
Business Combination and Related Transactions (Details) [Line Items]
Preferred stock rate percentage					10.00%
SeriesAPurchaseAgreement [Member]
Business Combination and Related Transactions (Details) [Line Items]
Proceeds from issuance of preferred stock and warrants (in Dollars) \| $					$ 26,000
ForwardPurchaseAgreement [Member]
Business Combination and Related Transactions (Details) [Line Items]
Stock purchase agreement, redemption price (in Dollars per share) \| $ / shares	$ 10.19					$ 10.19		$ 10.19
Stock purchase agreement, amount prepaid for repurchase obligation (in Dollars) \| $	$ 25,500					$ 25,500		$ 25,500
Stock purchase agreement, shares to be repurchased	2,500,000					2,500,000		2,500,000
Stock purchase agreement, transaction fees paid (in Dollars) \| $							$ 750
Stock purchase agreement, cash returned to company (in Dollars) \| $											$ 12,700
Stock purchase agreement, gain (loss) on agreement settlement \| (in Dollars) \| $	$ 93					$ 93		$ 93
Earnout Units [Member]
Business Combination and Related Transactions (Details) [Line Items]
Earn-out units, amount that will vest if milestone achieved								2,500,000
Triggering Event II-A [Member]
Business Combination and Related Transactions (Details) [Line Items]
Earn-out units, amount that will vest if milestone achieved								5,000,000
Triggering Event II-A [Member] \| Minimum [Member]
Business Combination and Related Transactions (Details) [Line Items]
Sale of stock, price per share (in Dollars per share) \| $ / shares	$ 15					$ 15		$ 15
Triggering Event II-B [Member] \| Maximum [Member]
Business Combination and Related Transactions (Details) [Line Items]
Sale of stock, price per share (in Dollars per share) \| $ / shares	$ 17.5					$ 17.5		$ 17.5
Triggering Event III [Member]
Business Combination and Related Transactions (Details) [Line Items]
Earn-out units, amount that will vest if milestone achieved								2,500,000
Commitment Shares [Member]
Business Combination and Related Transactions (Details) [Line Items]
Stock purchase agreement, shares, issued	95,785					95,785		95,785
Class B Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Issuance of stock				10,566
Number of votes for each share				1
Commitment shares	10,566					10,566		10,566
Class B Common Stock [Member] \| Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Recapitalization adjustment (in Dollars) \| $
Class C Common Stock
Business Combination and Related Transactions (Details) [Line Items]
Issuance of stock			2,500,000	68,140,188
Number of votes for each share				3
Commitment shares	68,140,188					68,140,188		68,140,188
Class C Common Stock \| Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Recapitalization adjustment (in Dollars) \| $
Class A Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Proceeds from issuance of preferred stock and warrants (in Dollars) \| $					26,000
Stock purchase agreement, amount authorized (in Dollars) \| $					$ 50,000
Commitment shares	5,493,182	100,000			100,000	5,493,182		5,493,182				100,000
Purchase agreement, shares authorized											1,250,000
Class A Common Stock [Member] \| Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Issuance of stock						95,785		95,785
Recapitalization adjustment (in Dollars) \| $
Class A Common Stock [Member] \| Minimum [Member]
Business Combination and Related Transactions (Details) [Line Items]
Commitment shares												1
Class A Common Stock [Member] \| Maximum [Member]
Business Combination and Related Transactions (Details) [Line Items]
Commitment shares												100,000
Class A Common Stock [Member] \| ForwardPurchaseAgreement [Member]
Business Combination and Related Transactions (Details) [Line Items]
Authorized but not purchased due to early termination	1,250,000					1,250,000		1,250,000
Purchase agreement, shares authorized										1,250,000
Class A Common Stock [Member] \| Triggering Event II-A [Member]
Business Combination and Related Transactions (Details) [Line Items]
Sale of stock, price per share (in Dollars per share) \| $ / shares	$ 15					$ 15		$ 15
Class A Common Stock [Member] \| Triggering Event II-B [Member]
Business Combination and Related Transactions (Details) [Line Items]
Earn-out units, amount that will vest if milestone achieved								7,500,000
Sale of stock, price per share (in Dollars per share) \| $ / shares	15					15		$ 15
Class A Common Stock [Member] \| Triggering Event III [Member]
Business Combination and Related Transactions (Details) [Line Items]
Sale of stock, price per share (in Dollars per share) \| $ / shares	$ 17.5					$ 17.5		$ 17.5
Class A Common Stock [Member] \| Commitment Shares [Member]
Business Combination and Related Transactions (Details) [Line Items]
Stock purchase agreement, shares, issued	0					0		0
Series A Preferred Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Sale of stock, price per share (in Dollars per share) \| $ / shares		$ 15			$ 15
Temporary equity, issued	26,000	26,000			26,000	26,000		26,000
Preferred stock rate percentage								10.00%
Series A preferred stock, par value (in Dollars per share) \| $ / shares	$ 0.0001	$ 0.0001			$ 0.0001	$ 0.0001		$ 0.0001
TRA Holders [Member]
Business Combination and Related Transactions (Details) [Line Items]
Tax receivable agreement, percent of cash tax savings required to be paid	85.00%					85.00%		85.00%
Intuitive Machines, LLC [Member]
Business Combination and Related Transactions (Details) [Line Items]
Business combination, consideration transferred (in Dollars) \| $				$ 8,100				$ 700,000
Equity interest issued or issuable								68,155,203
Granted								1,874,719
Earn-out units issued	10,000,000					10,000,000		10,000,000
Tax receivable agreement eligibility minimum percent of common units exchanged	5.00%					5.00%		5.00%
Intuitive Machines, LLC [Member] \| Earnout Units [Member]
Business Combination and Related Transactions (Details) [Line Items]
Earn-out units issued	10,000,000					10,000,000		10,000,000
Intuitive Machines, LLC [Member] \| Class B Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Common stock reserved for future issuance	1,873,307					1,873,307		1,873,307
Intuitive Machines, LLC [Member] \| Class B Common Stock [Member] \| Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Equity interest issued or issuable								15,015
Intuitive Machines, LLC [Member] \| Class C Common Stock
Business Combination and Related Transactions (Details) [Line Items]
Common stock reserved for future issuance	10,000,000					10,000,000		10,000,000
Intuitive Machines, LLC [Member] \| Class C Common Stock \| Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Equity interest issued or issuable								68,140,188
Intuitive Machines, LLC [Member] \| Class A Common Stock [Member]
Business Combination and Related Transactions (Details) [Line Items]
Number of shares called by warrants		541,667			541,667

Debt (Details) - Schedule of outstanding debt - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Outstanding Debt [Abstract]
Credit Mobilization Facility	$ 20,000	$ 20,000	$ 12,000
First Insurance Funding Loan			108
Principal amount of long-term debt		20,000	12,108
Less: deferred financing costs		(39)
Less: current maturities		(16,098)	(12,108)
Long-term debt, net of current maturities		$ 3,863

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Variable interest entity

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Variable interest entity [Abstract]

VARIABLE INTEREST ENTITY

NOTE 16 — VARIABLE INTEREST ENTITY

The Company determines whether joint ventures in which it has invested meet the criteria of a variable interest entity or “VIE” at the start of each new venture and when a reconsideration event has occurred. A VIE is a legal entity that satisfies any of the following characteristics: (a) the legal entity does not have sufficient equity investment at risk; (b) the equity investors at risk as a group, lack the characteristics of a controlling financial interest; or (c) the legal entity is structured with disproportionate voting rights.

The Company consolidates a VIE if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

IX, LLC Joint Venture

The Company participates in the IX, LLC joint venture (“IX LLC JV”) with X-energy, a nuclear reactor and fuel design engineering company, developing high-temperature gas cooled nuclear reactors and fuel to power them. We hold a 51% interest in the IX LLC JV and X-energy holds a 49% interest. Kamal Ghaffarian is also the co-founder and current member of management of X-energy. Intuitive Machines and X-energy are common controlled entities. We have determined that IX, LLC JV is a variable interest entity and Intuitive Machines is the primary beneficiary because it is most closely associated with the activities of the joint venture. Therefore, we consolidate this VIE for financial reporting purposes.

The IX LLC JV was formed to pursue nuclear space propulsion and surface power systems in support of future space exploration goals. In the third quarter of 2022, the IX LLC JV received an award from Battelle Energy Alliance (“BEA”) to design a fission surface power system that can operate on the surface of the Moon to support sustained lunar presence and exploration of Mars. As of June 30, 2023, the IX LLC JV had total assets of $2.8 million and total liabilities of $2.6 million, and total assets and total liabilities of $1.3 million as of December 31, 2022, associated with project execution activities subcontracted to the IX LLC JV partners and other third parties.

Space Network Solutions, LLC

The Company participates in the Space Network Solutions, LLC (“SNS LLC”) with KBR Wyle Services, LLC (“KBR”), a leading provider of specialized engineering, and professional, scientific and technical services primarily to the U.S. federal government. Under the terms of the Amended LLC Agreement, we hold a 90% interest in the SNS, LLC and KBR hold a 10% interest. SNS, LLC is a VIE and Intuitive Machines is the primary beneficiary.

SNS, LLC was formed to provide cyber security as well as communication & tracking services using its expertise in developing secure ground system architecture for lunar space missions. In the second quarter of 2023, NASA awarded SNS, LLC a cost-plus-fixed-fee indefinite-delivery, indefinite quantity contract to support work related to the Joint Polar Satellite System, NASA’s Exploration and In-space Services. Intuitive Machines and KBR entered into a separate joint venture agreement (the “OMES III JV Agreement”) within SNS, LLC to execute the OMES III contract with a profits interest of 47% for Intuitive Machines and 53% for KBR. We have determined that the OMES III JV agreement represents a silo within SNS, LLC and is a standalone VIE. Intuitive Machines is the primary beneficiary of this silo based on the governance structure of the OMES III JV Agreement. SNS, LLC has not recognized any activity since its inception.

NOTE 15 — VARIABLE INTEREST ENTITY

IX, LLC Joint Venture

The Company participates in the IX, LLC joint venture (“IX LLC JV”) with X-energy, LLC (X-energy), a nuclear reactor and fuel design engineering company, developing high-temperature gas cooled nuclear reactors and fuel to power them. We hold a 51% interest in the IX LLC JV and X-energy holds a 49% interest. The co-founder and executive chairman of Intuitive Machines is also the co-founder and current member of management of X-energy. Intuitive Machines and X-energy are common controlled entities. We have determined that IX, LLC JV is a variable interest entity and Intuitive Machines is the primary beneficiary because it is most closely associated with the activities of the joint venture. Therefore, we consolidate this VIE for financial reporting purposes.

The IX LLC JV was formed to pursue nuclear space propulsion and surface power systems in support of future space exploration goals. In the third quarter of 2022, the IX LLC JV received an award from Battelle Energy Alliance (“BAE”) to design a fission power system that can operate on the surface of the Moon to support sustained lunar presence and exploration of Mars. As of December 31, 2022, the IX LLC JV had total assets of $1.3 million and total liabilities of $1.3 million associated with project execution activities subcontracted to the JV partners and other third parties.

Unit-Based Compensation (Details) - Schedule of Unit Option Activity - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Schedule of Unit Option Activity [Abstract]
Number of Options Outstanding, Beginning Balance	3,353,000	3,043,000
Weighted Average Exercise Price Outstanding, Beginning Balance	$ 1.63	$ 1
Weighted Average Remaining Contractual Term (Years) Outstanding Beginning Balance	8 years 10 months 24 days	6 years 4 months 24 days
Aggregate Intrinsic Value (000’s) Outstanding, Beginning Balance	$ (10,643,900)	$ (791,180)
Number of Options, Granted		550,000
Weighted Average Exercise Price, Granted		$ 4.81
Weighted Average Remaining Contractual Term (Years), Granted		9 years 10 months 24 days
Aggregate Intrinsic Value (000’s), Granted
Number of Options, Exercised	(25,166)	(5,500)
Weighted Average Exercise Price, Exercised		$ 1
Weighted Average Remaining Contractual Term (Years), Exercised		8 years 8 months 12 days
Aggregate Intrinsic Value (000’s), Exercised
Number of Options, Forfeited/Cancelled	(16,711)	(234,500)
Weighted Average Exercise Price, Forfeited/Cancelled	$ 0.26	$ 1
Weighted Average Remaining Contractual Term (Years), Forfeited/Cancelled		8 years 8 months 12 days
Aggregate Intrinsic Value (000’s), Forfeited/Cancelled
Number of Options, Ending Balance		3,353,000
Weighted Average Exercise Price, Ending Balance		$ 1.63
Weighted Average Remaining Contractual Term (Years), Ending Balance	8 years 1 month 28 days	8 years 10 months 24 days
Aggregate Intrinsic Value (000’s), Ending Balance		$ 10,643,900
Number of Options, Exercisable during period	877,510	1,195,550
Weighted Average Exercise Price, Exercisable during period	$ 1.85	$ 1
Weighted Average Remaining Contractual Term (Years), Exercisable during period	7 years 11 months 19 days	8 years 8 months 15 days
Aggregate Intrinsic Value (000’s), Exercisable during period	$ 3,563,467	$ 4,543,090

Property and Equipment, Net (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Property and Equipment, Net [Abstract]

Schedule of Property and Equipment, Net

As of June 30, 2023 and December 31, 2022, property and equipment, net consisted of the following (in thousands):

	June 30, 2023			December 31, 2022
Leasehold improvements	$	1,544		$	1,544
Vehicles and trailers		129			129
Computers and software		2,044			1,673
Furniture and fixtures		794			794
Machinery and equipment		2,392			2,211
Construction in progress		37,390			17,747
Property and equipment, gross		44,293			24,098
Less: accumulated depreciation and amortization		(3,532	)		(2,922	)
Property and equipment, net	$	40,761		$	21,176

As of December 31, 2022, and 2021, property and equipment, net consisted of the following (in thousands):

	December 31, 2022			December 31, 2021
Leasehold improvements	$	1,544		$	1,527
Vehicles and trailers		129			129
Computers and software		1,673			1,306
Furniture and fixtures		794			766
Machinery and equipment		2,211			1,962
Construction in progress		17,747			2,282
Property and equipment, gross		24,098			7,972
Less: accumulated depreciation and amortization		(2,922	)		(2,123	)
Property and equipment, net	$	21,176		$	5,849

Condensed Consolidated Statements of Mezzanine Deficit and Shareholders’ Deficit (Unaudited) - USD ($) $ in Thousands	Series A Preferred Stock	Series A	Class A Common Stock	Class B Common Stock	Class C Common Stock	Redeemable Noncontrolling Interest	Members Units	Treasury Stock	Paid-in Capital	Accumulated Deficit	Total
Beginning balance at Dec. 31, 2020						$ 1,351	$ 1		$ 14,168	$ (30,534)	$ (15,014)
Beginning balance (in Shares) at Dec. 31, 2020							122,500,000
Share-based compensation expense									318		318
Investment in Intuitive Aviation						(1,351)			(149)		(1,500)
Net loss attributable to redeemable noncontrolling interests										(35,648)	(35,648)
Ending balance at Dec. 31, 2021							$ 1		14,337	(66,182)	(51,844)
Ending balance (in Shares) at Dec. 31, 2021							122,500,000
Share-based compensation expense									240		240
Net loss attributable to redeemable noncontrolling interests										(6,896)	(6,896)
Ending balance at Jun. 30, 2022							$ 1		14,577	(73,078)	(58,500)
Ending balance (in Shares) at Jun. 30, 2022							122,500,000
Beginning balance at Dec. 31, 2021							$ 1		14,337	(66,182)	(51,844)
Beginning balance (in Shares) at Dec. 31, 2021							122,500,000
Issuance of units									6		6
Issuance of units (in Shares)							5,500
Share-based compensation expense									624		624
Net loss attributable to redeemable noncontrolling interests										(6,405)	(6,405)
Ending balance at Dec. 31, 2022							$ 1		14,967	(72,587)	(57,619)
Ending balance (in Shares) at Dec. 31, 2022							122,505,500
Beginning balance at Mar. 31, 2022							$ 1		14,453	(70,524)	(56,070)
Beginning balance (in Shares) at Mar. 31, 2022							122,500,000
Share-based compensation expense									124		124
Net loss attributable to redeemable noncontrolling interests										(2,554)	(2,554)
Ending balance at Jun. 30, 2022							$ 1		14,577	(73,078)	(58,500)
Ending balance (in Shares) at Jun. 30, 2022							122,500,000
Beginning balance at Dec. 31, 2022							$ 1		14,967	$ (72,587)	(57,619)
Beginning balance (in Shares) at Dec. 31, 2022							122,505,500
Issuance of series A preferred stock	$ 25,827
Issuance of series A preferred stock (in Shares)	26,000	26,000
Cumulative preferred dividends	$ 983
Issuance of units									22
Issuance of units (in Shares)							21,500
Share-based compensation expense									101		1,192
Member distributions
Cumulative preferred dividends									(983)
Accretion of preferred stock discount	13
Accretion of preferred stock discount (in Shares)							(13)
Warrants exercised									16,124
Warrants exercised (in Shares)			1,402,106
Recapitalization adjustment									(1,000)
Issuance of Class A Common Stock related to CEF (Notes 3)									834
Issuance of Class A Common Stock related to CEF (Notes 3) (in Shares)			95,785
Issuance of Class C common stock related to earn-out awards (Note 3)					2,500,000			1	19,375
Subsequent remeasurement of redeemable noncontrolling interests									(80,557)
Other
Establishment of redeemable noncontrolling interests						(85,865)
Subsequent remeasurement of redeemable noncontrolling interests						683,575
Net loss attributable to redeemable noncontrolling interests						(19,080)					$ (4,670)
Effects of Business Combination
Recapitalization			$ 2		$ 6		$ (1)		47,438
Recapitalization (in Shares)			13,736,932	10,566	68,140,188		(122,527,000)
Conversion of SAFE Agreements									20,667
Conversion of SAFE Agreements (in Shares)			2,066,666								2,066,667
Issuance of warrants to preferred shareholders									173
Transaction costs									(24,445)
Establishment of the earn-out liabilities									(99,659)
Establishment of noncontrolling interests									85,865
Activities subsequent to the Business Combination
Share-based compensation expense									1,091
Repurchase of common stock								(12,825)
Ending balance at Jun. 30, 2023	$ 26,823		$ 2		$ 7	578,630		(12,825)
Ending balance (in Shares) at Jun. 30, 2023	26,000	26,000	17,301,489	10,566	70,640,188
Beginning balance at Mar. 31, 2023	$ 26,155		$ 2		$ 6	736,028		(12,825)
Beginning balance (in Shares) at Mar. 31, 2023	26,000		16,021,803	10,566	68,140,188
Issuance of series A preferred stock
Cumulative preferred dividends	655
Share-based compensation expense									985
Member distributions
Cumulative preferred dividends									(655)
Accretion of preferred stock discount	13								(13)
Warrants exercised									13,615
Warrants exercised (in Shares)			1,183,901
Recapitalization adjustment									(1,000)
Issuance of Class A Common Stock related to CEF (Notes 3)									834
Issuance of Class A Common Stock related to CEF (Notes 3) (in Shares)			95,785
Issuance of Class C common stock related to earn-out awards (Note 3)					$ 1				19,375
Issuance of Class C common stock related to earn-out awards (Note 3) (in Shares)					2,500,000
Subsequent remeasurement of redeemable noncontrolling interests									(33,141)
Other
Establishment of redeemable noncontrolling interests
Subsequent remeasurement of redeemable noncontrolling interests						(146,654)
Net loss attributable to redeemable noncontrolling interests						(10,744)					$ 18,777
Ending balance at Jun. 30, 2023	$ 26,823		$ 2		$ 7	$ 578,630		$ (12,825)
Ending balance (in Shares) at Jun. 30, 2023	26,000	26,000	17,301,489	10,566	70,640,188

Leases (Details)	1 Months Ended	6 Months Ended	12 Months Ended
Leases (Details)	Sep. 30, 2021 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 31, 2023	Jun. 30, 2022
Leases (Details) [Line Items]
Number of finance leases		0
Number of real estate leases		6
Property and equipment, gross		$ 44,293,000	$ 24,098,000	$ 7,972,000
Lessee, ground lease, number of optional renewal periods		4 years
Operating lease right-of-use assets		$ 4,471,000	4,829,000	1,829,000
Present value of lease liabilities			$ 5,803,000	2,885,000
Lease terms			8 months
Reimburse				40,000,000
Capitalized construction			$ 10,300,000
Corresponding financing obligation			$ 9,100,000
Lease agreement term		157 years	20 years			49 years
Optional renewal periods			5 years
Right-of-use assets and corresponding lease liabilities			$ 3,100,000
Leasehold improvement costs			10,300,000	0
Lunar Operations Center [Member]
Leases (Details) [Line Items]
Amount of lease costs able to be reimbursed	$ 40,000,000
Long-term debt		$ 24,000,000	9,100,000
Lessee, ground lease, term of renewal period		5 years
Sale and leaseback transaction, gain (loss), net		$ 0
Operating lease right-of-use assets		3,000,000	$ 3,100,000
Present value of lease liabilities		$ 3,200,000
Lessee, ground lease, term of contract		20 years
Minimum [Member]
Leases (Details) [Line Items]
Lease term		16 months
Lease terms			16 months
Maximum [Member]
Leases (Details) [Line Items]
Lease term		250 years
Lease terms			250 months
Construction in Progress [Member]
Leases (Details) [Line Items]
Property and equipment, gross		$ 37,390,000	$ 17,747,000	$ 2,282,000
Construction in Progress [Member] \| Lunar Operations Center [Member]
Leases (Details) [Line Items]
Property and equipment, gross		26,500,000	10,300,000
Office Building [Member]
Leases (Details) [Line Items]
Lease term					8 years
Reimbursable Leasehold Improvement Costs [Member]
Leases (Details) [Line Items]
Property and equipment, gross		$ 26,100,000	$ 10,300,000

Variable interest entity (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
Variable interest entity (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
IX, LLC Joint Venture [Member]
Variable interest entity (Details) [Line Items]
Interest percentage	51.00%	51.00%
Total assets (in Dollars)	$ 2.8	$ 1.3
Total liabilities (in Dollars)	$ 2.6	$ 1.3
IX, LLC Joint Venture [Member] \| X-Energy [Member]
Variable interest entity (Details) [Line Items]
Interest percentage	49.00%
IX, LLC Joint Venture [Member] \| X-energy, LLC [Member]
Variable interest entity (Details) [Line Items]
Interest percentage		49.00%
Space Network Solutions, LLC [Member]
Variable interest entity (Details) [Line Items]
Interest percentage	90.00%
Variable interest entity profits interest percent.	47.00%
Space Network Solutions, LLC [Member] \| KBR [Member]
Variable interest entity (Details) [Line Items]
Interest percentage	10.00%
Variable interest entity profits interest percent.	53.00%

Business Combination and Related Transactions

6 Months Ended

Jun. 30, 2023

Business Combinations [Abstract]

BUSINESS COMBINATION AND RELATED TRANSACTIONS

NOTE 3 — BUSINESS COMBINATION AND RELATED TRANSACTIONS

On February 13, 2023 as contemplated by the Business Combination Agreement, Intuitive Machines, Inc. and Intuitive Machines, LLC consummated the Business Combination, whereby: (i) Intuitive Machines, LLC appointed Intuitive Machines, Inc. as its managing member; (ii) Intuitive Machines, Inc. issued to certain existing members of Intuitive Machines, LLC, 10,566 shares of Intuitive Machines Class B Common Stock having one vote per share and no economic rights, or 68,140,188 shares of Class C Common Stock having three votes per share and no economic rights, in each case, in exchange for payment from such Intuitive Machines, LLC members of a per-share price equal to the par value per share of such stock, and equal to the number of Intuitive Machines, LLC common units held by such person as of and on the Closing Date; (iii) Intuitive Machines, Inc. contributed to Intuitive Machines, LLC an amount in cash of $8.1 million, net of transaction costs, in exchange for certain units in Intuitive Machines, LLC; and (iv) the other transactions contemplated by the Business Combination Agreement (the “Transactions”) were consummated as further described below.

Intuitive Machines, LLC Conversion and Recapitalization

In connection with the Business Combination, Intuitive Machines, LLC changed its jurisdiction of organization from Texas to Delaware. Immediately prior to the Closing, Intuitive Machines, LLC effectuated the recapitalization whereby all outstanding equity securities of Intuitive Machines, LLC were converted into common units of Intuitive Machines, LLC (“Intuitive Machines, LLC common units”), options to purchase Intuitive Machines, LLC common units (“Intuitive Machines, LLC options”) and unvested earn out units of Intuitive Machines, LLC (“Earn Out Units”).

Consideration and Structure

As a result of the Up-C structure, the Business Combination consideration received by Intuitive Machines, LLC members consisted of securities of both Intuitive Machines, LLC having economic rights but not voting rights and Intuitive Machines, Inc. having voting rights but not economic rights equal to a value of approximately $700.0 million. In particular, the Business Combination consideration received by the Intuitive Machines, LLC members comprised of an aggregate of (a) (i) 68,155,203 Intuitive Machines, LLC Common Units, (ii) 1,874,719 Intuitive Machines, LLC Options and (iii) 10,000,000 Earn Out Units and (b) (i) 15,015 shares of Intuitive Machines, Inc. Class B Common Stock (excluding 1,873,307 shares of Intuitive Machines, Inc. Class B Common Stock reserved for issuance upon exercise of Intuitive Machines, LLC Options) and (ii) 68,140,188 shares of Intuitive Machines, Inc. Class C Common Stock (excluding 10,000,000 shares of Intuitive Machines, Inc. Class C Common Stock reserved for issuance upon vesting of the Earn Out Units).

The 10,000,000 Earn Out Units received by the applicable Intuitive Machines, LLC Members are subject to vesting and will be earned, released and delivered upon satisfaction of the following milestones: (i) 2,500,000 Earn Out Units will vest if, during the Earn Out Period (as defined below), Intuitive Machines is awarded the OMES III Contract by NASA (“Triggering Event I”), (ii) 5,000,000 Earn Out Units will vest if, within the Earn Out Period, Triggering Event I occurs and the volume weighted average closing sale price of Intuitive Machines, Inc. Class A Common Stock equals or exceeds $15.00 per share (“Triggering Event II-A”), (iii) 7,500,000 Earn Out Units will vest if, within the Earn Out Period, Triggering Event I has not occurred and the volume weighted average closing sale price of Intuitive Machines, Inc. Class A Common Stock equals or exceeds $15.00 per share (“Triggering Event II-B”), and (iv) 2,500,000 Earn Out Units will vest if, within the Earn Out Period, Triggering Event III occurs the volume weighted average closing sale price of Intuitive Machines, Inc. Class A Common Stock equals or exceeds $17.50 per share (“Triggering Event III”), provided, that Triggering Event II-A and Triggering Event II-B may not both be achieved. “Earn Out Period” means (i) with respect to Triggering Event I, the time period beginning on September 16, 2022 and ending at 11:59 pm ET on December 31, 2023, and (ii) with respect to Triggering Event II-A, Triggering Event II-B and Triggering Event III, the time period beginning on the date that is 150 days following the Closing Date and ending on the date that is the five (5) year anniversary of the Closing Date. If a Change of Control (as defined in the Business Combination Agreement) occurs during the Earn Out Period that results in the holders of Intuitive Machines, Inc. Class A Common Stock receiving a per share price greater than or equal to $15.00 or $17.50, respectively, then immediately prior to the consummation of such Change of Control, to the extent not previously triggered, then Triggering Event II-A or Triggering Event II-B will be deemed to have occurred, as applicable, and the applicable Earn Out Units shall vest.

Upon the vesting of any Earn Out Units, each of the applicable Intuitive Machines, LLC Members will be issued (i) by Intuitive Machines, LLC an equal number of Intuitive Machines, LLC Common Units and (ii) by Intuitive Machines, Inc. an equal number of shares of Intuitive Machines, Inc. Class C Common Stock, in exchange for surrender of the applicable Earn Out Units and the payment to Intuitive Machines, Inc. of a per-share price equal to the par value per share of the Intuitive Machines, Inc. Class C Common Stock. See Note 2 for further discussion of Triggering Event I which vested upon the OMES III award by NASA in May 2023.

After the expiration of the applicable lock-up period, holders of certain Intuitive Machines, LLC Common Units will be permitted to exchange such Intuitive Machines, LLC Common Units (along with the cancellation of the paired share of Intuitive Machines, Inc. Class B Common Stock or share of Intuitive Machines, Inc. Class C Common Stock) for shares of Intuitive Machines, Inc. Class A Common Stock on a one-for-one basis pursuant to the second amended and restated limited liability company agreement of Intuitive Machines, LLC (the “Second A&R Operating Agreement”) (subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications) or, at the election of Intuitive Machines, Inc. (determined by a majority of the directors of Intuitive Machines, Inc. who are disinterested with respect to such determination), cash from a substantially concurrent public offering or private sale in an amount equal to the net amount, on a per share basis, of cash received as a result of such public offering or private sale.

The Series A Investment

On September 16, 2022, concurrently with the execution of the Business Combination Agreement, the Intuitive Machines, Inc. entered into a purchase agreement (the “Series A Purchase Agreement”) with Kingstown 1740 (an existing security holder of the Intuitive Machines, Inc. and an affiliate of IPAX’s sponsor, Inflection Point Holdings LLC (the “Sponsor”) and Ghaffarian Enterprises (an affiliate of Kamal Ghaffarian, an Intuitive Machines, LLC founder) (collectively, the “Series A Investors”), pursuant to which, and on the terms and subject to the conditions of which, Intuitive Machines, Inc. agreed to issue and sell to the Series A Investors (i) an aggregate of 26,000 shares of 10% Series A Cumulative Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”) which will be convertible into shares of Intuitive Machines, Inc. Class A common stock in accordance with the terms of the Certificate of Designation of Preferences, Rights and Limitations of 10% Series A Cumulative Convertible

Preferred Stock (the “Certificate of Designation”) and (ii) warrants to purchase 541,667 shares of Intuitive Machines, Inc. Class A Common Stock at an initial exercise price of $15.00 per share, subject to adjustment (the “Preferred Investor Warrants”).

In conjunction with the closing, the Company received proceeds of $26.0 million and issued 26,000 shares of Series A Preferred Stock and 541,667 Preferred Investor Warrants. The Series A Preferred Stock and Preferred Investor Warrants each represent freestanding financial instruments. The Series A Preferred Stock is not a mandatorily redeemable financial and is redeemable at the option of the Series A Investors. The Series A Preferred Stock was recorded as Series A preferred stock subject to possible redemption and classified as temporary equity pursuant to ASC 480-10-S99. The Preferred Investor Warrants were classified as equity. The $26.0 million in proceeds received were allocated to the Series A Preferred Stock and Preferred Investor Warrants based on the relative fair value of the instruments at closing.

Tax Receivable Agreement

Intuitive Machines, Inc. entered into a tax receivable agreement (the “Tax Receivable Agreement”) with Intuitive Machines, LLC and certain Intuitive Machines, LLC Members (the “TRA Holders”) at Closing. Pursuant to the TRA, Intuitive Machines, Inc. will generally be required to pay the TRA Holders 85% of the amount of the cash tax savings, if any, in U.S. federal, state, and local taxes that are based on, or measured with respect to, net income or profits, and any interest related thereto that Intuitive Machines, Inc. (and applicable consolidated, unitary, or combined subsidiaries thereof, if any realizes, or is deemed to realize, as a result of certain tax attributes (the “Tax Attributes”), including:

• existing tax basis in certain assets of Intuitive Machines, LLC and certain of its direct or indirect subsidiaries, including assets that will eventually be subject to depreciation or amortization, once placed in service;

• tax basis adjustments resulting from taxable exchanges of Intuitive Machines, LLC Common Units (including any such adjustments resulting from certain payments made by Intuitive Machines, Inc. under the TRA) acquired by Intuitive Machines, Inc. from a TRA Holder pursuant to the terms of the Second A&R Operating Agreement;

• certain tax benefits realized by Intuitive Machines, Inc. as a result of certain U.S. federal income tax allocations of taxable income or gain away from Intuitive Machines, Inc. and to other members of Intuitive Machines, LLC and deductions or losses to Intuitive Machines, Inc. and away from other members of Intuitive Machines, LLC, in each case as a result of the Business Combination; and

• tax deductions in respect of portions of certain payments made under the TRA.

Under the terms of the TRA, Intuitive Machines, Inc. will make payments to the TRA Holders in respect of 85% of the cash tax savings resulting from the net tax benefit of certain Tax Attributes. However, until a TRA Holder exchanges at least 5% of its Intuitive Machines, LLC Common Units, Intuitive Machines, Inc. will hold such payments applicable to existing basis until the TRA Holder satisfies such threshold exchange. As of June 30, 2023, no TRA Holder had exchanged at least 5% of its Intuitive Machines, LLC Common Units. Future exchanges will result in incremental tax attributes and potential cash tax savings for Intuitive Machines, Inc. Depending on Intuitive Machines, Inc.’s assessment on realizability of such Tax Attributes, the arising TRA liability will be recorded through income.

Equity Facility

On September 16, 2022, the Company entered into a common stock purchase agreement (the “Cantor Purchase Agreement”), dated September 16, 2022, with CF Principal Investments LLC (“CFPI”) relating to an equity facility under which shares of newly issued Intuitive Machines, Inc. Class A Common Stock may be sold to CFPI by Intuitive Machines, Inc. Pursuant to the terms of the Cantor Purchase Agreement, Intuitive Machines, Inc. will have the right, but not the obligation, from time to time at its sole discretion, until the first day of the month following the 18-month period from and after the Commencement (as defined in the Cantor Purchase Agreement), to direct CFPI to purchase up to the lesser of (i) $50.0 million of newly issued Intuitive Machines, Inc. Class A Common Stock and (ii) the Exchange Cap, by delivering written notice to CFPI prior to the commencement of trading on any trading day, subject to certain customary conditions and limitations set forth in the Cantor Purchase Agreement. In connection with the execution of the Cantor Purchase Agreement, the Company agreed to issue 100,000 shares (the “Commitment Shares”) of Intuitive Machines, Inc. Class A Common Stock to CFPI. The Company entered into a registration rights agreement with CFPI, pursuant to which it agreed to register for resale, pursuant to Rule 415 under the Securities Act, the shares of Intuitive Machines, Inc. Class A Common Stock that are sold to CFPI under the equity facility and the Commitment Shares. During the second quarter of 2023, we recorded a recapitalization adjustment to increase other current liabilities and decrease to paid-in capital for $1.0 million to recognize the Commitment Share liability within our condensed consolidated balance sheets which was not previously recognized in the balance sheet of IPAX prior to the closing of the Business Combination.

In June 2023, the Company issued 95,785 Commitment Shares to CFPI. Under the terms of the Cantor Purchase Agreement, to the extent after the resale of the Commitment Shares by CFPI is less than $1.0 million, the Company will pay CFPI the difference between $1.0 million and the net proceeds of the resale of the Commitment Shares received by CFPI in cash. As of June 30, 2023, none of the Commitment Shares have been sold by CFPI and the Company has recorded a liability of approximately $216 thousand, reflected in Other current liabilities in our condensed consolidated balance sheets as of June 30, 2023, representing the difference between $1.0 million and the fair value of the Commitment Shares.

As of June 30, 2023, no shares of Class A Common Stock have been sold to CFPI under the Cantor Purchase Agreement.

Forward Purchase Agreements

Prior to the closing of Business Combination, the Company entered into forward purchase agreements with two separate counterparties pursuant to which each counterparty agreed to purchase 1,250,000 shares of Class A Common Stock from shareholders who had previously tendered such shares for redemption but agreed to reverse their redemption and sell such shares to the counterparties at the redemption price of approximately $10.19 per share. The Company prepaid approximately $25.5 million to the counterparties at the closing of the Business Combination to secure its purchase obligation to repurchase the 2,500,000 shares at the redemption price per share on the option expiration date that was one month after closing of the Business Combination. The forward purchase agreements were accounted for as a prepaid asset and marked to fair value through earnings each period until the agreements were terminated or expired. The Company paid transaction fees to the counterparties totaling $750 thousand which was recorded as general and administrative expense during the first quarter of 2023.

On February 23, 2023, one of the counterparties exercised their right to optional early termination of the forward purchase agreement for 1,250,000 shares and returned approximately $12.7 million in cash to the Company resulting in an immaterial net loss on termination for the three months ended March 31, 2023. On March 8, 2023, the remaining forward purchase agreement expired resulting in the Company’s repurchase of 1,250,000 shares resulting in a net gain on settlement of the agreement of approximately $93 thousand recorded in other income (expense) during the first quarter of 2023. The repurchased Class A shares were recorded as treasury stock upon expiration of the forward purchase agreement in the amount of $12.8 million based on a stock price of $10.26 per share on the date of repurchase.

Revenue (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Revenue [Abstract]

Schedule of Disaggregate our Revenue from Contracts

The following table provides information about disaggregated revenue for the three and six months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
Revenue by Contract Type
Fixed price	$	15,949	89	%	$	18,084	94	%	$	32,544	90	%	$	34,552	92	%
Time and materials		2,044	11	%		1,133	6	%		3,685	10	%		3,136	8	%
Total	$	17,993	100	%	$	19,217	100	%	$	36,229	100	%	$	37,688	100	%

The following tables provide information about disaggregated revenue for the years ended December 31, 2022 and 2021 (in thousands):

	Year Ended December 31,
	2022				2021
Revenue by Contract Type
Fixed price	$	80,801	94	%	$	68,487	94	%
Time and materials		5,145	6	%		4,063	6	%
Total	$	85,946	100	%	$	72,550	100	%

Schedule of Contract Assets

The following table presents contract assets as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Contract Assets
Deferred contract costs	$	4,125	$	6,633
Unbilled receivables		582		346
Total	$	4,707	$	6,979

The following table presents contract assets as of December 31, 2022 and December 31, 2021 (in thousands):

	December 31, 2022		December 31, 2021
Contract Assets
Deferred contract costs	$	6,633	$	1,800
Unbilled receivables		347		44
Total	$	6,979	$	1,844

Schedule of Contract Liabilities

The following table presents contract liabilities as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Contract liabilities – current
Deferred revenue	$	22,560	$	39,831
Contract loss provision		11,449		10,120
Accrued launch costs		6,645		6,705
Total contract liabilities – current		40,654		56,656

Contract liabilities – long-term
Contract loss provision		—		2,188
Total contract liabilities – long-term		—		2,188
Total contract liabilities	$	40,654	$	58,844

The following table presents contract liabilities as of December 31, 2022 and December 31, 2021 (in thousands):

	December 31, 2022		December 31, 2021
Contract Liabilities
Contract liabilities – current
Deferred revenue	$	39,831	$	31,644
Contract loss provision		10,120		12,001
Accrued launch costs		6,705		5,984
Total contract liabilities – current		56,656		49,629
Contract liabilities – long-term
Contract loss provision		2,188		10,530
Total contract liabilities – long-term		2,188		10,530
Total contract liabilities	$	58,844	$	60,159

Leases

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Leases [Abstract]

LEASES

NOTE 6 — LEASES

The Company leases real estate for office space and for administrative, research, marketing and light manufacturing operations of the lessee’s aerospace related research and development business under operating leases. There are no finance leases.

The Company has six real estate leases with lease terms ranging from 16 months to 250 months, some of which contain options to extend and some of which contain options to terminate the lease without cause at the option of lessee.

The Company’s real estate leasing agreements include terms requiring the Company to reimburse the lessor for its share of real estate taxes, insurance, operating costs and utilities which the Company accounts for as variable lease costs when incurred since the Company has elected to not separate lease and non-lease components, and hence are not included in the measurement of lease liability. For the three and six months ended June 30, 2023 and 2022, there were no significant variable lease costs. There are no restrictions or covenants imposed by any of the leases, and none of the Company’s leases contain material residual value guarantees.

In September 2021, the Company signed a ground lease agreement for the development of a lunar operations center that will serve as a production and testing facility of lunar lander components and other aerospace related operations. The facility is currently under construction, and the lessor will reimburse up to $40.0 million for certain costs incurred by the Company for design, construction, and development. The Company concluded that it was deemed the owner, for accounting purposes only, of the facility under build-to-suit lease accounting due to its involvement in the construction activities of the facility. Accordingly, the Company is accounting for the construction of the facility as a financing arrangement. As of June 30, 2023 and December 31, 2022, the Company has capitalized $26.5 million and $10.3 million of construction in progress, respectively, and a corresponding financing obligation of $24.0 million and $9.1 million, respectively. Upon completion of the construction project, the ground lease agreement will have

an initial term of 20 years with four optional renewal periods of 5 years each. During the fourth quarter of 2022, construction was completed for a portion of the lunar operations center, and the Company took possession of the completed facility. Upon commencement of the lease, the Company determined that the facility qualified for sale and leaseback accounting, with the leaseback being classified as an operating lease. No gain or loss was recognized or deferred on the sale of the facility, as the fair value upon completion was determined to be equal to the carrying value. As of June 30, 2023, the Company recorded right-of-use assets of $3.0 million and corresponding lease liabilities of approximately $3.2 million. As of December 31, 2022, the Company recorded right-of-use assets and corresponding lease liabilities of approximately $3.1 million.

In December 2022, the Company entered into an operating lease for additional office space. The lease commenced in January 2023 with a lease term of 8 months.

The components of total lease expense are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Operating lease cost	$	160	$	139	$	456	$	272
Short-term lease cost		145		—		145		—
Total lease cost	$	305	$	139	$	601	$	272

The components of supplemental cash flow information related to operating leases are as follows (in thousands):

	Six Months Ended June 30,
	2023			2022
Cash paid (received) for amounts included in the measurement of lease liabilities:
Cash flow from operating activities	$	485		$	361
Weighted average lease term (months)		157			49
Weighted average discount rate		5.6	%		5.9	%

The Company recorded $26.1 million and $10.3 million in property and equipment related to reimbursable leasehold improvement costs incurred as of June 30, 2023 and December 31, 2022, respectively.

The operating lease ROU assets, current operating lease liabilities and non-current operating lease liabilities are disclosed in our condensed consolidated balance sheets.

The table below includes the estimated future undiscounted cash flows for operating leases as of June 30, 2023 (in thousands):

Year Ending December 31,	Amount
Remainder of 2023	$	376
2024		916
2025		768
2026		706
2027		219
Thereafter		5,681
Total undiscounted lease payments	$	8,666
Less: imputed interest		3,159
Present value of lease liabilities	$	5,507

NOTE 5 — LEASES

The Company leases real estate for office space and for administrative, research, marketing and light manufacturing operations of the Lessee’s aerospace related research and development business under operating leases. There are no finance leases.

The Company’s real estate leasing agreements include terms requiring the Company to reimburse the lessor for its share of real estate taxes, insurance, operating costs and utilities which the Company accounts for as variable lease costs when incurred since the company has elected to not separate lease and non-lease components, and hence are not included in the measurement of lease liability. For the years ended December 31, 2022 and 2021, there were no significant variable lease costs. There are no restrictions or covenants imposed by any of the leases, and none of the Company’s leases contain material residual value guarantees.

In the year ended December 31, 2021, the Company signed a ground lease agreement for the development of a lunar operations center that will serve as a production and testing facility of lunar lander components and other aerospace related operations. The facility is currently under construction, and the lessor will reimburse up to $40 million for certain costs incurred by the Company for design, construction, and development. The Company concluded that it was deemed the owner, for accounting purposes only, of the facility under build-to-suit lease accounting due to its involvement in the construction activities of the facility. Accordingly, the Company is accounting for the construction of the facility as a financing arrangement. As of December 31, 2022, the Company has capitalized $10.3 million of construction in progress and a corresponding financing obligation of $9.1 million. Upon completion of the construction project, the ground lease agreement will have an initial term of 20 years with four optional renewal periods of 5 years each. During the fourth quarter of 2022, construction was completed for a portion of the lunar operations center, and the Company took possession of the completed facility. Upon commencement of the lease, the Company determined

that the facility qualified for sale and leaseback accounting, with the leaseback being classified as an operating lease. The Company recorded right-of-use assets and corresponding lease liabilities of approximately $3.1 million. No gain or loss was recognized or deferred on the sale of the facility, as the fair value upon completion was determined to be equal to the carrying value.

As of December 31, 2022, the Company had entered into an operating lease for additional office space that had not yet commenced. The lease commenced in January 2023 with a lease term of 8 months.

The components of total lease expense are as follows (in thousands):

	Year Ended December 31,
	2022		2021
Operating lease cost	$	721	$	478
Total lease cost	$	721	$	478

The components of supplemental cash flow information related to operating leases are as follows (in thousands):

	Year Ended December 31,
	2022			2021
Cash paid (received) for amounts included in the measurement of lease liabilities:
Cash flow from operating activities	$	832		$	633
Weighted Average Lease Term (months)		155			59
Weighted average discount rate		5.7	%		6.0	%

The Company recorded $10.3 million and zero in property and equipment related to reimbursable leasehold improvement costs incurred as of December 31, 2022 and 2021, respectively.

The supplemental balance sheet information related to operating leases for the period is as follows (in thousands):

	December 31, 2022		December 31, 2021
Long-term right-of-use assets	$	4,829	$	1,829

Current lease liabilities	$	725	$	514
Long-term lease liabilities		5,078		2,371
Total operating lease liabilities	$	5,803	$	2,885

The table below includes the estimated future undiscounted cash flows for operating leases as of December 31, 2022 (in thousands):

Year Ending December 31,	Amount
2023	$	858
2024		916
2025		768
2026		706
2027		219
Thereafter		5,681
Total undiscounted lease payments	$	9,148
Less: imputed interest		3,345
Present value of lease liabilities	$	5,803

Debt

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Debt Disclosure [Abstract]

DEBT

NOTE 7 — DEBT

The following table summarizes our outstanding debt (in thousands):

	June 30, 2023			December 31, 2022
Credit Mobilization Facility	$	20,000		$	20,000
Less: deferred financing costs		(25	)		(39	)
Less: current maturities		(19,975	)		(16,098	)
Long-term debt, net of current maturities	$	—		$	3,863

As of June 30, 2023 and December 31, 2022, the weighted-average interest rate on short-term borrowings outstanding was 9.87% and 6.55%, respectively.

Live Oak Credit Mobilization Facility

On December 12, 2019, we entered into a loan agreement with Live Oak Banking Company which provided a $12.0 million Credit Mobilization Facility with a due date of December 12, 2022 and a $1.0 million line of credit with a due date of December 12, 2020. Both the Credit Mobilization Facility and line of credit bear interest (payable monthly) at a rate per annum equal to 6%. The Credit Mobilization Facility and line of credit are secured by substantially all of the assets of the Company. On December 8, 2020 the Company entered into a Loan Modification Agreement with Live Oak Banking Company which amended the terms of the line of credit, including decreasing the maximum principal from $1.0 million to $400 thousand, extending the maturity date from December 12, 2020 to December 10, 2021, and changing the interest rate from 6.0% to a variable interest rate at the prime rate, as published in the Wall Street Journal newspaper, plus 2.0%. On April 30, 2021, we entered into a commitment with Live Oak Banking Company which provided a $12.0 million contract mobilization credit facility with a loan maturity of November 15, 2022, which superseded the existing contract mobilization credit facility. On December 10, 2021, the line of credit expired. The Company had no balance outstanding at that time and did not renew the line of credit.

On July 14, 2022, we entered into the Second Amended and Restated Loan Agreement with Live Oak Banking Company which provided an $8.0 million mobilization credit facility with a loan maturity of July 14, 2024 and extended the maturity date of our existing $12.0 million mobilization credit facility to November 14, 2023. The $8.0 million mobilization credit facility requires early payment of principal upon the completion of certain mission milestones. If the milestones are completed, principal payments of $4.1 million and $3.9 million would be due prior to loan maturity in 2023 and 2024, respectively. The $12.0 million mobilization credit facility requires principal payments of $8.0 million on August 15, 2023 and $4.0 million on November 14, 2023. The mobilization credit facilities bear interest (payable monthly) at a rate per annum equal to the greater of (a) the prime rate, as published in the Wall Street Journal newspaper, plus 2.0% and (b) 5.0%. The mobilization credit facilities require the Company to meet certain financial and other covenants and are secured by substantially all of the assets of the Company. There was $20.0 million outstanding under the credit mobilization facilities as of June 30, 2023 and December 31, 2022.

NOTE 6 — DEBT

The following table summarizes our outstanding debt (in thousands):

	December 31, 2022			December 31, 2021
Credit Mobilization Facility	$	20,000		$	12,000
First Insurance Funding Loan		—			108
Principal amount of long-term debt		20,000			12,108
Less: deferred financing costs		(39	)		—
Less: current maturities		(16,098	)		(12,108	)
Long-term debt, net of current maturities		3,863			—

As of December 31, 2022, the weighted-average interest rate on short-term borrowings outstanding was 6.55%. As of December 31, 2021, the weighted-average interest rate on short-term borrowings outstanding was 5.25%.

Live Oak Credit Mobilization Credit Facility Line of Credit

On December 12, 2019, we entered into a loan agreement with Live Oak Banking Company which provided a $12.0 million Credit Mobilization Facility with a due date of December 12, 2022 and a $1.0 million line of credit with a due date of December 12, 2020. Both the Credit Mobilization Facility and line of credit bear interest (payable monthly) at a rate per annum equal to 6.0%. The Credit Mobilization Facility and line of credit are secured by substantially all of the assets of the Company. On December 8, 2020 the Company entered into a Loan Modification Agreement with Live Oak Banking Company which amended the terms of the line of credit, including decreasing the maximum principal from $1.0 million to $400 thousand, extending the maturity date from December 12, 2020 to December 10, 2021, and changing the interest rate from 6.0% to a variable interest rate at the prime rate, as published in the Wall Street Journal newspaper, plus 2.0%. On April 30, 2021, we entered into a commitment with Live Oak Banking Company which provided a $12.0 million contract mobilization credit facility with a loan maturity of November 15, 2022, which superseded the existing contract mobilization credit facility. On December 10, 2021 the line of credit expired. The Company had no balance outstanding at that time and did not renew the line of credit.

On July 14, 2022, we entered into the Second Amended and Restated Loan Agreement with Live Oak Banking Company which provided an $8.0 million mobilization credit facility with a loan maturity of July 14, 2024 and extended the maturity date of our existing $12.0 million mobilization credit facility to November 14, 2023. The $8.0 million mobilization credit facility requires early payment of principal upon the completion of certain mission milestones. If the milestones are completed, principal payments of $4.1 million and $3.9 million would be due prior to loan maturity in 2023 and 2024, respectively. The $12.0 million mobilization credit facility requires principal payments of $8.0 million on August 15, 2023 and $4.0 million on November 14, 2023. The mobilization credit facilities bear interest (payable monthly) at a rate per annum equal to the greater of (a) the prime rate, as published in the Wall Street Journal newspaper, plus 2% and (b) 5%. The mobilization credit facilities require the Company to meet certain financial and other covenants and are secured by substantially all of the assets of the Company. There was $20 and $12 million outstanding under the credit mobilization facilities as of December 31, 2022 and 2021, respectively.

Paycheck Protection Program

On April 7, 2020, the Company received loan proceeds of $1.8 million (the “PPP Loan”) pursuant to the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The PPP Loan, which was in the form of a promissory note (the “Note”), dated April 7, 2020, between Intuitive Machines and Live Oak Banking Company, as the lender, originally matured on April 7, 2022. Under the terms of the PPP, some or all of the PPP Loan amount may be forgiven if the PPP Loan proceeds are used for qualifying expenses as described in the CARES Act and the Note, such as payroll costs, benefits, rent, and utilities. The Company applied for forgiveness to the Small Business Association (“SBA”) on December 14, 2020. On April 4, 2021, the Company was notified that the PPP Loan was forgiven and recorded a $1.8 million gain on extinguishment of debt.

First Insurance Funding Loans

On August 24, 2021, we entered into a loan agreement with First Insurance Funding (“First FIF Loan”) which provided $0.1 million in credit to be used to purchase certain insurance policies with a due date of May 21, 2022. On December 3, 2021, we entered into a second loan agreement with First Insurance Funding (“Second FIF Loan”) which provided an additional $0.1 million in credit to be used to purchase certain insurance policies with a due date of May 21, 2022. Both the First FIF Loan and the Second FIF Loan, collectively the “FIF Loans”, bear interest (payable monthly) at a rate per annum equal to 5.9%. There was $— and $0.1 million outstanding under the FIF Loans as of December 31, 2022 and 2021, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Property and Equipment, Net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Property and Equipment, Net [Line Items]
Depreciation	$ 615	$ 1,100	$ 319	$ 507	$ 259	$ 800
Property and equipment net book value	39,900	20,300				4,700
Construction costs	26,500	10,300
Leases cost	10,600	7,300
Construction in progress	$ 379	$ 247	$ 206	$ 68	$ 37	$ 33

Summary of Significant Accounting Policies (Details) - Schedule of Other Current Liabilities - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Financing obligation, current (see Note 6 – Leases)	$ 23,971	$ 9,117
Payroll accruals	4,091	2,117
Professional fees accruals	1,491	3,677
Other accrued liabilities	581	267
Other current liabilities	$ 30,134	$ 15,178

Leases (Details) - Schedule of Total Lease Expense - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule of Total Lease Expense [Abstract]
Operating lease cost	$ 160	$ 139	$ 456	$ 272	$ 721	$ 478
Total lease cost	$ 305	$ 139	$ 601	$ 272	$ 721	$ 478

Fair Value Measurements (Details) - Shedule of Fair Value of Assets and Liabilities - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2023	Dec. 31, 2022
Liabilities
Earn-out liabilities		$ 55,254
SAFE Agreement liabilities	18,300	20,700	18,314
Total liabilities measured at fair value	18,314	55,254	18,314
Level 1 [Member]
Liabilities
Earn-out liabilities
SAFE Agreement liabilities
Total liabilities measured at fair value
Level 2 [Member]
Liabilities
Earn-out liabilities
SAFE Agreement liabilities
Total liabilities measured at fair value
Level 3 [Member]
Liabilities
Earn-out liabilities		55,254
SAFE Agreement liabilities			18,314
Total liabilities measured at fair value	$ 18,314	$ 55,254	$ 18,314

Share-Based Compensation (Details) - Schedule of Summary of the Option Activity - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Share-Based Compensation (Details) - Schedule of Summary of the Option Activity [Line Items]
Number of Options Outstanding, Beginning Balance	1,865,094
Weighted Average Exercise Price Outstanding, Beginning Balance	$ 2.93
Weighted Average Remaining Contractual Term (Years) Outstanding Beginning Balance	8 years 10 months 24 days	6 years 4 months 24 days
Aggregate Intrinsic Value (000’s) Outstanding, Beginning Balance
Number of Options, Granted		550,000
Weighted Average Exercise Price, Granted		$ 4.81
Weighted Average Remaining Contractual Term (Years), Granted		9 years 10 months 24 days
Aggregate Intrinsic Value (000’s), Granted
Number of Options, Exercised	(25,166)	(5,500)
Weighted Average Exercise Price, Exercised	$ 1.8
Weighted Average Remaining Contractual Term (Years), Exercised		8 years 8 months 12 days
Aggregate Intrinsic Value (000’s), Exercised
Number of Options, Forfeited	(16,711)	(234,500)
Weighted Average Exercise Price, Forfeited	$ 1.8	$ 0.3
Weighted Average Remaining Contractual Term (Years), Forfeited		8 years 8 months 12 days
Aggregate Intrinsic Value, Forfeited
Number of Options, Ending Balance	1,823,217	1,865,094
Weighted Average Exercise Price, Ending Balance	$ 2.95	$ 2.93
Weighted Average Remaining Contractual Term (Years), Ending Balance	8 years 1 month 28 days	8 years 10 months 24 days
Aggregate Intrinsic Value (000’s), Ending Balance	$ 9,694,403
Number of Options, Exercisable during period	877,510	1,195,550
Weighted Average Exercise Price, Exercisable during period	$ 1.85	$ 1
Weighted Average Remaining Contractual Term (Years), Exercisable during period	7 years 11 months 19 days	8 years 8 months 15 days
Aggregate Intrinsic Value (000’s), Exercisable during period	$ 3,563,467	$ 4,543,090

Members' Equity (Details) - $ / shares	Jun. 30, 2023	Feb. 13, 2023	Dec. 31, 2022	Sep. 16, 2022	Dec. 31, 2021	May 25, 2021
Members' Equity (Details) [Line Items]
Per unit (in Dollars per share)		$ 10
Common units, issued			122,505,500		122,505,500
Common units, outstanding			122,500,000		122,500,000
Minimum [Member]
Members' Equity (Details) [Line Items]
Per unit (in Dollars per share)			$ 1
Maximum [Member]
Members' Equity (Details) [Line Items]
Per unit (in Dollars per share)					$ 0.00001
Class A Common Stock [Member]
Members' Equity (Details) [Line Items]
Unit share	5,493,182			100,000		100,000
Common units, issued		2,066,667
Class A Common Stock [Member] \| Minimum [Member]
Members' Equity (Details) [Line Items]
Unit share						1
Class A Common Stock [Member] \| Maximum [Member]
Members' Equity (Details) [Line Items]
Unit share						100,000
Class B Common Stock [Member]
Members' Equity (Details) [Line Items]
Unit share	10,566
Common units, issued			5,500		5,500
Common units, outstanding			0		0
Authorized to issue			6,125,000

Leases (Details) - Schedule of Cash Flow Information Related to Operating Leases - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022
Schedule of Cash Flow Information Related to Operating Leases [Abstract]
Cash flow from operating activities	$ 832	$ 633
Weighted Average Lease Term (months)	155 months	59 months
Weighted average discount rate	5.70%	6.00%	5.60%	5.90%

Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of assets	Dec. 31, 2022
Leasehold improvements [Member] \| Minimum [Member]
Asset
Useful Life	1 year
Leasehold improvements [Member] \| Maximum [Member]
Asset
Useful Life	7 years
Vehicles and trailers [Member] \| Minimum [Member]
Asset
Useful Life	3 years
Vehicles and trailers [Member] \| Maximum [Member]
Asset
Useful Life	5 years
Computers and software [Member]
Asset
Useful Life	3 years
Furniture and fixtures [Member]
Asset
Useful Life	5 years
Machinery and equipment [Member] \| Minimum [Member]
Asset
Useful Life	3 years
Machinery and equipment [Member] \| Maximum [Member]
Asset
Useful Life	7 years

Business Description

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Business Description [Abstract]

BUSINESS DESCRIPTION

NOTE 1 — BUSINESS DESCRIPTION

Intuitive Machines, Inc. (formerly known as Inflection Point Acquisition Corp. or “IPAX”), collectively with its subsidiaries (the “Company,” “IM,” “Intuitive Machines,” “we,” “us” or “our”) designs, manufactures and operates space products and services. Intuitive Machines’ near-term focus is to create and operate space systems and space infrastructure on and in the vicinity of the Moon that enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the Moon and exploration to Mars and beyond. Intuitive Machines offers its customers the flexibility needed to pioneer a thriving and diverse lunar economy designed to enable a permanent presence in lunar orbit and on the lunar surface. IM is currently headquartered in Houston, Texas.

Intuitive Machines, Inc. was a blank check company originally incorporated on January 27, 2021 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. On September 24, 2021, IPAX consummated an initial public offering, after which its securities began trading on the Nasdaq Stock Market LLC (“Nasdaq”).

IPAX Business Combination

On September 16, 2022, IPAX entered into a certain Business Combination Agreement (the “Business Combination Agreement”) by and between IPAX and Intuitive Machines, LLC, a Delaware limited liability company (formerly, a Texas limited liability company). On February 10, 2023, as contemplated by the Business Combination Agreement and described in the section titled “The Business Combination Proposal” of the final prospectus and definitive proxy statement of IPAX, dated January 24, 2023 and filed with the U.S. Securities and Exchange Commissions (the “SEC”) on January 24, 2023, IPAX filed a notice of deregistration with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents, and filed a certificate of incorporation and certificate of corporate domestication with the Secretary of State of the State of Delaware, pursuant to which IPAX was domesticated and continues as a Delaware corporation, changing its name to “Intuitive Machines, Inc.”

On February 13, 2023 (the “Closing Date” or “Closing”), Intuitive Machines, Inc. and Intuitive Machines, LLC consummated the previously announced business combination (the “Business Combination”) and related transactions (the “Transactions”) contemplated by the Business Combination Agreement. As a result of the Transactions, all of the issued and outstanding common units of Intuitive Machines, LLC were converted into common stock of Intuitive Machines, Inc. using an exchange ratio of 0.5562 shares of Intuitive Machines, Inc. common stock per each unit of Intuitive Machines, LLC common unit. In addition, Intuitive Machines, LLC’s share-based compensation plan and related share-based compensation awards were exchanged or converted, as applicable, with share-based compensation awards of Intuitive Machines, Inc.

In connection with the Transactions, the Company was reorganized into an Up-C structure, in which substantially all of the assets and business of the Company are held by Intuitive Machines, LLC and continue to operate through Intuitive Machines, LLC and its subsidiaries. Intuitive Machines, Inc. is a holding company whose only material asset is its equity ownership interests of Intuitive Machines, LLC. While Intuitive Machines, LLC became a subsidiary of Intuitive Machines, Inc. and Intuitive Machines, Inc. was appointed as its managing member, Intuitive Machines, LLC was deemed to be the acquirer in the Business Combination for accounting purposes. Accordingly, the Business Combination was accounted for as a reverse recapitalization, in which case the condensed consolidated financial statements of the Company represent a continuation of the Intuitive Machines, LLC and the issuance of common stock in exchange for the net assets of Intuitive Machines, Inc. was recorded at historical cost with no recognition of goodwill or other intangible assets. Operations prior to the Business Combination are those of Intuitive Machines, LLC. In addition, the number of shares subject to, and the exercise price of, the Company’s outstanding options were adjusted to reflect the Business Combination. The treatment of the Business Combination as a reverse recapitalization was based upon the pre-merger members of Intuitive Machines, LLC holding the majority of the voting interests of Intuitive Machines, Inc., Intuitive Machines, LLC’s existing management team serving as the initial management team of Intuitive Machines, Inc., Intuitive Machines, LLC’s appointment of the majority of the initial board of directors of Intuitive Machines, Inc., and the significance of Intuitive Machines, LLC’s operations prior to the Business Combination which represent the entirety of Company’s operations.

In connection with the Business Combination, approximately $34.1 million of cash held in trust, net of redemptions by IPAX’s public shareholders, became available for use by the Company as well as proceeds received from the contemporaneous sale of preferred stock in connection with the closing of a PIPE investment (the “PIPE” investment). In addition, the Company entered into a common stock purchase agreement, dated September 16, 2022 (the “Cantor Purchase Agreement”) relating to an equity facility under which shares of newly issued Intuitive Machines, Inc. Class A common stock may be sold to CF Principal Investments LLC (“CFPI”), at the Company’s discretion, up to the lesser of $50.0 million and the “exchange cap” specified therein, subject to certain customary conditions and limitations set for in the Cantor Purchase Agreement. Beginning on February 14, 2023, Intuitive Machines, Inc. shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”) and warrants to purchase the Class A Common Stock at an exercise price of $11.50 per share (the “Public Warrants”) began trading on Nasdaq under the symbols, “LUNR” and “LUNRW,” respectively.

See Note 3 — Business Combination and Related Transactions for additional information.

NOTE 1 — BUSINESS DESCRIPTION

Intuitive Machines, LLC (the “Company”, “IM”, “Intuitive Machines”, “we” or “our”) designs, manufactures and operates space products and services. Intuitive Machines’ near-term focus is to create and operate space systems and space infrastructure on and in the vicinity of the Moon that enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the Moon and exploration to Mars and beyond. Intuitive Machines offers its customers the flexibility needed to pioneer a thriving and diverse lunar economy designed to enable a permanent presence in lunar orbit and on the lunar surface. IM is currently headquartered in Houston, Texas.

Fair Value Measurements

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 12 — FAIR VALUE MEASUREMENTS

The following tables summarize the fair value of assets and liabilities that are recorded in the Company’s condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022 at fair value on a recurring basis.

	Frequency of Measurement	June 30, 2023
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
Earn-out liabilities	Recurring	$	55,254	$	—	$	—	$	55,254
Total liabilities measured at fair value		$	55,254	$	—	$	—	$	55,254

	Frequency of Measurement	December 31, 2022
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
SAFE Agreement liabilities	Recurring	$	18,314	$	—	$	—	$	18,314
Total liabilities measured at fair value		$	18,314	$	—	$	—	$	18,314

The following table provides a roll-forward of the Company’s Level 3 liabilities (in thousands):

	Earn-out liabilities			SAFE Agreement liabilities
Balance, December 31, 2022	$	—		$	18,314
Additions		99,659			—
Change in fair value		(25,030	)		2,353
Converted to equity		(19,375	)		(20,667	)
Balance, June 30, 2023	$	55,254		$	—

Earn-out Liabilities

The fair value of the earn-out liabilities as of June 30, 2023 was estimated using a Monte Carlo simulation approach that modeled the triggering events including the simulated stock price of the Company over the maturity dates. The significant assumptions utilized in estimating the fair value of the earn-out liabilities include: (i) Intuitive Machines stock price of $8.19; (ii) a dividend yield of 0.0%; (iii) a risk-free rate of 4.20%; and (iv) expected volatility of 90%.

In conjunction with the closing of the Business Combination on February 13, 2023, the fair value of the earn-out liabilities was estimated at $99.7 million. The significant assumptions utilized in estimating the fair value of the earn-out liabilities include: (i) Intuitive Machines stock price of $10.42; (ii) a dividend yield of 0.0%; (iii) a risk-free rate of 3.93%; and (iv) expected volatility of 100%. The probability of the Company being awarded the OMES III contract was assumed at 60%.

SAFE Agreements

Prior to the Business Combination described in Notes 1 and 3, the fair value of the SAFE Agreements under the equity financing scenario were estimated using a Monte Carlo simulation approach. The fair value of the SAFE Agreements under the liquidity event and dissolution event scenarios were estimated based on the present value of the purchase amount.

The unobservable inputs used in the fair value measurement of the Company’s SAFE Agreements are the probabilities of future scenarios, volatility, discount rate and risk-free rate.

As of December 31, 2022, the probability of an equity financing was 45.0%, the probability of a liquidity event was 50.0% and the probability of a dissolution event was 5.0% As of December 31, 2022, the volatility utilized in the Monte Carlo simulation is 65.0%. The value under the liquidity event and dissolution event scenarios is based on the present value of the purchase amount. The present value factors are estimated based on a 18.7% discount rate based on venture capital rates of return for December 31, 2022. The periods in which the scenarios are expected to occur for the equity financing, liquidity event, and dissolution events are 0.5 year, 1 year, and 2 years, respectively as of December 31, 2022.

In conjunction with the closing of the Business Combination on February 13, 2023, the fair value of the SAFE Agreements was estimated at $20.7 million. The fair value was estimated using the 2,066,667 shares of Class A Common Stock issued to the SAFE investors at the Closing Date using the issuance price of $10.00 per share.

NOTE 11 — FAIR VALUE MEASUREMENTS

The following tables summarize the fair value of assets and liabilities that are recorded in the Company’s consolidated balance sheets as of December 31, 2022 and 2021 at fair value on a recurring basis.

	December 31, 2022
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
SAFE Agreement liabilities	Recurring	$	18,314	$	—	$	—	$	18,314
Total liabilities measured at fair value		$	18,314	$	—	$	—	$	18,314

	December 31, 2021
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
SAFE Agreement liabilities	Recurring	$	13,973	$	—	$	—	$	13,973
Total liabilities measured at fair value		$	13,973	$	—	$	—	$	13,973

The following tables provides a rollforward of the Company’s SAFE Agreement liabilities discussed in Note 8 — SAFE Agreements.

	December 31, 2022
Balance, beginning December 31, 2021	$	13,973
Additions		4,250
Change in fair value		91
Balance December 31, 2022	$	18,314

The fair value of the SAFE Agreements under the equity financing scenario is estimated using a Monte Carlo simulation approach. The fair value of the SAFE Agreements under the liquidity event and dissolution event scenarios is estimated based on the present value of the purchase amount.

The unobservable inputs used in the fair value measurement of the Company’s SAFE Agreements are the probabilities of future scenarios, volatility, discount rate and risk-free rate. As of December 31, 2022, the probability of an equity financing was 0%, the probability of a liquidity event was 95% and the probability of a dissolution event was 5%. The value under the liquidity event and dissolution event scenarios is based on the present value of the purchase amount. The present value factors are estimated based on a 16.4% discount rate based on venture capital rates of return for December 31, 2022. The periods in which the scenarios are expected to occur for the liquidity event and dissolution events are 0.25 years and 1.0 year, respectively as of December 31, 2022.

As of December 31, 2021, the probability of an equity financing was 45.0%, the probability of a liquidity event was 50.0% and the probability of a dissolution event was 5.0%. As of December 31, 2021, the volatility utilized in the Monte Carlo simulation is 65.0%. The value under the liquidity event and dissolution event scenarios is based on the present value of the purchase amount. The present value factors are estimated based on a 9.6% discount rate based on venture capital rates of return for December 31, 2021. The periods in which the scenarios are expected to occur for the equity financing, liquidity event, and dissolution events are 0.5 years, 1.0 year, and 2.0 years, respectively as of December 31, 2021.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Net of allowance for expected credit losses (in Dollars)	$ 960	$ 836	$ 0
Common stock, par value (in Dollars per share)		$ 0.00001	$ 0.00001
Common stock, shares issued		122,505,500	122,500,000
Common stock, shares outstanding		122,505,500	122,500,000
Treasury stock	1,250,000
Common units, authorized		unlimited	unlimited
Series A Preferred Stock
Preferred stock, par value (in Dollars per share)	$ 0.0001
Preferred stock, shares authorized	25,000,000
Preferred stock, shares issued	26,000
Preferred stock, shares outstanding	26,000
Class A Common Stock
Common stock, par value (in Dollars per share)	$ 0.0001
Common stock, shares authorized	500,000,000
Common stock, shares issued	17,301,489
Common stock, shares outstanding	16,051,489
Class B Common Stock
Common stock, par value (in Dollars per share)	$ 0.0001
Common stock, shares authorized	100,000,000
Common stock, shares issued	10,566
Common stock, shares outstanding	10,566
Class C Common Stock
Common stock, par value (in Dollars per share)	$ 0.0001
Common stock, shares authorized	100,000,000
Common stock, shares issued	70,640,188
Common stock, shares outstanding	70,640,188

Mezzanine Equity and Equity (Tables)

6 Months Ended

Jun. 30, 2023

Mezzanine Equity and Equity [Abstract]

Schedule of Stock by Class

The table below reflects share information about the Company’s capital stock as of June 30, 2023.

	Par Value		Authorized	Issued	Treasury Stock		Outstanding
Class A Common Stock	$	0.0001	500,000,000	17,301,489	(1,250,000	)	16,051,489
Class B Common Stock	$	0.0001	100,000,000	10,566	—		10,566
Class C Common Stock	$	0.0001	100,000,000	70,640,188	—		70,640,188
Series A Preferred Stock	$	0.0001	25,000,000	26,000	—		26,000
Total shares			725,000,000	87,978,243	(1,250,000	)	86,728,243

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 16 — SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information consists of the following (in thousands):

	Year Ended December 31,
	2022			2021
Supplemental cash flow information:
Cash paid for interest, net	$	1,013		$	230
Cash paid for Texas margin tax	$	—		$	—
Accrued capital expenditures	$	(38	)	$	—

Warrants and Safe Agreements

6 Months Ended

Jun. 30, 2023

Warrants And Safe Agreements [Abstract]

WARRANTS AND SAFE AGREEMENTS

NOTE 10 — WARRANTS AND SAFE AGREEMENTS

Public and Private Placement Warrants

In conjunction with the closing of the Business Combination, on February 13, 2023, the Company assumed a total of 23,332,500 warrants to purchase one share of the Company’s Class A Common Stock with an exercise price of $11.50 per share, subject to adjustment. Of the warrants, 16,487,500 Public Warrants were originally issued in the IPAX initial public offering (the “IPO”) and 6,845,000 Private Placement Warrants were originally issued in a private placement

in connection with the IPO. The Company evaluated the terms of the warrants and determined they meet the criteria in ASC 815, “Derivatives and Hedging”, to be classified in shareholders’ equity upon issuance. The warrants became exercisable 30 days after the Closing of the Business Combination, and will expire five years after the Closing of the Business Combination.

The Private Placement Warrants are identical to the Public Warrants except that the Private Warrants may not, subject to certain limited exceptions, be transferred assigned or sold by the holders until 30 days after the Closing of the Business Combination. The Public and Private Warrants do not entitle the holder to any voting rights, dividends or other rights as a shareholder of the Company prior to exercise.

Once the warrants become exercisable, the Company may redeem the outstanding warrants, in whole or in part, at a price of $0.01 per warrant upon a minimum of 30 days prior written notice of redemption and if, and only if, the closing price of the Company’s Class A Common Stock equals or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise pursuant to any anti-dilution adjustments) for any 20 days within a 30-trading day period ending three business days before the Company sends the notice of redemption to the warrant holders. The number of Class A Common Stock issuable on exercise of each warrant will be increased in proportion to certain increases in outstanding Class A Common Stock including any share capitalization payable, sub-division of shares or other similar events.

During the three and six months ended June 30, 2023, Public Warrants of 1,183,901 and 1,402,106, respectively, were exercised resulting in the issuance of an equal number of shares of Class A Common Stock. The Company has received cash proceeds of approximately $16.1 million as of June 30, 2023.

Series A Preferred Warrants

In conjunction with the issuance of Series A Preferred Stock at closing of the Business Combination, the Company issued 541,667 Series A Preferred Warrants (the “Preferred Warrants”) to purchase one share of the Company’s Class A Common Stock with an exercise price of $15.00, subject to adjustment. The Company evaluated the terms of the warrants and determined they meet the criteria to be classified in shareholders’ equity upon issuance.

The Preferred Warrants were immediately exercisable upon issuance and expire five years from the closing of the Business Combination. The Preferred Warrants include customary cash and cashless exercise provisions and may be exercised on a cashless basis if, at any time after the six month anniversary of the closing, there is not an effective registration statement with respect to the Class A Common Stock. The Preferred Warrants automatically exercise on a cashless basis at expiration. Other than the exercise price, the Preferred Warrants have the same terms and conditions as the Public Warrants. The Preferred Warrants do not entitle the holder to any voting rights, dividends or other rights as a shareholder of the Company prior to exercise.

As of June 30, 2023, there have been no exercises of the Preferred Warrants.

SAFE Agreements

Prior to closing of the Business Combination, Intuitive Machines, LLC issued six SAFE Agreements in late 2021 and early 2022. The funds received upon issuance of the SAFE Agreements were used to fund operations. Pursuant to the guidance under ASC 480 “Distinguishing Liabilities from Equity,” management determined that the SAFE Agreements should initially be recorded as liabilities at fair value and subsequently remeasured at fair value with changes recognized in earnings until conversion at a qualifying financing event or termination of the SAFE Agreements. As of December 31, 2022, the SAFE Agreements had a fair value of $18.3 million recorded as a long term liability in the condensed consolidated balance sheets.

As a result of closing of the Business Combination, the SAFE Agreements were converted into 2,066,667 shares of Class A Common Stock. At closing, the fair value of the SAFE Agreements was estimated at $20.7 million resulting in a change in fair value of SAFE Agreements of approximately $2.4 million recorded in the condensed consolidated statements of operations for the six months ended June 30, 2023.

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	$ 44,293	$ 24,098	$ 7,972
Less: accumulated depreciation and amortization	(3,532)	(2,922)	(2,123)
Property and equipment, net	40,761	21,176	5,849
Leasehold improvements [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	1,544	1,544	1,527
Vehicles and trailers [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	129	129	129
Computers and software [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	2,044	1,673	1,306
Furniture and fixtures [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	794	794	766
Machinery and equipment [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	2,392	2,211	1,962
Construction in progress [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	$ 37,390	$ 17,747	$ 2,282

Warrants and Safe Agreements (Details) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($)	Jun. 30, 2023 $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Feb. 14, 2023 $ / shares	Feb. 13, 2023 $ / shares shares
Warrants and Safe Agreements (Details) [Line Items]
Period before warrants become exercisable			30 days
Warrant term		5 years	5 years
Redemption price		0.01	0.01
Period in which stock must reach mandatory closing price			20 days
Maximum period in which stock can reach mandatory closing price			30 days
Period for prior written notice before redemption			30 days
Number of business days notice prior to notice being sent			3 days
Warrants exercised (in Dollars) \| $			$ 16,124
Number of SAFE agreements			6
Simple agreements for future equity (in Dollars) \| $	$ 18,300		$ 20,700		$ 18,314
Conversion of SAFE Agreements			2,066,667
SAFE agreements (in Dollars) \| $			$ 2,400
Class A Common Stock [Member]
Warrants and Safe Agreements (Details) [Line Items]
Closing price required to redeem warrants			18
Public Warrants [Member]
Warrants and Safe Agreements (Details) [Line Items]
Warrant, exercise price (in Dollars per share) \| $ / shares						$ 11.5
Warrants outstanding							16,487,500
Period before warrants can be transferred or sold			30 days
Warrants exercised		1,183,901	1,402,106
Private Warrants [Member]
Warrants and Safe Agreements (Details) [Line Items]
Warrants outstanding							6,845,000
Series A Preferred Warrants [Member]
Warrants and Safe Agreements (Details) [Line Items]
Warrant, exercise price (in Dollars per share) \| $ / shares		$ 15	$ 15
Warrants outstanding		541,667	541,667
Warrant term		5 years	5 years
Warrants exercised			0
Series A Preferred Warrants [Member] \| Class A Common Stock [Member]
Warrants and Safe Agreements (Details) [Line Items]
Number of securities called by each warrant or right		1	1
Intuitive Machines, LLC [Member]
Warrants and Safe Agreements (Details) [Line Items]
Business acquisition, warrants assumed							23,332,500
Warrant, exercise price (in Dollars per share) \| $ / shares							$ 11.5
Intuitive Machines, LLC [Member] \| Class A Common Stock [Member]
Warrants and Safe Agreements (Details) [Line Items]
Number of securities called by each warrant or right							1

Leases (Details) - Schedule of Lease Expense - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Lease Expense Abstract
Operating lease cost	$ 160	$ 139	$ 456	$ 272	$ 721	$ 478
Short-term lease cost	145		145
Total lease cost	$ 305	$ 139	$ 601	$ 272	$ 721	$ 478

Income Taxes (Details) - Schedule of income tax provision computed at the company’s effective tax rate - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Income Tax Provision Computed at the Company’s Effective Tax Rate [Abstract]
Loss before income taxes		$ (6,428)	$ (35,646)
Statutory income tax rates	21.00%	21.00%	21.00%
Expected income tax benefit		$ (1,349)	$ (7,486)
Nontaxable entity		1,348	7,486
State income tax expense		(23)	2
Change in valuation allowance		1
Total income tax expense		$ (23)	$ 2

Related Party Transactions (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
Related Party Transactions (Details) - USD ($)	Nov. 12, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Feb. 12, 2020
Related Party Transactions (Details) [Line Items]
Revenue		$ 17,993	$ 19,217	$ 36,229	$ 37,688
Accounts payable		16,053,000		16,053,000		$ 6,081,000	$ 2,658,000
Revenue						1,600,000	800,000
Accounts receivable related parties						800,000	300,000
Other expenses						2,100,000	300,000
Affiliate revenue payable related to engineering services						400,000	200,000
KBR, Inc. [Member]
Related Party Transactions (Details) [Line Items]
Affiliate revenue payable related to engineering services						1,900,000	1,300,000
Ownership rate	10.00%
Accounts receivables						300,000	200,000
X Energy, LLC [Member]
Related Party Transactions (Details) [Line Items]
Affiliate accounts payable related to energy expenses						100,000	0
Penumbra, LLC [Member]
Related Party Transactions (Details) [Line Items]
Expenses with related to management fees						100,000	$ 200,000
Related Party [Member] \| Axiom Space Inc [Member]
Related Party Transactions (Details) [Line Items]
Revenue		100,000	300,000	100,000	1,400,000
Accounts receivable		1,000,000		1,000,000		800,000
Related Party [Member] \| IBX, LLC [Member]
Related Party Transactions (Details) [Line Items]
Management fee expense		200,000	1,100,000	600,000	1,500,000
Accounts payable						400,000		$ 600,000
Related Party [Member] \| KBR, Inc. [Member]
Related Party Transactions (Details) [Line Items]
Revenue		800,000	500,000	1,400,000	900,000
Accounts receivable		300,000		300,000		300,000
Related Party [Member] \| X-energy, LLC [Member]
Related Party Transactions (Details) [Line Items]
Accounts payable		$ 600,000		$ 600,000		$ 100,000
Related Party [Member] \| Penumbra, LLC [Member]
Related Party Transactions (Details) [Line Items]
License fee expense			$ 17,000		$ 67,000
Affiliated Entity [Member] \| S N S [Member] \| KBR, Inc. [Member]
Related Party Transactions (Details) [Line Items]
Equity ownership percentage									10.00%

Revenue (Details) - Schedule of Contract Liabilities - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Contract liabilities – current
Deferred revenue	$ 22,560	$ 39,831
Contract loss provision	11,449	10,120
Accrued launch costs	6,645	6,705
Total contract liabilities – current	40,654	56,656
Contract liabilities – long-term
Contract loss provision		2,188
Total contract liabilities – long-term		2,188	$ 10,530
Total contract liabilities	$ 40,654	$ 58,844

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	May 25, 2021
Share-Based Compensation (Details) [Line Items]
Adjusted conversion ratio (in Dollars per share)			$ 0.5562
Share-Based Payment Arrangement, Expense		$ 124		$ 240
RSUs typically vest over period					8 years 8 months 12 days
Pursuant shares (in Shares)						6,125,000
Estimated unrecognized					$ 1,600
Weighted average period					1 year 10 months 24 days
A2021 Unit Option Plan [Member]
Share-Based Compensation (Details) [Line Items]
Unrecognized compensation costs	$ 1,200		$ 1,200
Minimum [Member]
Share-Based Compensation (Details) [Line Items]
RSUs typically vest over period			1 year
Maximum [Member]
Share-Based Compensation (Details) [Line Items]
RSUs typically vest over period			4 years
Class B Common Stock [Member] \| A2021 Unit Option Plan [Member]
Share-Based Compensation (Details) [Line Items]
Units reserved for issuance (in Shares)	1,823,217		1,823,217
Class A Common Stock [Member] \| Omnibus Incentive2023 Plan [Member]
Share-Based Compensation (Details) [Line Items]
Units reserved for issuance (in Shares)	12,706,811		12,706,811
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation (Details) [Line Items]
Share-Based Payment Arrangement, Expense	$ 278		$ 485
Share-Based Payment Arrangement, Option [Member] \| A2021 Unit Option Plan [Member]
Share-Based Compensation (Details) [Line Items]
Units reserved for issuance (in Shares)						6,125,000
Unrecognized compensation costs, period for recognition			1 year 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation (Details) [Line Items]
Share-Based Payment Arrangement, Expense			$ 707

Safe Agreements

12 Months Ended

Dec. 31, 2022

Safe Agreements [Abstract]

SAFE AGREEMENTS

NOTE 8 — SAFE AGREEMENTS

As of December 31, 2022, the Company received $4.3 million in proceeds from three new SAFE Agreements which were executed on January 4, 2022, January 5, 2022 and February 8, 2022 (the “New SAFE Agreements”). Proceeds from the New SAFE Agreements will be used to fund operations. The New SAFE Agreements are subject to the same terms and conditions as previous SAFE Agreements.

As of December 31, 2021, the Company received $13.0 million in cash related to two SAFE Agreements and 555,556 shares of Series X Convertible Preferred Stock of Intuitive Aviation valued at $1.5 million related to one SAFE Agreement. The SAFE Agreements were executed on September 29, 2021, November 4, 2021 and December 8, 2021. Cash proceeds from the SAFE were used to fund operations.

If an equity financing transaction event, pursuant to which the Company issues and sells preferred stock at a fixed valuation, occurs before the termination of the SAFE, the Company will issue preferred stock to the investor. On the initial close of the equity financing transaction, the SAFE will convert into the number of shares equal to the investment amount divided by either (i) the price per share equal to the valuation cap, as established in the SAFE, divided by the Company capitalization or (ii) 90% of the lowest price per share sold in the equity financing transaction, whichever calculation results in the greatest number of shares.

If a liquidity event, including a change of control, direct listing, or initial public offering, occurs before the termination of the SAFE, the investor will receive consideration equal to the greater of (i) the investment amount or (ii) the amount payable on the number of shares equal to the investment amount divided by the price per share as determined by taking the valuation cap (defined in the SAFE) divided by the Company capitalization.

In a dissolution event, as defined in the SAFE, the Company will pay the investor an amount equal to the purchase price, due and payable immediately prior to the consummation of the dissolution event.

As of December 31, 2022, the SAFE Agreements along with New SAFE Agreements had not yet converted as a qualifying financing event. Pursuant to the guidance under ASC 480, the Company determined that the SAFE agreements should be recorded as liabilities on the Company’s balance sheet and should be initially and subsequently measured at fair value with the changes in fair value recognized in earnings.

Revenue (Details) - Schedule of Contract Assets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contract Assets
Deferred contract costs	$ 6,633	$ 1,800
Unbilled receivables	347	44
Total	$ 6,979	$ 1,844

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 39,087	$ 25,764	$ 29,289
Restricted cash	62	62	62
Trade accounts receivable, net of allowance for expected credit losses	2,269	1,302	3,390
Contract assets	4,707	6,979	1,844
Prepaid and other current assets	4,399	6,885	1,186
Total current assets	50,524	40,992	35,771
Property and equipment, net	40,761	21,176	5,849
Operating lease right-of-use assets	4,471	4,829	1,829
Deferred income taxes	7	7
Total assets	95,763	67,004	43,449
Current liabilities
Accounts payable	16,053	6,081	2,658
Accounts payable – affiliated companies	1,002	442	218
Current maturities of long-term debt	19,975	16,098	12,108
Contract liabilities, current	40,654	56,656	49,629
Operating lease liabilities, current	765	725	514
Other current liabilities	30,134	15,178	3,292
Total current liabilities	108,583	95,180	68,419
Long-term debt, net of current maturities		3,863
Contract liabilities, non-current		2,188	10,530
Operating lease liabilities, non-current	4,742	5,078	2,371
Simple Agreements for Future Equity (“SAFE Agreements”)		18,314	13,973
Earn-out liabilities	55,254
Other long-term liabilities	3
Total liabilities	168,582	124,623	95,293
Commitments and contingencies (Note 14)
MEZZANINE EQUITY (DEFICIT)
Series A preferred stock subject to possible redemption, $0.0001 par value, 25,000,000 shares authorized, 26,000 shares issued and outstanding at June 30, 2023	26,823
Redeemable noncontrolling interests	578,630
SHAREHOLDERS’ EQUITY (DEFICIT)
Common units		1	1
Treasury stock, at cost, 1,250,000 shares at June 30, 2023	(12,825)
Paid-in capital		14,967	14,337
Accumulated deficit	(665,456)	(72,587)	(66,182)
Total shareholders’ deficit	(678,272)	(57,619)	(51,844)
Total liabilities, mezzanine equity and shareholders’ deficit	95,763	67,004	$ 43,449
Class A Common Stock
SHAREHOLDERS’ EQUITY (DEFICIT)
Common stock	2
Class B Common Stock
SHAREHOLDERS’ EQUITY (DEFICIT)
Common stock
Class C Common Stock
SHAREHOLDERS’ EQUITY (DEFICIT)
Common stock	$ 7

Revenue (Details) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
Revenue (Details) - USD ($)	Jun. 30, 2024	Feb. 29, 2024	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue (Details) [Line Items]
Cost of revenue				$ 8,100,000	$ 10,100,000	$ 18,000,000	$ 21,900,000
Contract with customer, liability, revenue recognized				27,500,000	19,800,000	27,500,000	19,800,000
Net losses related to contracts				7,000,000	$ 0	13,600,000	$ 2,400,000
Contracts, variable consideration, constrained amount						0
Contracts, variable consideration, maximum						$ 7,800,000
Long term contract percent complete						98.00%	91.00%
Contract liabilities						$ 300,000	$ 400,000
Revenue, remaining performance obligation, amount				$ 73,400,000		$ 73,400,000
Recognize revenue percentage				10.00%		10.00%				10.00%
Amortization expense										$ 43,300,000	$ 45,700,000
Revenue recognized										31,400,000	30,500,000
Variable consideration										0	0
Potential amount											7,800,000
Changes in contract price										11,100,000
Estimated contract costs											11,700,000
Contract anticipated percentage			100.00%
Other current liabilities				$ 30,134,000		$ 30,134,000				$ 15,178,000	3,292,000
Remaining performance obligations description										the aggregate amount of the transaction price allocated to remaining fixed price performance obligations was $101.4 million. The Company expects to recognize revenue on approximately 80-85% of the remaining performance obligations over the next 12 months, 15-20% recognized in 2024 and the remaining thereafter. Remaining performance obligations do not include variable consideration that was determined to be constrained as of December 31, 2022.
Minimum [Member]
Revenue (Details) [Line Items]
Recognize revenue percentage				50.00%		50.00%
Maximum [Member]
Revenue (Details) [Line Items]
Recognize revenue percentage				55.00%		55.00%
Commercial Lunar Payload Services Contract One [Member]
Revenue (Details) [Line Items]
Contracts, variable consideration, constrained amount						$ 0
Contracts, variable consideration, maximum						8,100,000
Loss on contracts						5,100,000	2,400,000
Commercial Lunar Payload Services Contract Two [Member]
Revenue (Details) [Line Items]
Loss on contracts						$ 1,800,000	$ 0
Long term contract percent complete						48.00%	17.00%
Contract liabilities						$ 8,600,000				$ 7,700,000
Contract liabilities, current						0				2,200,000
Commercial Lunar Payload Services Contract Three [Member]
Revenue (Details) [Line Items]
Contracts, variable consideration, constrained amount						0
Contracts, variable consideration, maximum						8,400,000
Loss on contracts						$ 5,900,000	$ 0
Long term contract percent complete						80.00%
Contract liabilities						$ 2,400,000				1,900,000
Remaining Performance Obligations [Member] \| Minimum [Member]
Revenue (Details) [Line Items]
Recognize revenue percentage				45.00%		45.00%
Remaining Performance Obligations [Member] \| Maximum [Member]
Revenue (Details) [Line Items]
Recognize revenue percentage				50.00%		50.00%
Second Contract [Member]
Revenue (Details) [Line Items]
Variable consideration										0
Potential amount										$ 8,400,000	$ 8,400,000
Contract percentage										32.50%	4.00%
Contract anticipated percentage								100.00%	85.00%
Estimated contract losses										$ 9,900,000	$ 18,500,000
Third Contract [Member]
Revenue (Details) [Line Items]
Loss on contracts											$ 0
Estimated contract costs										$ 6,000,000
Contract percentage											69.10%
Contract anticipated percentage										100.00%
Estimated contract losses										$ 1,900,000
Contract [Member]
Revenue (Details) [Line Items]
Contract percentage										96.00%	83.00%
Other current liabilities										$ 400,000	$ 3,900,000
Forecast [Member]
Revenue (Details) [Line Items]
Long term contract percent complete	100.00%	100.00%
Forecast [Member] \| Commercial Lunar Payload Services Contract Three [Member]
Revenue (Details) [Line Items]
Long term contract percent complete	100.00%
Cumulative Favorable [Member]
Revenue (Details) [Line Items]
Loss on contracts										9,300,000
Cumulative Unfavorable Changes [Member]
Revenue (Details) [Line Items]
Loss on contracts											31,500,000
Potential amount										8,100,000
Favorable [Member]
Revenue (Details) [Line Items]
Estimated contract costs										$ 4,700,000
Unfavorable Changes [Member]
Revenue (Details) [Line Items]
Estimated contract costs											$ 19,300,000

Business Description (Details) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended	6 Months Ended
	Feb. 13, 2023	Sep. 16, 2022	Sep. 16, 2022	Jun. 30, 2023	Feb. 14, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Description (Details) [Line Items]
Business combination, shares of common stock per common unit	0.5562
Cash acquired through reverse recapitalization				$ 34.1
Stock purchase agreement, amount authorized		$ 50.0
Common stock, par value						$ 0.00001	$ 0.00001
Public Warrants [Member]
Business Description (Details) [Line Items]
Warrant, exercise price					$ 11.5
Class A Common Stock [Member]
Business Description (Details) [Line Items]
Stock purchase agreement, amount authorized			$ 50.0
Common stock, par value				$ 0.0001	$ 0.0001

Summary of Significant Accounting Policies

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Principles of Consolidation

The Company’s unaudited condensed consolidated financial statements and related notes have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim reporting and pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations relating to interim financial statements. Our condensed consolidated financial statements include the accounts of Intuitive Machines, the accounts of Intuitive Aviation Inc. (“IA” or “Intuitive Aviation”), a wholly owned subsidiary, Space Network Solutions, LLC (“SNS” or “Space Network Solutions”) a majority-owned subsidiary, and IX, LLC, a variable interest entity (“VIE”) for which we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. The December 31, 2022 balances reported herein are derived from the audited consolidated financial statements of Intuitive Machines, LLC.

The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements of Intuitive Machines, LLC as of and for the years ended December 31, 2022 and 2021 contained in our Form 8-K/A dated March 30, 2023, filed with the SEC on March 31, 2023. Operating results for the three and six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Management’s opinion is that all adjustments for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature or a description of the nature and amount of any adjustments other than normal recurring adjustments have been appropriately disclosed.

Emerging Growth Company

The Company is an emerging growth company (“EGC”), as defined in Section 2(a) of the Securities Act of 1933, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Section 102(b)(1) of the JOBS Act exempts EGCs from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company did not opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an EGC, can adopt the new or revised standard at the time private companies adopt the new or revised standard. The effective dates shown in this Note 2 below reflect the election to use the extended transition period.

Use of Estimates

The preparation of our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the accompanying notes. Due to the inherent uncertainty involved in making estimates, actual results could differ from those estimates.

The Company bases its estimates and assumptions on historical experience, other factors, including the current economic environment, and various other judgments that it believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future reporting periods.

Segment Reporting

Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision-maker (“CODM”) in making decisions regarding resource allocation and assessing performance. All of the Company’s assets are maintained in the United States. The Company has determined that it operates in one operating segment and one reportable segment, as the CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources and evaluating financial performance.

Concentration of Credit Risks

The majority of the Company’s cash and cash equivalents are held at major financial institutions. Certain account balances exceed the Federal Deposit Insurance Corporation insurance limits of $250,000 per account. The Company generally does not require collateral to support the obligations of the counterparties and cash levels held at banks are more than federally insured limits. The Company limits its exposure to credit loss by maintaining its cash and cash equivalents with highly rated financial institutions. The Company has not experienced material losses on its deposits of cash and cash equivalents.

The Company monitors the creditworthiness of its customers to whom it grants credit terms in the normal course of its business. The Company evaluates the collectability of its accounts receivable based on known collection risks and historical experience. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations to the Company (e.g., bankruptcy filings, substantial downgrading of credit ratings), the Company records a specific allowance for expected credit losses against amounts to reduce the net recognized receivable to the amount it reasonably believes will be collected and revenue recognition is deferred until the amount is collected and the contract is completed. For all other customers, the Company records allowances for credit losses based on the specific analysis of the customer’s ability to pay on an as needed basis.

Major customers are defined as those individually comprising more than 10% of the Company’s total revenue. There was one major customer that accounted for 67% and 70%, respectively, of the Company’s total revenue for the three and six months ended June 30, 2023, and accounted for 74% and 76%, respectively, of the Company’s total revenue for the three and six months ended June 30, 2022. The largest customer did not have any accounts receivable as of June 30, 2023 and December 31, 2022. Five other customers accounted for 30%, 18%, 14%, 13%, and 12% of the accounts receivable balance as of June 30, 2023, of which, two of the customers accounted for 35% and 14% of the accounts receivable balance as of December 31, 2022.

Major suppliers are defined as those individually comprising more than 10% of the annual goods or services purchased. For the three and six months ended June 30, 2023 the Company had one major supplier representing 5% and 34%, respectively, of goods and services purchased. This major supplier also accounted for 68% and 84% of goods and services purchased for the three and six months ended June 30, 2022. As of June 30, 2023 and December 31, 2022, the one major supplier represented 7% and 21%, respectively, of the accounts payable balance.

Liquidity and Capital Resources

The unaudited condensed consolidated financial statements as of June 30, 2023 and for the three and six months ended June 30, 2023 and 2022, and related notes were prepared on the basis of a going concern, which contemplates that the Company will be able to realize assets and discharge liabilities in the normal course of business.

As of June 30, 2023, the Company had cash and cash equivalents of $39.1 million and a working capital deficit of $58.1 million. The Company has historically funded its operations through internally generated cash on hand, proceeds from sales of its capital stock including the execution of SAFE agreements, and proceeds from the issuance of bank debt. As further described in Note 1 — Business Description, on February 13, 2023, the Company received approximately $34.1 million of gross proceeds to fund operations as a result of the Business Combination with IPAX. Additionally, in connection with the Business Combination, the Company entered into a common stock purchase agreement relating to an equity facility under which the Company may direct the counterparty, at its discretion, to purchase up to the lesser of $50.0 million of newly issued Class A common stock and the “exchange cap” specified therein, subject to certain customary conditions and limitations set forth in the agreement. Subsequent to the Closing of the Business Combination, the Company received $12.7 million in cash associated with the termination of a forward purchase agreement and $16.1 million in cash proceeds associated with warrant exercises.

Management believes that the cash and cash equivalents as of June 30, 2023 and the additional liquidity provided by the equity facility discussed above will be sufficient to fund the short-term liquidity needs and the execution of the business plan through at least the twelve-month period from the date the financial statements are issued.

Cash and Cash Equivalents

The Company considers cash, time deposits and other highly liquid investments purchased with an initial maturity of three months or less to be cash equivalents.

Restricted Cash

Restricted cash consists of cash not readily available for general purpose cash needs. Restricted cash relates to cash held at commercial banks to support credit accounts. Restricted cash serving as collateral will be released upon full repayment of the credit account.

Transaction Costs

Transaction costs consists of direct legal, consulting, audit and other fees related to the consummation of the Business Combination and related transactions as described further in Note 3. These costs were initially capitalized as incurred and recorded as prepaid expenses in our condensed consolidated balance sheets and totaled $5.3 million as of December 31, 2022. Upon the completion of the Business Combination, transaction costs directly related to the issuance of shares were netted against the proceeds from the merger and recorded as an offset in additional paid-in capital upon consummation of the transactions. Total transaction costs charged to additional paid in capital were approximately $24.4 million during the six months ended June 30, 2023. Approximately, $9.4 million in transaction costs were paid by Intuitive Machines, LLC during the six months ended June 30, 2023. The remaining difference was paid by Intuitive Machines, LLC in 2022 or by IPAX prior to the Closing of the Business Combination.

Accounts Receivable and Allowance for Credit Losses

Accounts receivable is recorded at the invoiced amount and unbilled receivable, less an allowance for any potential expected uncollectible amounts and do not bear interest. The Company estimates allowance for credit losses based on the credit worthiness of each customer, historical collections experience and other information, including the aging of the receivables. The Company writes off accounts receivable against the allowance for credit losses when a balance is unlikely to be collected.

Prepayments and Other Current Assets

Prepaid and other current assets primarily consist of prepaid service fees, security deposits and other general prepayments.

Property and Equipment, Net

Property and equipment, net are stated at cost, less accumulated depreciation. Property and equipment which are not in service are classified as construction-in-process.

Depreciation is computed using the straight-line method over the following estimated useful lives of assets:

Asset		Useful Life
Leasehold improvements		1 – 7 years
Vehicles and trailers		3 – 5 years
Computers and software		3 years
Furniture and fixtures		5 years
Machinery and equipment		3 – 7 years

Expenditures for maintenance and repairs that do not extend the useful lives of property and equipment are recognized as expenses when incurred. Upon retirement or sale of assets, the cost and related accumulated depreciation and amortization is written off. No material gains or losses related to the sale of assets have been recognized in the accompanying condensed consolidated statements of operations.

Long-Lived Assets

Long-lived assets consist of property and equipment, net, and are reviewed for impairment whenever events or changes in circumstances indicate the carrying value of the long-lived asset may not be recoverable. Recoverability is measured by comparing the carrying value of a long-lived asset to the future undiscounted cash flows that the long-lived asset is expected to generate from use and eventual disposition. An impairment loss will be recognized if the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. No impairment charges were recorded for the six months ended June 30, 2023 and 2022.

Earn-Out Liabilities

Unvested earn out units of Intuitive Machines, LLC (“Earn Out Units”) are classified as liability transactions at initial issuance which were offset against paid-in capital as of the closing of the Business Combination. At each period end, the Earn Out Units are remeasured to their fair value with the changes during that period recognized in other income (expense) on the condensed consolidated statement of operations. Upon issuance and release of the shares after each Triggering Event (as defined in Note 3) is met, the related Earn Out Units will be remeasured to fair value at that time with the changes recognized in other income (expense), and such Earn Out Units will be reclassed to shareholders’ equity (deficit) on the condensed consolidated balance sheet. As of the Closing Date, the Earn Out Units had a fair value of $99.7 million. As a result of the OMES III Contract award by NASA in May 2023, Triggering Event I under the Earn Out agreement vested resulting in the issuance of 2,500,000 shares of Class C Common Stock with a fair value of approximately $19.4 million to the applicable Intuitive Machines, LLC Members resulting in a reduction to

Earn-out liabilities and an increase to Shareholders’ deficit. As of June 30, 2023, the remaining Earn Out Units had a fair value of $55.3 million, with the changes in the fair value between the Closing Date and June 30, 2023 of $25.0 million recognized as change in fair value of the earn-out liability under other income (expense) within the condensed consolidated statements of operations.

Operating Lease Liabilities and Right-of-Use Assets

We determine whether a contract is or contains a lease when we have the right to control the use of the identified asset in exchange for consideration. Lease liabilities and right-of-use assets (“ROU assets”) are recognized at the commencement date based on the present value of lease payments over the lease term. We use our incremental borrowing rate in the calculation of present value unless the implicit rate can be readily determined, however, none of our lease liabilities were determined using implicit rates. Certain leases include provisions for the renewal or termination. We only consider fixed payments and those options that are reasonably certain to be exercised in the determination of the lease term and the initial measurement of lease liabilities and ROU assets. Expense for operating lease payments is recognized as lease expense on a straight-line basis over the lease term. We do not separate lease and non-lease components of a contract. Operating lease ROU assets are presented within Operating lease right-of-use assets on our condensed consolidated balance sheet. See Note 6 — Leases for further disclosures and information on leases.

Fair Value Measurements

The Company’s financial instruments consist of cash and cash equivalents, restricted cash, trade receivables, trade payables, amounts receivable or payable to related parties and long-term debt. The carrying amount of cash and cash equivalents, trade receivables, trade payables and receivables and payables from affiliates approximates fair value because of the short-term nature of the instruments. The fair value of debt approximates its carrying value because the cost of borrowing fluctuates based upon market conditions.

We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. We estimate fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which is categorized in one of the following levels:

• Level 1: Quoted prices for identical instruments in active markets.

• Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable; and

• Level 3: Significant inputs to the valuation model are unobservable.

Redeemable Noncontrolling Interests

Noncontrolling interests represent the portion of Intuitive Machines, LLC that Intuitive Machines, Inc. controls and consolidates but does not own. The noncontrolling interests was created as a result of the Business Combination and represents 68,150,754 common units issued by Intuitive Machines, LLC to the prior investors. As of the Close of the Business Combination, Intuitive Machines, Inc. held an 18.8% interest in Intuitive Machines, LLC, with the remaining 81.2% interest held by Intuitive Machines, LLC’s prior investors. As of June 30, 2023, Intuitive Machines, Inc. held an 18.5% interest in Intuitive Machines, LLC with the remaining 81.5% interest held by the prior investors The prior investors’ interests in Intuitive Machines, LLC represents a redeemable noncontrolling interest. At its discretion, the members have the right to exchange their common units in Intuitive Machines, LLC (along with the cancellation of the paired shares of Class B Common Stock or Class C Common Stock in Intuitive Machines, Inc.) for either shares of Class A Common Stock of Intuitive Machines, Inc. on a one-to-one basis or cash proceeds of equal value at the time

of redemption. Any redemption of Intuitive Machines, LLC common units in cash must be funded through a private or public offering of Intuitive Machines, Inc.’s Class A Common Stock and is subject to Board of Director’s (“Board”) approval by Intuitive Machines, Inc. As of June 30, 2023, the prior investors of Intuitive Machines, LLC hold the majority of the voting rights on Intuitive Machines, Inc.’s Board.

As the redeemable noncontrolling interests are redeemable upon the occurrence of an event that is not solely within the Company’s control, we classify our redeemable noncontrolling interests as temporary equity. The redeemable noncontrolling interests were initially measured at the Intuitive Machines, LLC prior investors’ share in the net assets of the Company upon consummation of the Business Combination. Subsequent remeasurements of the Company’s redeemable noncontrolling interests are recorded as a deemed dividend each reporting period, which reduces retained earnings, if any, or additional paid-in capital of Intuitive Machines, Inc. Remeasurements of the Company’s redeemable noncontrolling interests are based on the fair value of our Class A common stock.

General and Administrative Expense

General, selling, and administrative expenses consist of human capital related expenses for employees involved in general corporate functions, including executive management and administration, accounting, finance, tax, legal, information technology, marketing, and human resources; rent relating to the Company’s office space; professional fees and other general corporate costs. Human capital expenses primarily include salaries and benefits.

Revenue Recognition

Most of our revenue are from long-term contracts associated with the engineering services for the research, design, development, manufacturing, integration and sustainment of advanced technology aerospace systems. Revenue is measured based on the amount of consideration specified in a contract with a customer. Revenue is recognized when and as our performance obligations under the terms of the contract are satisfied which generally occurs with the transfer of services to the customer. For each long-term contract, we determine the transaction price based on the consideration expected to be received. We allocate the transaction price to each distinct performance obligation to deliver a good or service, or a collection of goods and/or services, based on the relative standalone selling prices.

Contract Combination

To determine the proper revenue recognition method for contracts, we evaluate whether two or more contracts should be combined and accounted for as one single contract and whether the combined or single contract should be accounted for as more than one performance obligation. This evaluation requires judgment and the decision to combine a group of contracts or separate a combined or single contract into multiple performance obligations could change the amount of revenue and profit recorded in each period. Contracts are considered to have a single performance obligation if the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts primarily because we provide a significant service of integrating a complex set of tasks and components into a single project or capability.

Contract Types

The Company performs work under contracts that broadly consist of fixed-price, time and materials or a combination of the two. Pricing for all customers is based on specific negotiations with each customer.

For most of our business, where performance obligations are satisfied due to the continuous transfer of control to the customer, revenue is recognized over time. Where the customer contracts with us to provide a significant service of integrating a complex set of tasks and components into a single project or capability, those contracts are accounted for as single performance obligations. We recognize revenue generally using the cost-to-cost method, based primarily on contract costs incurred to date compared to total estimated contract costs at completion. This method is deemed appropriate in measuring performance towards completion because it directly measures the value of the goods and services transferred to the customer. Billing timetables and payment terms on our contracts vary based on a few

factors, including the contract type. Typical payment terms under fixed-price contracts provide that the customer pays either performance-based payment based on the achievement of contract milestones or progress payments based on a percentage of costs we incur.

For a small portion of our business, where we have the right to consideration from the customer in an amount that corresponds directly with the value received by the customer based on our performance to date, revenue is recognized when services are performed and contractually billable. Under the typical payment terms of our services contracts, amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., weekly, biweekly, or monthly) or upon achievement of contractual milestones.

Contract Costs

Contract costs include all direct materials, labor and subcontractor costs and an allocation of indirect costs related to contract performance. Customer-furnished materials are included in both contract revenue and cost of revenue when management concludes that the company is acting as a principal rather than as an agent. Revenue for uninstalled materials is recognized when the cost is incurred and control is transferred to the customer, which revenue is recognized using the cost-to-cost method. Certain costs associated with significant long-term service arrangements are capitalized and amortized across the life of the contract. Capitalized contract costs primarily relate to prepaid pre-launch integration and engineering services and launch services subcontracted with a third-party. Pre-launch integration and engineering services and launch services are capitalized and amortized over the term of the contract on a systematic basis that is consistent with the transfer of the goods and services to our end customer. Project mobilization costs are generally charged to the project as incurred when they are an integrated part of the performance obligation being transferred to the client. Costs to obtain a contract are expensed as incurred unless they are expected to be recovered from the customer.

Variable Consideration

It is common for our contracts to contain variable consideration in the form of award fees, incentive fees, performance bonuses, liquidated damages or penalties that may increase or decrease the transaction price. These variable amounts generally are awarded upon achievement of certain performance metrics, program milestones or targets and can be based on customer discretion. We estimate the amount of variable consideration based on a weighted probability or the most likely amount to which we expect to be entitled. Variable consideration is included in the transaction price when it is probable that a significant reversal of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include such amounts in the transaction price are based largely on our assessment of legal enforceability, anticipated performance, and any other information (historical, current or forecasted) that is reasonably available to us.

Contract Estimates and Modifications

Due to the nature of the work required to be performed on many of our performance obligations, the estimation of total revenue and cost at completion is complex and subject to many variables and requires significant judgment. As a significant change in estimated total revenue and cost could affect the profitability of our contracts, we routinely review and update our contract-related estimates through a disciplined project review process in which management reviews the progress and execution of our performance obligations and the estimate at completion. As part of this process, management reviews information including, but not limited to, outstanding contract matters, progress towards completion, program schedule and the associated changes in estimates of revenue and costs. Management must make assumptions and estimates regarding the availability and productivity of labor, the complexity of the work to be performed, the availability and cost of materials, the performance of subcontractors and the availability and timing of funding from the customer, along with other risks inherent in performing services under all contracts where we recognize revenue over time using the cost-to-cost method.

We typically recognize changes in contract estimates on a cumulative catch-up basis in the period in which the changes are identified. Such changes in contract estimates can result in the recognition of revenue in a current period for performance obligations which were satisfied or partially satisfied in prior period. Changes in contract estimates may also result in the reversal of previously recognized revenue if the current estimate differs from the previous estimate. If at any time the estimate of contract profitability indicates an anticipated loss on the contract, we recognize the total loss in the period it is identified.

Contracts are often modified to account for changes in contract specifications and requirements. Most of our contract modifications are for goods or services that are not distinct from existing contracts due to the significant integration provided in the context of the contract and are accounted for as if they were part of the original contract. The effect of a contract modification on the transaction price and our measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. We account for contract modifications prospectively when the modification results in the promise to deliver additional goods or services that are distinct and the increase in price of the contract is for the same amount as the stand-alone selling price of the additional goods or services included in the modification.

Unbilled Receivables and Deferred Revenue

Billing practices are governed by the contract terms of each project based upon costs incurred, achievement of milestones or predetermined schedules. Billings do not necessarily correlate with revenue recognized over time using the cost-to-cost method. Unbilled receivables (contract assets) include unbilled amounts typically resulting from revenue under long-term contracts when the cost-to-cost method of revenue recognition is utilized, and revenue recognized exceeds the amount billed to the customer. Deferred revenue (contract liabilities) consists of advance payments and billings in excess of revenue recognized. Our unbilled receivables and deferred revenue are reported in a net position on a contract-by-contract basis at the end of each reporting period.

The payment terms of our contracts from time to time require the customer to make advance payments as well as interim payments as work progresses. The advance payment generally is not considered to contain a significant financing component as we expect to recognize those amounts in revenue within a year of receipt as work progresses on the related performance obligation.

Income Taxes

Intuitive Machines

Intuitive Machines, Inc. is a corporation and thus is subject to United States (“U.S.”) federal, state and local income taxes. Intuitive Machines, LLC is a partnership for U.S. federal income tax purposes and therefore does not pay United States federal income tax. Instead, the Intuitive Machines, LLC unitholders, including Intuitive Machines, Inc., are liable for U.S. federal income tax on their respective shares of Intuitive Machines, LLC’s taxable income. Intuitive Machines, LLC is liable for income taxes in those states which tax entities classified as partnerships for U.S. federal income tax purposes.

We use the asset and liability method of accounting for income taxes for the Company. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss (“NOL”) and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated quarterly based on a “more likely than not” standard and, to the extent this threshold is not met, a valuation allowance is recorded.

The Company follows the guidance of ASC Topic 740, Income Taxes. Interest and penalties associated with tax positions are recorded in the period assessed as general and administrative expenses. The open tax years for the tax returns generally include 2019 through 2021 for state and federal reporting purposes.

Tax Receivable Agreement

In conjunction with the consummation of the Transactions, Intuitive Machines, Inc. entered into a Tax Receivable Agreement (the “TRA”) with Intuitive Machines, LLC and certain Intuitive Machines, LLC members (the “TRA Holders”). Pursuant to the TRA, Intuitive Machines, Inc. is required to pay the TRA Holders 85% of the amount of cash tax savings, if any, in U.S. federal, state, and local income tax that are based on, or measured with respect to, net income or profits, and any interest related thereto that Intuitive Machines, Inc. realizes, or is deemed to realize, as a result of certain tax attributes, including (A) existing tax basis of certain assets of Intuitive Machines, LLC and its subsidiaries, (B) tax basis adjustments resulting from taxable exchanges of Intuitive Machines, LLC Common Units acquired by Intuitive Machines, Inc., (C) certain tax benefits realized by Intuitive Machines, Inc. as a result of the Business Combination, and (D) tax deduction in respect of portions of certain payments made under the TRA. All such payments to the TRA Holders are the obligations of the Intuitive Machines, Inc., and not that of Intuitive Machines, LLC. As of June 30, 2023, there have been no exchanges of Intuitive Machines, LLC units for Class A common stock of the Intuitive Machines, Inc. and, accordingly, no TRA liabilities currently exist.

See Note 3 — Business Combination and Related Transactions for further description of the TRA.

Earnings (Loss) Per Share (“EPS”)

The Company reports both basic and diluted earnings per share. Basic earnings per share is calculated based on the weighted average number of shares of Class A common stock outstanding and excludes the dilutive effect of warrants, stock options, and other types of convertible securities. Diluted earnings per share is calculated based on the weighted average number of shares of Class A common stock outstanding and the dilutive effect of stock options, warrants and other types of convertible securities are included in the calculation. Dilutive securities are excluded from the diluted earnings per share calculation if their effect is anti-dilutive, such as in periods where a net loss has been reported.

Prior to the Business Combination, the membership structure of Intuitive Machines, LLC included membership units. In conjunction with the Closing of the Business Combination, the Company effectuated a recapitalization whereby all membership units were converted to common units of Intuitive Machines, LLC, and Intuitive Machines, Inc. implemented a revised class structure including Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”) having one vote per share and economic rights, Class B Common Stock, par value $0.0001 per share (“Class B Common Stock”) having one vote per share and no economic rights, and Class C Common Stock, par value $0.0001 per share (“Class C Common Stock”) having three votes per share and no economic rights. The Company has determined that the calculation of loss per unit for periods prior to the Business Combination would not be meaningful to the users of these condensed consolidated financial statements. As a result, loss per share information has not been presented for periods prior to the Business Combination on February 13, 2023.

Share-Based Compensation

We recognize all share-based awards to employees and directors as share-based compensation expense based upon their fair values on the date of grant.

We estimate the fair value of share-based payment awards on the date of grant. The value of the portion of the award that is ultimately expected to vest is recognized as an expense during the requisite service periods. We have estimated the fair value for each option award as of the date of grant using the Black-Scholes option pricing model. The Black-Scholes option pricing model considers, among other factors, the expected life of the award and the expected volatility of our share price. We recognize the share-based compensation expense over the requisite service period

using the straight-line method for service condition only awards, which is generally a vesting term of five years. Forfeitures are accounted for in the period in which they occur and reverses any previously recognized compensation cost associated with forfeited awards.

Other Current Liabilities

As of June 30, 2023 and December 31, 2022, other current liabilities consisted of the following (in thousands):

	June 30, 2023		December 31, 2022
Financing obligation, current (see Note 6 – Leases)	$	23,971	$	9,117
Payroll accruals		4,091		2,117

Professional fees accruals		1,491		3,677
Other accrued liabilities		581		267
Other current liabilities	$	30,134	$	15,178

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Consolidation

The Company’s consolidated financial statements as of and for the years ended December 31, 2022 and 2021 have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the SEC. Our consolidated financial statements include the accounts of Intuitive Machines, the accounts of Intuitive Aviation Inc. (“IA” or “Intuitive Aviation”), a wholly owned subsidiary, Space Network Solutions, LLC (“SNS” or “Space Network Solutions”), and IX, LLC, variable interest entities (“VIE”) for which we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of our consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. Due to the inherent uncertainty involved in making estimates, actual results could differ from those estimates.

The Company bases its estimates and assumptions on historical experience, other factors, including the current economic environment and on various other judgments that it believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.

Unit Split

On May 25, 2021, in accordance with the amended and restated limited liability company agreement of IM, Class A Unit Interests increased by a multiple of one hundred thousand (100,000) or 1 to 100,000 unit (the “Unit Split”). The Class A members and their respective unit interests uniformly increased. Unless otherwise indicated, all share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the Unit Split.

Segment Reporting

Certain Significant Risks and Uncertainties

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. By their nature, all such financial instruments involve risks, including the credit risk of nonperformance by counterparties. The Company generally does not require collateral to support the obligations of the counterparties and cash levels held at banks are more than federally insured limits. The Company limits its exposure to credit loss by maintaining its cash and cash equivalents with highly rated financial institutions. The Company has not experienced material losses on its deposits of cash and cash equivalents.

Major customers are defined as those individually comprising more than 10% of revenue. For the years ended December 31, 2022 and 2021, there was one major customer that accounted for 83% and 83%, respectively, of the Company’s total revenue. The largest customer did not have any accounts receivable as of December 31, 2022, while two other customers accounted for 35% and 14% of the accounts receivable balance as of December 31, 2022. The largest customer did not have any accounts receivable as of December 31, 2021, while two other customers accounted for 40% and 30% of the accounts receivable balance as of December 31, 2021.

Major suppliers are defined as those individually comprising more than 10% of the annual goods or services purchased. For the years ended December 31, 2022 and 2021, the Company had one major supplier representing 63% and 42% of goods and services purchased, respectively. As of December 31, 2022, the largest supplier represented 21% of the accounts payable balance. As of December 31, 2021, the largest supplier did not have any accounts payable, while two other suppliers accounted for 17% and 13% of the accounts payable balance.

Liquidity and Capital Resources

As of December 31, 2022, the Company had cash and cash equivalents of $25.8 million and a working capital deficit of $53.5 million. The Company has historically funded its operations through internally generated cash on hand, proceeds from sales of our capital stock including the execution of SAFE agreements, and proceeds from the issuance of bank debt.

As further described in Note 17, on February 13, 2023, as contemplated by the Business Combination Agreement entered into as of September 16, 2022, the Company and Intuitive Machines, Inc. (formerly Inflection Point Acquisition Corp. or “IPAX”) consummated the Business Combination to effect the merger of the Company and IPAX. Upon the close of the Business Combination, the Company received approximately $34.1 million of gross proceeds to fund operations. Additionally, as a result of the close, the Company entered into a common stock purchase agreement relating to an equity facility under which the Company may direct the counterparty to purchase up to $50 million of newly issued common stock subject to certain requirements and limitations.

Management believes that the cash available from the consummation of the business combination and related transactions will be sufficient to fund the short-term liquidity needs and the execution of the business plan through at least the twelve-month period from the date the financial statements are issued.

Cash and Cash Equivalents

The Company considers cash, time deposits and other highly liquid investments purchased with an initial maturity of three months or less to be cash equivalents.

Restricted Cash

Accounts Receivable and Allowance for Credit Losses

Accounts receivable are recorded at the invoiced amount and unbilled receivable, less an allowance for any potential expected uncollectible amounts and do not bear interest. The Company estimates allowance for credit losses based on the credit worthiness of each customer, historical collections experience and other information, including the aging of the receivables. The Company writes off accounts receivable against the allowance for credit losses when a balance is unlikely to be collected.

Prepayments and Other Current Assets

Prepaid and other current assets primarily consist of prepaid service fees, security deposits and other general prepayments.

Property and Equipment, Net

Property and equipment, net are stated at cost, less accumulated depreciation. Property and equipment which are not in service are classified as construction-in-process.

Depreciation is computed using the straight-line method over the following estimated useful lives of assets:

Asset		Useful Life
Leasehold improvements		1 – 7 years
Vehicles and trailers		3 – 5 years
Computers and software		3 years
Furniture and fixtures		5 years
Machinery and equipment		3 – 7 years

Long-Lived Assets

Operating Lease Liabilities and Right-of-Use Assets

We determine whether a contract is or contains a lease when we have the right to control the use of the identified asset in exchange for consideration. Lease liabilities and right-of-use assets (“ROU assets”) are recognized at the commencement date based on the present value of lease payments over the lease term. We use our incremental borrowing rate in the calculation of present value unless the implicit rate can be readily determined, however, the lease liability associated with leases calculated using implicit rates is not significant. Certain leases include provisions for the renewal or termination. We only consider fixed payments and those options that are reasonably certain to be exercised in the determination of the lease term and the initial measurement of lease liabilities and ROU assets. Expense for operating lease payments is recognized as lease expense on a straight-line basis over the lease term. We do not separate lease and non-lease components of a contract. Operating lease ROU assets are presented within Operating lease right-of-use assets on our consolidated balance sheet. See Note 5 — Leases for further disclosures and information on leases.

Fair Value Measurements

(1) Level 1: Quoted prices for identical instruments in active markets.

(2) Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable; and

(3) Level 3: Significant inputs to the valuation model are unobservable.

General and Administrative Expense

Revenue Recognition

Most of our revenues are from long-term contracts associated with the engineering services for the research, design, development, manufacturing, integration and sustainment of advanced technology aerospace systems. Revenue is measured based on the amount of consideration specified in a contract with a customer. Revenue is recognized when and as our performance obligations under the terms of the contract are satisfied which generally occurs with the transfer of services to the customer. For each long-term contract, we determine the transaction price based on the consideration expected to be received. We allocate the transaction price to each distinct performance obligation to deliver a good or service, or a collection of goods and/or services, based on the relative standalone selling prices.

Contract Combination

Contract Types

Contract Costs

Variable Consideration

Contract Estimates and Modifications

review and update our contract-related estimates through a disciplined project review process in which management reviews the progress and execution of our performance obligations and the estimate at completion. As part of this process, management reviews information including, but not limited to, outstanding contract matters, progress towards completion, program schedule and the associated changes in estimates of revenues and costs. Management must make assumptions and estimates regarding the availability and productivity of labor, the complexity of the work to be performed, the availability and cost of materials, the performance of subcontractors and the availability and timing of funding from the customer, along with other risks inherent in performing services under all contracts where we recognize revenue over time using the cost-to-cost method.

Unbilled Receivables and Deferred Revenue

Income Taxes

Intuitive Machines

Intuitive Machines has elected to be treated as a partnership for income tax purposes. Partnerships are not subject to U.S. federal income taxes. Rather, the partnership’s taxable income flows through to the owners, who are responsible for paying the applicable income taxes on the income allocated to them. Accordingly, no provision for federal income taxes has been recorded for Intuitive Machines, LLC. However, the Company is subject to Texas Margin Taxes. The Company recorded $23 thousand of income tax benefit and $2 thousand of income tax expense for the years ended December 31, 2022 and 2021, respectively, in the accompanying consolidated statements of operations.

Intuitive Machines is subject to partnership audit rules enacted as part of the Bipartisan Budget Act of 2015 (“the Centralized Partnership audit Regime”). Under the Centralized Partnership Audit Regime, any Internal Revenue Service (“IRS”) audit of Intuitive Machines would be conducted at the Company level, and if the IRS determines an adjustment, the default rule is that Intuitive Machines would pay an “imputed underpayment” including interest and penalties, if applicable. Intuitive Machines may instead elect to make a “push-out” election, in which case the partners for the year that is under audit would be required to take into account the adjustments on their own personal or business tax returns. If Intuitive Machines receives an imputed underpayment, a determination will be made based on the relevant facts and circumstances that exist at that time to allocate such imputed underpayment to each partner based on their specific share of such imputed underpayment. Any payments that Intuitive Machines ultimately makes on behalf of its current partners will be reflected as a distribution, rather than tax expense, at the time that such distribution is declared.

Intuitive Aviation

Intuitive Aviation is a corporation for tax purposes and is subject to U.S. federal income taxes. Accordingly, provision for income taxes has been recorded for Intuitive Aviation, Inc. We use the asset and liability method of accounting for income taxes for Intuitive Aviation. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss (“NOL”) and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated quarterly based on a “more likely than not” standard and, to the extent this threshold is not met, a valuation allowance is recorded.

We have determined that there are not any tax positions outstanding that would fail to meet a “more likely than not” standard, and therefore there have not been any uncertain tax positions identified.

Space Network Solutions

Space Network Solutions has elected to be treated as a partnership for income tax purposes. Partnerships are not subject to U.S. federal income taxes. Rather, the partnership’s taxable income flows through to the owners, who are responsible for paying the applicable income taxes on the income allocated to them. Accordingly, no provision for federal income taxes has been recorded for Space Network Solutions, LLC. However, Space Network Solutions is subject to Texas Margin Taxes. The Company recorded $0 for the years ended December 31, 2022 and 2021, respectively, in income tax expense in the accompanying consolidated statements of operations.

Space Network Solutions is subject to partnership audit rules enacted as part of the Bipartisan Budget Act of 2015 (“the Centralized Partnership audit Regime”). Under the Centralized Partnership Audit Regime, any Internal Revenue Service (“IRS”) audit of Space Network Solutions would be conducted at the Company level, and if the IRS determines an adjustment, the default rule is that Space Network Solutions would pay an “imputed underpayment” including interest and penalties, if applicable. Space Network Solutions may instead elect to make a “push-out” election, in which case the partners for the year that is under audit would be required to take into account the adjustments on their own personal or business tax returns. If Space Network Solutions receives an imputed underpayment, a determination will be made based on the relevant facts and circumstances that exist at that time to allocate such imputed underpayment to each partner based on their specific share of such imputed underpayment. Any payments that Space Network Solutions ultimately makes on behalf of its current partners will be reflected as a distribution, rather than tax expense, at the time that such distribution is declared.

The Company follows the guidance of ASC Topic 740, Income Taxes. Interest and penalties associated with tax positions are recorded in the period assessed as general and administrative expenses. The open tax years for Intuitive Machines’ and Intuitive Aviation’s tax returns include 2019 through 2021 for state and federal reporting purposes.

Unit-Based Compensation

We recognize all unit-based awards to employees and directors as unit-based compensation expense based upon their fair values on the date of grant.

We estimate the fair value of unit-based payment awards on the date of grant. The value of the portion of the award that is ultimately expected to vest is recognized as an expense during the requisite service periods. We have estimated the fair value for each option award as of the date of grant using the Black-Scholes option pricing model. The Black-Scholes option pricing model considers, among other factors, the expected life of the award and the expected volatility of our unit price. We recognize the unit-based compensation expense over the requisite service period using the straight-line method for service condition only awards, which is generally a vesting term of five years. Forfeitures are accounted for in the period in which they occur.

Accounting Principles Recently Adopted

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), which removes specific exceptions to the general principles in ASC Topic 740 related to the incremental approach for intra-period tax allocation, accounting for basis differences for ownership changes in foreign investments and interim period income tax accounting for year-to-date losses that exceed anticipated losses. The ASU also improves financial statement preparers’ application of income tax-related guidance and simplifies GAAP for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax and enacted changes in tax laws in interim periods. For private entities, this ASU is effective for fiscal years beginning after December 15, 2021, and interim periods within those years. Early adoption is permitted. The adoption of ASU 2019-12 did not have a material impact on our financial condition, results of operations, and cash flows.

In October 2020, the FASB issued ASU 2020-10, Codification Improvements, which removes references to various FASB Concepts Statements, properly situates all disclosure guidance in the appropriate disclosure section of the Codification as well as makes other improvements and technical corrections to the Codification that are not expected to have a significant effect on current accounting practice. The changes of this ASU are effective for annual periods beginning after December 15, 2021. The adoption of ASU 2020-10 did not have a material impact on our financial condition, results of operations, or cash flows.

Supplemental Cash Flow Information (Details) - Schedule of Supplemental Cash Flow Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Supplemental cash flow information:
Cash paid for interest, net	$ 1,013	$ 230
Cash paid for Texas margin tax
Accrued capital expenditures	$ (38)

Leases (Details) - Schedule of Balance Sheet Information Related to Operating Leases - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Balance Sheet Information Related to Operating leases [Abstract]
Long-term right-of-use assets	$ 4,829	$ 1,829
Current lease liabilities	725	514
Long-term lease liabilities	5,078	2,371
Total operating lease liabilities	$ 5,803	$ 2,885

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (4,670)	$ (6,896)	$ (6,405)	$ (35,648)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	615	507	1,072	840
Bad debt expense	124
Loss on disposal of property and equipment		6	6
Gain on extinguishment of debt				(1,806)
Share-based compensation expense	1,192	240	624	318
Change in fair value of SAFE Agreements	2,353	(436)	91	(527)
Deferred income taxes			(7)
Change in fair value of earn-out liabilities	(25,030)
Other	18		13
Changes in operating assets and liabilities:
Trade accounts receivable, net	(1,091)	(13,219)	2,088	(2,687)
Accounts receivable – affiliated companies				114
Contract assets	2,272	(13,999)	(5,135)	5,309
Prepaid expenses	(2,154)	(1,079)	(5,699)	(738)
Other assets, net	358	(245)	(2,999)	293
Accounts payable	13,373	12,878	3,423	(9,240)
Accounts payable – affiliated companies	559	1,288	225	157
Contract liabilities – current and long-term	(18,190)	9,493	(1,316)	25,416
Other liabilities	14,497	322	14,803	1,631
Net cash used in operating activities	(15,774)	(11,140)	784	(16,568)
Cash flows from investing activities:
Purchase of property and equipment	(20,200)	(5,405)	(16,405)	(3,176)
Net cash used in investing activities	(20,200)	(5,405)	(16,405)	(3,176)
Cash flows from financing activities:
Proceeds from Business Combination	8,055
Proceeds from Series A Preferred Stock	26,000
Transaction costs	(9,371)
Proceeds from borrowings		3,711	7,948	12,170
Repayment of loans		(108)	(108)	(63)
Proceeds from issuance of units			6
Member distributions	(4,263)
Proceeds from stock option exercises	22
Forward purchase agreement termination	12,730
Warrants exercised	16,124
SAFE Agreements		4,250	4,250	13,000
Net cash provided by financing activities	49,297	7,853	12,096	25,107
Net increase (decrease) in cash, cash equivalents and restricted cash	13,323	(8,692)	(3,525)	5,363
Cash, cash equivalents and restricted cash at beginning of the period	25,826	29,351	29,351	23,988
Cash, cash equivalents and restricted cash at end of the period	39,149	20,659	25,826	29,351
Less: restricted cash	62	62	62	62
Cash and cash equivalents at end of the period	39,087	20,597	$ 25,764	$ 29,289
Supplemental disclosure of cash flow information
Cash paid for interest, net	972	253
Cash paid for taxes	34	355
Noncash financing activities:
Transaction costs	15,074
SAFE Agreements	20,667
Class A Common Stock related to CEF (Note 3)	(834)
Preferred dividends	$ (983)

Mezzanine Equity and Equity

6 Months Ended

Jun. 30, 2023

Mezzanine Equity and Equity [Abstract]

MEZZANINE EQUITY AND EQUITY

NOTE 9 — MEZZANINE EQUITY AND EQUITY

The condensed consolidated statements of shareholders’ deficit, mezzanine equity and noncontrolling interests reflect the reverse recapitalization and Business Combination as described in Note 1 — Business Description and Note 3 — Business Combination and Related Transactions. As Intuitive Machines, LLC was deemed to be the accounting acquirer in the Business Combination, all periods prior to the consummation of the Business Combination reflect the balances and activity of Intuitive Machines, LLC. The consolidated balances as of December 31, 2022 from the audited financial statements of Intuitive Machines, LLC as of that date and membership unit activity in the condensed consolidated statements of change in shareholders’ deficit, as well as mezzanine and noncontrolling interests, prior to the consummation of the Business Combination have not been retroactively adjusted.

Upon consummation of the Transactions, the Company’s capital stock consisted of (i) 8,243,750 shares of Class A Common Stock held by the Sponsor, (ii) 5,493,182 shares of Class A Common Stock issued to public shareholder, net of redemptions, (iii) 2,066,667 shares of Class A Common Stock issued as a result of the conversion of SAFE Agreements previously held by investors in Intuitive Machines, LLC, (iv) 10,566 shares of Class B Common Stock issued to Intuitive Machines, LLC Class B Unit holders, (v) 68,140,188 shares of Class C Common Stock issued to the Founders of Intuitive Machines, LLC, and (vi) 26,000 shares of Series A Preferred Stock issued to PIPE investors. In addition, 10,000,000 Earn Out Units were issued to the Intuitive Machines, LLC Founders representing contingently issuable shares of Class A Common Stock as further described in Note 3.

The table below reflects share information about the Company’s capital stock as of June 30, 2023.

	Par Value		Authorized	Issued	Treasury Stock		Outstanding
Class A Common Stock	$	0.0001	500,000,000	17,301,489	(1,250,000	)	16,051,489
Class B Common Stock	$	0.0001	100,000,000	10,566	—		10,566
Class C Common Stock	$	0.0001	100,000,000	70,640,188	—		70,640,188
Series A Preferred Stock	$	0.0001	25,000,000	26,000	—		26,000
Total shares			725,000,000	87,978,243	(1,250,000	)	86,728,243

Class A Common Stock

Each holder of Class A Common Stock is entitled to one vote for each share of Class A Common Stock held of record in person or by proxy on all matters submitted to a vote of the holders of Class A Common Stock, whether voting separately as a class or otherwise. Class A Common Stock has rights to the economics of the Company and to receive dividend distributions, subject to applicable laws and the rights and preferences of holders of Series A Preferred Stock or any other series of stock having preference over or participation rights with Class A Common Stock. In the event of liquidation, dissolution or winding up of the affairs of Company, Class A Common Stock has rights to assets and funds of the Company available for distribution after making provisions for preferential and other amounts to the holders of Series A Preferred Stock or any other series of stock having preference over or participation rights with Class A Common Stock.

Class B Common Stock

Each holder of Class B Common Stock is entitled to one vote for each share of Class B Common Stock held of record in person or by proxy on all matters submitted to a vote of the holders of Class B Common Stock, whether voting separately as a class or otherwise. Class B Common Stock does not have rights to the economics of the Company nor to receive dividend distributions, except in limited circumstances. In the event of liquidation, dissolution or winding up of the affairs of the Company, Class B Common Stock holders are entitled to receive par value per share only. Class B Common Stock ownership is limited only to Intuitive Machines, LLC members in an amount not to exceed at any time the aggregate number of Intuitive Machines, LLC Common Units held of record by such member.

Class C Common Stock

Each holder of Class C Common Stock is entitled to three votes for each share of Class C Common Stock held of record in person or by proxy on all matters submitted to a vote of the holders of Class C Common Stock, whether voting separately as a class or otherwise. Class C Common Stock does not have rights to the economics of the Company nor to receive dividend distributions, except in limited circumstances. In the event of liquidation, dissolution or winding up of the affairs of the Company, Class C Common Stock holders are entitled to receive par value per share only. Class C Common Stock ownership is limited only to Intuitive Machines, LLC Founders in an amount not to exceed at any time the aggregate number of Intuitive Machines, LLC Founder Common Units held of record by such founder. The Intuitive Machines, LLC Founders are Dr. Kamal Ghaffarian, Stephen J. Altemus and Dr. Timothy Crain and their permitted transferees.

Class B and C Common Stock Conversions to Class A Common Stock

After the expiration of the applicable lock-up Period, holders of certain Intuitive Machines, LLC Common Units will be permitted to exchange their Intuitive Machines, LLC Common Units (along with the cancellation of the paired share of Class B Common Stock or share of Class C Common Stock) for shares of Class A Common Stock on a one-for-one basis (subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications) or at the Company’s election (determined by a majority of our directors who are disinterested with respect to such determination), cash from a substantially concurrent public offering or private sale in an amount equal to the net amount, on a per share basis, of cash received as a result of such public offering or private sale.

Series A Preferred Stock (Mezzanine Equity)

The Series A Preferred Stock votes together with the Company’s Common Stock on an as-converted basis, except as required by law and under certain protective provisions. Each holder of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Class A Common Stock into which the shares of Series A Preferred Stock are convertible. The Series A Preferred Stock pays dividends, semi-annually at the rate of 10% of the original price per share, plus the amount of previously accrued, but unpaid dividends, compounded semi-annually, and participates with our Common Stock on all other dividends. Accrued dividends may be paid (i) in cash, (ii) subject to satisfaction of certain equity conditions, in shares of Class A Common Stock or (iii) accumulated, compounded and added to the liquidation preference described below.

Upon any liquidation or deemed liquidation event, the holders of Series A Preferred Stock will be entitled to receive out of the available proceeds, before any distribution is made to holders of Common Stock or any other junior securities, an amount per share equal to the greater of (i) 100% of the Accrued Value (as defined in the Certificate of Designation) or (ii) such amount per share as would have been payable had all shares of Series A Preferred Stock been converted into Class A Common Stock immediately prior to the liquidation event.

Each share of Series A Preferred Stock will be convertible at the holder’s option into shares of Class A Common Stock at an initial conversion ratio determined by dividing the Accrued Value (as defined in the Certificate of Designation) of such shares of Series A Preferred Stock by the conversion price of $12.00 per share subject to adjustment in accordance with the terms of the Certificate of Designation.

The Series A Preferred Stock shall be redeemable at the option of the holder commencing any time after the 5th year anniversary of the Closing at a price equal to the 100% of the sum of (i) original purchase price plus (ii) all accrued/declared but unpaid dividends.

The Series A Preferred Stock shall be redeemable at the Company’s option commencing any time (A) after the 3rd year anniversary of the Closing at a price equal to the 115% of the Accrued Value, (B) after the 4th anniversary of the Closing at a price equal to the 110% of the Accrued Value and (C) after the 5th anniversary of the Closing at a price equal to the 100% of the Accrued Value.

Redeemable Noncontrolling Interests

As of June 30, 2023, the prior investors of Intuitive Machines, LLC owns 81.5% of the common units of Intuitive Machines, LLC. The prior investors of Intuitive Machines, LLC have the right to exchange their common units in Intuitive Machines, LLC (along with the cancellation of the paired shares of Class B Common Stock or Class C Common Stock in Intuitive Machines, Inc.) for shares of Intuitive Machines, Inc.’s Class A Common Stock on a one-to-one basis or cash proceeds for an equivalent amount. The option to redeem Intuitive Machines, LLC’s common units for cash proceeds must be approved by the Board of Intuitive Machines, Inc., which as of June 30, 2023, is controlled by the prior investors. The ability to put common units is solely within the control of the holder of the redeemable noncontrolling interests. If the prior investors elect the redemption to be settled in cash, the cash used to settle the redemption must be funded through a private or public offering of Class A Common Stock and subject to the Company’s Board approval.

The financial results of Intuitive Machines, LLC and its subsidiaries are consolidated with Intuitive Machines, Inc., with the redeemable noncontrolling interests’ share of our net loss separately allocated.

- Definition

The entire disclosure for equity.

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+ Details

Revenue (Details) - Schedule of Disaggregated Revenue - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Revenue by Contract Type
Fixed price amount					$ 80,801	$ 68,487
Fixed price percentage					94.00%	94.00%
Time and materials amount					$ 5,145	$ 4,063
Time and materials percentage					6.00%	6.00%
Total	$ 17,993	$ 19,217	$ 36,229	$ 37,688	$ 85,946	$ 72,550
Total					100.00%	100.00%

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Fair Value Measurements (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Feb. 13, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 23, 2023
Fair Value Measurements (Details) [Line Items]
Stock price (in Dollars per share)	$ 10.42	$ 8.19			$ 10.26
Dividend percentage	0.00%	0.00%
Risk-free rate	3.93%	4.20%		0.10%
Expected volatility percentage	100.00%	90.00%		45.00%
Fair value liabilities (in Dollars)	$ 99.7	$ 1.0
Contract assumed percentage		60.00%
Liquidity percentage			50.00%
Probability of dissolution event percentage			5.00%	5.00%
Volatility rate			65.00%
Discount rate			18.70%
Equity financing term			6 months	6 months
Liquidity event term			1 year
Dissoution events term			2 years
Fair value (in Dollars)	$ 20.7
Shares issued (in Shares)			122,505,500	122,505,500
Price per share (in Dollars per share)	$ 10
Probability of equity financing percentage			0.00%	45.00%
Probability of liquidity percentage			95.00%	50.00%
Discount rate percentage			16.40%	9.60%
Liquidity event term			3 months	1 year
Dissolution events term			1 year	2 years
Volatility percentage				65.00%
Class A Common Stock [Member]
Fair Value Measurements (Details) [Line Items]
Shares issued (in Shares)	2,066,667
Series of Individually Immaterial Business Acquisitions [Member]
Fair Value Measurements (Details) [Line Items]
Equity percentage			45.00%

Related Party Transactions

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

RELATED PARTY TRANSACTIONS

NOTE 15 — RELATED PARTY TRANSACTIONS

Intuitive Machines, Intuitive Aviation, and Space Network Solutions (“SNS”) have entered into recurring transaction agreements with certain related parties, including sales agreements and loan agreements.

Axiom Space, Inc.

The Company recognized revenue from Axiom Space, Inc. (“Axiom”) related to engineering services of $0.1 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively, and $0.1 million and $1.4 million for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023 and December 31, 2022, there were $1.0 million and $0.8 million, respectively, of affiliate accounts receivable related to Axiom. As of June 30, 2023 and December 31, 2022, the affiliate accounts receivable balances were fully reserved. Kamal Ghaffarian, the Chairman of the Company’s Board of Directors and one of the co-founders of Intuitive Machines, LLC is a co-founder and current member of management at Axiom. Revenue related to Axiom are incurred in the normal course of business and amounts are settled under normal business terms.

IBX, LLC and PTX, LLC

The Company incurred expenses with IBX, LLC and PTX, LLC (“IBX/PTX”) related to bid & proposal, capture management and various consulting services of $0.2 million and $1.1 million for the three months ended June 30, 2023 and 2022, respectively, and $0.6 million and $1.5 million for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023 and December 31, 2022, there were $0.6 million and $0.4 million, respectively, of affiliate accounts payable related to IBX/PTX expenses. Kamal Ghaffarian is a member of Management at Intuitive Machines and a member of Management at IBX/PTX. Expenses related to IBX/PTX are incurred in the normal course of business and amounts are settled under normal business terms.

KBR, Inc.

On November 12, 2020, KBR, Inc. (“KBR”) made an initial capital contribution in SNS resulting in a 10% ownership of SNS, which was previously a wholly owned subsidiary of Intuitive Machines, LLC. The Company recognized affiliate revenue from KBR related to engineering services of $0.8 million and $0.5 million for the three months ended June 30, 2023 and 2022, respectively, and $1.4 million and $0.9 million for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023 and December 31, 2022, there was $0.3 million and $0.3 million, respectively, of affiliate accounts receivable related to KBR revenue. Revenue related to KBR are incurred in the normal course of business and amounts are settled under normal business terms.

X-energy, LLC

As of June 30, 2023 and December 31, 2022, there were $0.6 million and $0.1 million, respectively, of affiliate accounts payable related to X-energy, LLC (“X-energy”) expenses. Expenses related to X-energy are incurred in the normal course of business and amounts are settled under normal business terms.

Penumbra, LLC

The Company incurred expenses with Penumbra, LLC (“Penumbra”) related to license fees for the three and six months ended June 30, 2022 of $17 thousand and $67 thousand, respectively, and incurred no expenses for the three and six months ended June 30, 2023. Certain members of executive management at Intuitive Machines have an ownership interest in Penumbra. Expenses related to Penumbra are incurred in the normal course of business.

NOTE 13 — RELATED PARTY TRANSACTIONS

Intuitive Machines, Intuitive Aviation, and Space Network Solutions have entered into recurring transaction agreements with certain related parties, including sales agreements and loan agreements.

Axiom Space, Inc.

For years ended December 31, 2022 and 2021, the Company had $1.6 million and $0.8 million, respectively, in revenue with Axiom Space, Inc. (“Axiom”) related to engineering services. As of December 31, 2022 and 2021, there were $0.8 million and $0.3 million, respectively, of affiliate accounts receivable related to Axiom. As of December 31, 2022, the affiliate accounts receivable balance has been fully reserved. Kamal Ghaffarian is a member of Management at Intuitive Machines and a member of Management at Axiom. Revenues related to Axiom are incurred in the normal course of business and amounts are settled under normal business terms.

IBX, LLC

For years ended December 31, 2022 and 2021, the Company had $2.1 million and $0.3 million, respectively, in expenses with IBX, LLC (“IBX”) related to management fees. As of December 31, 2022 and 2021, there were $0.4 million and $0.2 million, respectively, of affiliate accounts payable related to IBX expenses. Kamal Ghaffarian is a member of Management at Intuitive Machines and a member of Management at IBX. Expenses related to IBX are incurred in the normal course of business and amounts are settled under normal business terms.

KBR, Inc.

On November 12, 2020, KBR, Inc. (“KBR”) made an initial capital contribution in SNS resulting in a 10% ownership of SNS, previously a wholly owned subsidiary of the Company. For years ended December 31, 2022 and 2021, the Company had $1.9 million and $1.3 million, respectively, in affiliate revenue with KBR related to engineering services. As of December 31, 2022 and 2021, there was $0.3 million and $0.2 million, respectively, of affiliate accounts receivable related to KBR revenue. Revenues related to KBR are incurred in the normal course of business and amounts are settled under normal business terms.

X Energy, LLC

As of December 31, 2022 and 2021, there were $0.1 million and $0 million, respectively, of affiliate accounts payable related to X Energy expenses. Expenses related to X Energy are incurred in the normal course of business and amounts are settled under normal business terms.

Penumbra, LLC

For years ended December 31, 2022 and 2021, the Company had $0.1 million and $0.2 million, respectively, in expenses with Penumbra, LLC (“Penumbra”) related to license fees. Certain members of executive management at Intuitive Machines have an ownership interest in Penumbra. Expenses related to Penumbra are incurred in the normal course of business.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Debt (Details) - Schedule of Long-Term Debt Instruments - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Long Term Debt Instruments [Abstract]
Credit Mobilization Facility	$ 20,000	$ 20,000	$ 12,000
Less: deferred financing costs	(25)	(39)
Less: current maturities	(19,975)	(16,098)
Long-term debt, net of current maturities		$ 3,863

Revenue

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Revenue [Abstract]

REVENUE

NOTE 4 — REVENUE

Disaggregated Revenue

We disaggregate our revenue from contracts with customers by contract type. The following table provides information about disaggregated revenue for the three and six months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
Revenue by Contract Type
Fixed price	$	15,949	89	%	$	18,084	94	%	$	32,544	90	%	$	34,552	92	%
Time and materials		2,044	11	%		1,133	6	%		3,685	10	%		3,136	8	%
Total	$	17,993	100	%	$	19,217	100	%	$	36,229	100	%	$	37,688	100	%

Contract Assets and Liabilities

Contract assets primarily relate to deferred contract costs for subcontracted launch services, as well as work completed not yet billed for performance obligations that are satisfied over time. Deferred contract costs and unbilled receivables are recorded contract assets on our condensed consolidated balance sheets. Contract assets related to deferred contract costs are amortized straight-line across the life of the long-term service arrangement. Contract assets related to work completed for performance obligations that are satisfied over time are transferred to receivables when the right to consideration becomes unconditional. Contract liabilities relate to billings or consideration received in advance of performance (obligation to transfer goods or services to a customer) under the contract as well as provisions for loss contracts. Contract liabilities are recognized as revenue when the performance obligation has been performed. Current deferred revenue and provisions for loss contracts are recorded in current contract liabilities on our condensed consolidated balance sheets. Long-term deferred revenue and provisions for loss contracts are recorded in long-term contract liabilities on our condensed consolidated balance sheets.

The following table presents contract assets as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Contract Assets
Deferred contract costs	$	4,125	$	6,633
Unbilled receivables		582		346
Total	$	4,707	$	6,979

Amortization expense associated with deferred contract costs for subcontracted launch services was recorded in cost of revenue and was $8.1 million and $18.0 million, respectively, for the three and six months ended June 30, 2023 and $10.1 million and $21.9 million, respectively, for the three and six months ended June 30, 2022.

The following table presents contract liabilities as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Contract liabilities – current
Deferred revenue	$	22,560	$	39,831
Contract loss provision		11,449		10,120
Accrued launch costs		6,645		6,705
Total contract liabilities – current		40,654		56,656

Contract liabilities – long-term
Contract loss provision		—		2,188
Total contract liabilities – long-term		—		2,188
Total contract liabilities	$	40,654	$	58,844

Revenue recognized from amounts included in contract liabilities at the beginning of the period was $27.5 million and $19.8 million during the six months ended June 30, 2023 and 2022, respectively.

Loss Contracts

Contract losses are a result of constraining variable consideration and estimated contract costs exceeding current contract price. The Company experiences favorable or unfavorable changes to contract losses from time to time due to changes in estimated contract costs and modifications that result in changes to contract price. We recorded net losses related to contracts with customers of $7.0 million and $13.6 million, respectively, for the three and six months ended June 30, 2023, and zero and $2.4 million, respectively, for the three and six months ended June 30, 2022.

As of June 30, 2023, the status of these loss contracts was as follows:

• The first contract, for lunar payload services, became a loss contract in 2019 due to the constraint of variable consideration. Variable consideration has been constrained to $0 from a total potential amount of $8.1 million. For the six months ended June 30, 2023, and 2022, changes in estimated contract costs resulted in an additional $5.1 million and $2.4 million contract loss, respectively. As of June 30, 2023, and 2022, this contract was approximately 98% complete and 91% complete, respectively. The contract is anticipated to be 100% complete as of February 29, 2024. As of June 30, 2023 and December 31, 2022, the contract loss provision recorded in contract liabilities, current in our condensed consolidated balance sheets was $0.3 million and $0.4 million, respectively.

• The second contract, for lunar payload services, became a loss contract in 2021 due to the constraint of variable consideration and estimated contract costs exceeding current contract price. Variable consideration has been constrained to $0 from a total potential amount of $7.8 million. For the six months ended June 30, 2023 and 2022, changes in estimated contract costs resulted in an additional $1.8 million and $0 in contract loss, respectively. As of June 30, 2023, and 2022, this contract was approximately 48% complete and 17% complete, respectively. The contract is anticipated to be 100% complete as of June 30, 2024. As of June 30, 2023 and December 31, 2022, the contract loss provision recorded in contract liabilities, current was $8.6 million and $7.7 million, respectively, and $0 and $2.2 million, respectively, in contract liabilities, non-current in our condensed consolidated balance sheets.

• The third contract, for lunar payload services, became a loss contract in 2022 due to the constraint of variable consideration and estimated contract costs exceeding current contract price. Variable consideration has been constrained to $0 from a total potential amount of $8.4 million. For the six months ended June 30, 2023 and 2022, changes in estimated contract costs resulted in an additional $5.9 million and $0 contract loss, respectively. As of June 30, 2023 this contract was approximately 80% complete. This contract is anticipated to be 100% complete as of June 30, 2024. As of June 30, 2023 and December 31, 2022, the contract loss provision recorded in contract liabilities, current in our condensed consolidated balance sheets was $2.4 million and $1.9 million, respectively.

• The remaining loss contracts are individually and collectively immaterial.

Remaining Performance Obligations

Remaining performance obligations represent the remaining transaction price of firm orders for which work has not been performed and excludes unexercised contract options. As of June 30, 2023, the aggregate amount of the transaction price allocated to remaining fixed price performance obligations was $73.4 million. The Company expects to recognize revenue on approximately 50-55% of the remaining performance obligations over the next 6 months, 45-50% in 2024 and the remaining thereafter. Remaining performance obligations do not include variable consideration that was determined to be constrained as of June 30, 2023.

For time and materials contracts, we have adopted the practical expedient that allows us to recognize revenue based on our right to invoice; therefore, we do not report unfulfilled performance obligations for time and materials agreements.

NOTE 3 — REVENUE

Disaggregated Revenues

We disaggregate our revenue from contracts with customers by contract type. The following tables provide information about disaggregated revenue for the years ended December 31, 2022 and 2021 (in thousands):

	Year Ended December 31,
	2022				2021
Revenue by Contract Type
Fixed price	$	80,801	94	%	$	68,487	94	%
Time and materials		5,145	6	%		4,063	6	%
Total	$	85,946	100	%	$	72,550	100	%

Contract Assets and Liabilities

amortized straight-line across the life of the long-term service arrangement. Contract assets related to work completed for performance obligations that are satisfied over time are transferred to receivables when the right to consideration becomes unconditional. Contract liabilities relate to billings or consideration received in advance of performance (obligation to transfer goods or services to a customer) under the contract as well as provisions for loss contracts. Contract liabilities are recognized as revenue when the performance obligation has been performed. Current deferred revenue and provisions for loss contracts are recorded in current contract liabilities on our consolidated balance sheets. Long-term deferred revenue and provisions for loss contracts are recorded in long-term contract liabilities on our consolidated balance sheets.

The following table presents contract assets as of December 31, 2022 and December 31, 2021 (in thousands):

	December 31, 2022		December 31, 2021
Contract Assets
Deferred contract costs	$	6,633	$	1,800
Unbilled receivables		347		44
Total	$	6,979	$	1,844

For the years ended December 31, 2022 and 2021, amortization expense associated with deferred contract costs for subcontracted launch services is recorded in cost of services and was $43.3 million and $45.7 million, respectively.

The following table presents contract liabilities as of December 31, 2022 and December 31, 2021 (in thousands):

	December 31, 2022		December 31, 2021
Contract Liabilities
Contract liabilities – current
Deferred revenue	$	39,831	$	31,644
Contract loss provision		10,120		12,001
Accrued launch costs		6,705		5,984
Total contract liabilities – current		56,656		49,629
Contract liabilities – long-term
Contract loss provision		2,188		10,530
Total contract liabilities – long-term		2,188		10,530
Total contract liabilities	$	58,844	$	60,159

Revenue recognized from amounts included in contract liabilities at the beginning of the period was $31.4 million and $30.5 million during the years ended December 31, 2022 and 2021, respectively.

Loss Contracts

Contract losses are a result of constraining variable consideration and estimated contract costs exceeding current contract price. The Company experiences favorable or unfavorable changes to contract losses from time to time due to changes in estimated contract costs and modifications that result in changes to contract price. In the year ended December 31, 2022 and 2021, we recorded $(9.3) million and $31.5 million in cumulative (favorable) and unfavorable changes, respectively, related to contracts with customers.

As of December 31, 2022, the status of these loss contracts were as follows:

(1) The first contract, for commercial lunar payload services, became a loss contract in 2019 due to the constraint of variable consideration. Variable consideration has been constrained to $0 from a total potential amount of $8.1 million. For the years ended December 31, 2022, and 2021, changes in contract price and estimated contract costs resulted in (favorable) and unfavorable changes of $(11.1) million and $11.7 million, respectively. As of December 31, 2022, and 2021, this contract was approximately 96% complete and 83% complete, respectively. The contract is anticipated to be 100% complete as of March 2023. As of December 31, 2022 and 2021, the reserve for estimated contract losses recorded in other current liabilities in our consolidated balance sheets was $0.4 million and $3.9 million, respectively.

(2) The second contract, for commercial lunar payload services, became a loss contract in 2021 due to the constraint of variable consideration and estimated contract costs exceeding current contract price. Variable consideration has been constrained to $0 from a total potential amount of $7.8 million. For the years ended December 31, 2022, and 2021, changes in estimated contract costs resulted in (favorable) and unfavorable changes of $(4.7) million and $19.3 million, respectively. As of December 31, 2022, and 2021, this contract was approximately 32.5% complete and 4% complete, respectively. The contract is anticipated to be 85% complete and 100% complete as of December 2023 and 2024, respectively. As of December 31, 2022 and 2021, the reserve for estimated contract losses recorded in other current liabilities in our consolidated balance sheets was $9.9 million and $18.5, respectively.

(3) The third contract, for commercial lunar payload services, became a loss contract in 2022 due to the constraint of variable consideration and estimated contract costs exceeding current contract price. Variable consideration has been constrained to $0 from a total potential amount of $8.4 million. For the years ended December 31, 2022, and 2021, changes in estimated contract costs resulted in an additional $6.0 million and $0 contract loss, respectively. As of December 31, 2022 this contract was approximately 69.1% complete. The contract is anticipated to be 100% complete as of May 2024. As of December 31, 2022, the reserve for estimated contract losses recorded in other current liabilities in our consolidated balance sheet was $1.9 million.

• The remaining loss contracts are individually and collectively immaterial.

Remaining Performance Obligations

Remaining performance obligations represent the remaining transaction price of firm orders for which work has not been performed and excludes unexercised contract options. As of December 31, 2022, the aggregate amount of the transaction price allocated to remaining fixed price performance obligations was $101.4 million. The Company expects to recognize revenue on approximately 80-85% of the remaining performance obligations over the next 12 months, 15-20% recognized in 2024 and the remaining thereafter. Remaining performance obligations do not include variable consideration that was determined to be constrained as of December 31, 2022.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Revenue (Details) - Schedule of Contract Liabilities - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contract liabilities – current
Deferred revenue	$ 39,831	$ 31,644
Contract loss provision	10,120	12,001
Accrued launch costs	6,705	5,984
Total contract liabilities – current	56,656	49,629
Contract liabilities – long-term
Contract loss provision	2,188	10,530
Total contract liabilities – long-term	2,188	10,530
Total contract liabilities	$ 58,844	$ 60,159

Earnings Per Unit (Details) - Schedule of Basic and Diluted Net Loss Per Share - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Basic and diluted:
Net loss	$ (6,405)	$ (35,648)
Weighted-average common shares outstanding Basic (in Shares)	122,501,241	122,500,000
Basic and diluted net loss per unit	$ (0.05)	$ (0.29)

Earnings Per Unit (Details) - Schedule of Basic and Diluted Net Loss Per Share (Parentheticals) - $ / shares

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Schedule of Basic and Diluted Net Loss Per Share [Abstract]

Weighted-average common shares outstanding Diluted (in Shares)

19,383,601

24,191,853

122,501,241

122,500,000

Diluted net loss per unit

$ 1.52

^[1]

$ 0.83

^[1]

$ (0.05)

$ (0.29)

[1]

As a result of the Business Combination (as defined herein), the capital structure has changed and income per share information is only presented after the Closing Date (as defined herein) of the Business Combination, for the period from February 13, 2023 through June 30, 2023. See Note 3 — Business Combination and Related Transactions and Note 13 — Net Income per Share for additional information.

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
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-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

Summary of Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives of Assets

Depreciation is computed using the straight-line method over the following estimated useful lives of assets:

Asset		Useful Life
Leasehold improvements		1 – 7 years
Vehicles and trailers		3 – 5 years
Computers and software		3 years
Furniture and fixtures		5 years
Machinery and equipment		3 – 7 years

Depreciation is computed using the straight-line method over the following estimated useful lives of assets:

Asset		Useful Life
Leasehold improvements		1 – 7 years
Vehicles and trailers		3 – 5 years
Computers and software		3 years
Furniture and fixtures		5 years
Machinery and equipment		3 – 7 years

Schedule of Other Current Liabilities

As of June 30, 2023 and December 31, 2022, other current liabilities consisted of the following (in thousands):

	June 30, 2023		December 31, 2022
Financing obligation, current (see Note 6 – Leases)	$	23,971	$	9,117
Payroll accruals		4,091		2,117

Professional fees accruals		1,491		3,677
Other accrued liabilities		581		267
Other current liabilities	$	30,134	$	15,178

Commitments and Contingencies

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 14 — COMMITMENTS AND CONTINGENCIES

Legal Proceedings

From time to time, the Company is a party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business. The Company applies accounting for contingencies to determine when and how much to accrue for and disclose related to legal and other contingencies. Accordingly, the Company discloses contingencies deemed to be reasonably possible and accrues loss contingencies when, in consultation with legal advisors, it is concluded that a loss is probable and reasonably estimable. While the resolution of these legal proceedings and claims cannot be predicted with certainty, management believes the outcome of such matters will not have a material adverse effect on our condensed consolidated financial statements.

NOTE 14 — COMMITMENTS AND CONTINGENCIES

Legal Proceedings

concluded that a loss is probable and reasonably estimable. While the resolution of these legal proceedings and claims cannot be predicted with certainty, management believes the outcome of such matters will not have a material adverse effect on our consolidated financial statements.

Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2023
Document Information Line Items
Entity Registrant Name	INTUITIVE MACHINES, INC.
Document Type	S-1
Amendment Flag	false
Entity Central Index Key	0001844452
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	DE

Mezzanine Equity and Equity (Details) - Schedule of Stock by Class - $ / shares	Jun. 30, 2023	Feb. 14, 2023	Dec. 31, 2022	Dec. 31, 2021
Mezzanine Equity and Equity (Details) - Schedule of Stock by Class [Line Items]
Common Stock, Par Value (in Dollars per share)			$ 0.00001	$ 0.00001
Common Stock, Issued			122,505,500	122,500,000
Common Stock, Outstanding			122,505,500	122,500,000
Total shares, Authorized	725,000,000
Total shares, Issued	87,978,243
Total shares, Treasury Stock	(1,250,000)
Total shares, Outstanding	86,728,243
Class A Common Stock [Member]
Mezzanine Equity and Equity (Details) - Schedule of Stock by Class [Line Items]
Common Stock, Par Value (in Dollars per share)	$ 0.0001	$ 0.0001
Common Stock, Authorized	500,000,000
Common Stock, Issued	17,301,489
Treasury Stock	(1,250,000)
Common Stock, Outstanding	16,051,489
Class B Common Stock [Member]
Mezzanine Equity and Equity (Details) - Schedule of Stock by Class [Line Items]
Common Stock, Par Value (in Dollars per share)	$ 0.0001
Common Stock, Authorized	100,000,000
Common Stock, Issued	10,566
Treasury Stock
Common Stock, Outstanding	10,566
Class C Common Stock [Member]
Mezzanine Equity and Equity (Details) - Schedule of Stock by Class [Line Items]
Common Stock, Par Value (in Dollars per share)	$ 0.0001
Common Stock, Authorized	100,000,000
Common Stock, Issued	70,640,188
Treasury Stock
Common Stock, Outstanding	70,640,188
Series A Preferred Stock [Member]
Mezzanine Equity and Equity (Details) - Schedule of Stock by Class [Line Items]
Preferred Stock, Par Value (in Dollars per share)	$ 0.0001
Preferred Stock, Authorized	25,000,000
Preferred Stock, Issued	26,000
Series A Preferred Stock
Preferred Stock, Outstanding	26,000

Unit-Based Compensation (Details) - Schedule of Weighted Average Fair Value of Black-Scholes	1 Months Ended	6 Months Ended	12 Months Ended
	Feb. 13, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Unit-Based Compensation (Details) - Schedule of Weighted Average Fair Value of Black-Scholes [Line Items]
Expected unit price volatility	100.00%	90.00%		45.00%
Risk-free interest rate	3.93%	4.20%		0.10%
Expected annual dividend yield
Expected term (years)			6 years 6 months	1 year 14 days
Minimum [Member]
Unit-Based Compensation (Details) - Schedule of Weighted Average Fair Value of Black-Scholes [Line Items]
Expected unit price volatility			65.00%
Risk-free interest rate			2.90%
Maximum [Member]
Unit-Based Compensation (Details) - Schedule of Weighted Average Fair Value of Black-Scholes [Line Items]
Expected unit price volatility			70.00%
Risk-free interest rate			3.60%

Net Income Per Share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of the basic and diluted income per share of Class A common stock for the period of February 13, 2023 (the Closing Date) to June 30, 2023 (in thousands, except share data):

	Three Months Ended June 30, 2023			Six Months Ended June 30, 2023
Numerator
Net income for the period from February 13, 2023 through June 30, 2023	$	18,777		$	1,081
Less: Net loss attributable to redeemable noncontrolling interests for the period from February 13, 2023 through June 30, 2023		(10,744	)		(19,080	)
Net income for the period from February 13, 2023 through June 30, 2023 attributable to the Company	$	29,521			20,161
Less: Cumulative preferred dividends		(655	)		(983	)
Net income for the period from February 13, 2023 through June 30, 2023 attributable to Class A common shareholders	$	28,866		$	19,178
Denominator
Basic weighted-average shares of Class A common stock outstanding		15,705,265			15,543,800
RSUs and Options		1,457,129			1,505,845
Series A Preferred Stock		2,221,207			2,207,590
Warrants		—			4,934,618
Diluted weighted-average shares of Class A common stock outstanding		19,383,601			24,191,853

Net income per share of Class A common stock – basic	$	1.84		$	1.23
Net income per share of Class A common stock – diluted	$	1.52		$	0.83

The following table presents net loss per unit and related information:

	Year Ended December 31,
	2022			2021
	(in thousands, except per unit data)
Basic and diluted:
Net loss	$	(6,405	)	$	(35,648	)
Weighted-average common shares outstanding		122,501,241			122,500,000
Basic and diluted net loss per unit	$	(0.05	)	$	(0.29	)

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Assets	Jun. 30, 2023
Leasehold improvements [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	1 year
Leasehold improvements [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	7 years
Vehicles and trailers [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	3 years
Vehicles and trailers [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	5 years
Computers and software [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	3 years
Furniture and fixtures [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	5 years
Machinery and equipment [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	3 years
Machinery and equipment [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of asset	7 years

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Schedule of income tax provision

	Year Ended December 31,
	2022			2021
Current:
Federal	$	—		$	—
State		(16	)		2
	$	(16	)	$	2
Deferred:
Federal		—			—
State		(7	)		—
	$	(7	)		—
Total income tax provision	$	(23	)	$	2

Schedule of income tax provision computed at the company’s effective tax rate

Years Ended December 31,	2022			2021
Loss before income taxes	$	(6,428	)	$	(35,646	)
Statutory income tax rates		21	%		21	%
Expected income tax benefit	$	(1,349	)	$	(7,486	)
Nontaxable entity	$	1,348		$	7,486
State income tax expense	$	(23	)	$	2
Change in valuation allowance	$	1		$	—
Total income tax expense	$	(23	)	$	2

Schedule of deferred tax assets and liabilities

	December 31,
	2022			2021
Deferred tax assets:
Net operating loss	$	165		$	164
Property and equipment		11			11
Inventory		148			148
Deferred revenue		12			—
Total deferred tax assets	$	336		$	323
Valuation allowance		(324	)		(323	)
Net deferred tax assets	$	12		$	—

Deferred tax liabilities:
481(a) deferred revenue		(5	)		—
Total deferred tax liabilities	$	(5	)	$	—
Net deferred tax asset (liability)	$	7			—

Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2022

Dec. 31, 2021

Income Statement [Abstract]

Revenue

$ 17,993

$ 19,217

$ 36,229

$ 37,688

$ 85,946

$ 72,550

Operating expenses:

Cost of revenue (excluding depreciation)

22,481

17,660

45,607

37,403

75,513

100,307

Depreciation

319

259

615

507

1,072

840

General and administrative expense (excluding depreciation)

8,376

3,517

17,153

6,497

14,868

9,291

Total operating expenses

31,176

21,436

63,375

44,407

91,453

110,438

Operating loss

(13,183)

(2,219)

(27,146)

(6,719)

(5,507)

(37,888)

Other (expense) income, net:

Interest expense, net

(274)

(127)

(553)

(253)

(836)

(224)

Gain on extinguishment of debt

1,806

Change in fair value of earn-out liabilities

28,756

25,030

Change in fair value of SAFE Agreements

151

(2,353)

436

(91)

527

Other income (expense), net

(50)

(5)

133

Total other income, net

28,432

22,163

178

(921)

2,242

Income (loss) before income taxes

15,249

(2,200)

(4,983)

(6,541)

(6,428)

(35,646)

Income tax benefit (expense)

3,528

(354)

313

(355)

(2)

Net income (loss)

18,777

(2,554)

(4,670)

(6,896)

$ (6,405)

$ (35,648)

Net loss attributable to Intuitive Machines, LLC prior to the Business Combination

$ (2,554)

(5,751)

(6,896)

Net income for the period February 13, 2023 through June 30, 2023

18,777

1,081

Net loss attributable to redeemable noncontrolling interest

(10,744)

(19,080)

Net income attributable to the Company

29,521

20,161

Less: Cumulative preferred dividends

(655)

(983)

Net income attributable to Class A common shareholders

$ 28,866

$ 19,178

Net income per share(1)

Net income per share of Class A common stock – basic (in Dollars per share)

$ 1.84

^[1]

$ 1.23

^[1]

$ (0.05)

$ (0.29)

Net income per share of Class A common stock – diluted (in Dollars per share)

$ 1.52

^[1]

$ 0.83

^[1]

$ (0.05)

$ (0.29)

Weighted-average common shares outstanding

Weighted average shares outstanding – basic (in Shares)

15,705,265

15,543,800

122,501,241

122,500,000

Weighted average shares outstanding – diluted (in Shares)

19,383,601

24,191,853

122,501,241

122,500,000

[1]

Fair Value Measurements (Details) - Schedule of Rollforward of the Company’s SAFE Agreement Liabilities $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Schedule of Rollforward of the Company’s SAFE Agreement Liabilities [Abstract]
Balance, beginning	$ 13,973
Additions	4,250
Change in fair value	91
Balance, ending	$ 18,314

Property and Equipment, Net

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 5 — PROPERTY AND EQUIPMENT, NET

As of June 30, 2023 and December 31, 2022, property and equipment, net consisted of the following (in thousands):

	June 30, 2023			December 31, 2022
Leasehold improvements	$	1,544		$	1,544
Vehicles and trailers		129			129
Computers and software		2,044			1,673
Furniture and fixtures		794			794
Machinery and equipment		2,392			2,211
Construction in progress		37,390			17,747
Property and equipment, gross		44,293			24,098
Less: accumulated depreciation and amortization		(3,532	)		(2,922	)
Property and equipment, net	$	40,761		$	21,176

Total depreciation expense related to property and equipment for the three and six months ended June 30, 2023 was $319 thousand and $615 thousand, respectively, and $259 thousand and $507 thousand for the three and six months ended June 30, 2022, respectively.

As of June 30, 2023 and December 31, 2022, the Company pledged property and equipment with net book value of approximately $39.9 million and $20.3 million, respectively, as security for its Credit Mobilization Facility with Live Oak Bank.

As of June 30, 2023, construction in progress includes $26.5 million of construction costs for a lunar operations center as further described in Note 6 - Leases as well as $10.6 million of costs associated with the fabrication of a commercial communications satellite. The Company capitalized interest in connection with construction in progress of $206 thousand and $379 thousand for the three and six months ended June 30, 2023, respectively, and $37 thousand and $68 thousand for the three and six months ended June 30, 2022, respectively.

NOTE 4 — PROPERTY AND EQUIPMENT, NET

As of December 31, 2022, and 2021, property and equipment, net consisted of the following (in thousands):

	December 31, 2022			December 31, 2021
Leasehold improvements	$	1,544		$	1,527
Vehicles and trailers		129			129
Computers and software		1,673			1,306
Furniture and fixtures		794			766
Machinery and equipment		2,211			1,962
Construction in progress		17,747			2,282
Property and equipment, gross		24,098			7,972
Less: accumulated depreciation and amortization		(2,922	)		(2,123	)
Property and equipment, net	$	21,176		$	5,849

Total depreciation related to property and equipment for the years ended December 31, 2022 and 2021 was $1.1 and $0.8 million, respectively.

As of December 31, 2022 and 2021, the Company pledged property and equipment with net book value of approximately $20.3 million and $4.7 million, respectively, as security for its comprehensive credit facilities with Live Oak Bank.

As of December 31, 2022, Construction in progress includes $10.3 million of construction costs for a lunar operations center as further described in Note 5 — Leases as well as $7.3 million of costs associated with the fabrication of a commercial communications satellite. The Company capitalized interest in connection with construction in progress of $247 thousand and $33 for the years ended December 31, 2022 and 2021, respectively.

Leases (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Leases [Abstract]

Schedule of Lease Expense

The components of total lease expense are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Operating lease cost	$	160	$	139	$	456	$	272
Short-term lease cost		145		—		145		—
Total lease cost	$	305	$	139	$	601	$	272

The components of total lease expense are as follows (in thousands):

	Year Ended December 31,
	2022		2021
Operating lease cost	$	721	$	478
Total lease cost	$	721	$	478

Schedule of Supplemental Cash Flow Information Related to Operating Leases

The components of supplemental cash flow information related to operating leases are as follows (in thousands):

	Six Months Ended June 30,
	2023			2022
Cash paid (received) for amounts included in the measurement of lease liabilities:
Cash flow from operating activities	$	485		$	361
Weighted average lease term (months)		157			49
Weighted average discount rate		5.6	%		5.9	%

Schedule of Future Undiscounted Cash Flows for Operating Leases

The table below includes the estimated future undiscounted cash flows for operating leases as of June 30, 2023 (in thousands):

Year Ending December 31,	Amount
Remainder of 2023	$	376
2024		916
2025		768
2026		706
2027		219
Thereafter		5,681
Total undiscounted lease payments	$	8,666
Less: imputed interest		3,159
Present value of lease liabilities	$	5,507

The table below includes the estimated future undiscounted cash flows for operating leases as of December 31, 2022 (in thousands):

Year Ending December 31,	Amount
2023	$	858
2024		916
2025		768
2026		706
2027		219
Thereafter		5,681
Total undiscounted lease payments	$	9,148
Less: imputed interest		3,345
Present value of lease liabilities	$	5,803

Schedule of Cash Flow Information Related to Operating Leases

The components of supplemental cash flow information related to operating leases are as follows (in thousands):

	Year Ended December 31,
	2022			2021
Cash paid (received) for amounts included in the measurement of lease liabilities:
Cash flow from operating activities	$	832		$	633
Weighted Average Lease Term (months)		155			59
Weighted average discount rate		5.7	%		6.0	%

Schedule of Balance Sheet Information Related to Operating Leases

The supplemental balance sheet information related to operating leases for the period is as follows (in thousands):

	December 31, 2022		December 31, 2021
Long-term right-of-use assets	$	4,829	$	1,829

Current lease liabilities	$	725	$	514
Long-term lease liabilities		5,078		2,371
Total operating lease liabilities	$	5,803	$	2,885

Members' Equity

12 Months Ended

Dec. 31, 2022

Members' Equity [Abstract]

MEMBERS’ EQUITY

NOTE 9 — MEMBERS’ EQUITY

The Company has two classes of common equity, Class A Common Units (“Class A Units” or “Class A Unit Interests”) and Class B Common Units (“Class B Units” or “Class B Unit Interests”) which are held by Members.

Class A Unit Interests have all the rights, privileges, preferences, and obligations provided for in the amended and restated LLC Agreement dated May 25, 2021, which are generally consistent with an ordinary equity ownership interest. The Company is authorized to issue an unlimited number of Class A Unit Interests. The Class A Unit Interests of the Company are based upon the fair market value of the Company as a whole, at the time of monetary contribution. In accordance with the amended and restated LLC agreement, Class A Unit Interests increased by a multiple of one hundred thousand (100,000) or 1 to 100,000 unit split on May 25, 2021. The Class A members and their respective unit interests uniformly increased. Unless otherwise indicated, the number of Members’ Units outstanding and per-unit amounts in these consolidated financial statements and accompanying notes have been retroactively adjusted to reflect

the effect of the unit split. As part of the Unit Split, the par value of our Members’ Units was adjusted from $1 per unit to $0.00001 per unit. As of December 31, 2022 and 2021, there were 122,505,500 and 122,500,000 Class A Units issued and outstanding, respectively.

Class B Unit Interests are non-voting interests and shall not have the right to approve, vote or take action on any issue requiring Member approval, Member voting or Member action as stated in the amended and restated LLC Agreement dated May 25, 2021. The Company is authorized to issue 6,125,000 of Class B Unit Interests. The Unit Interests of the Company are based upon the fair market value of the Company as a whole, at the date of purchase. As of December 31, 2022 and 2021, there were 5,500 and zero Class B Units issued and outstanding. Distributions (including liquidating distributions) are to be made to the Class A Unit Interest owners at a time to be determined by the Board of Managers. Member’s profit and loss distributions are dispersed based on their allocated Class A Unit Interests. Each Member’s equity account will be adjusted for distributions paid to the Member and additional capital contributions that are made by the Member. All revenues, costs and expenses of the Company are allocated to the Member in accordance with the LLC Agreements. Except as otherwise expressly agreed in writing, members of the Company are not personally liable for any obligations of the Company.

Income Taxes (Details) - Schedule of deferred tax assets and liabilities - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Net Operating Loss	$ 165	$ 164
Property and equipment	11	11
Inventory	148	148
Deferred Revenue	12
Total deferred tax assets	336	323
Valuation allowance	(324)	(323)
Net deferred tax assets	12
Deferred tax liabilities:
481(a) Deferred Revenue	(5)
Total deferred tax liabilities	(5)
Net Deferred Tax Asset (Liability)	$ 7

Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Shedule of Fair Value of Assets and Liabilities

	Frequency of Measurement	June 30, 2023
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
Earn-out liabilities	Recurring	$	55,254	$	—	$	—	$	55,254
Total liabilities measured at fair value		$	55,254	$	—	$	—	$	55,254

	Frequency of Measurement	December 31, 2022
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
SAFE Agreement liabilities	Recurring	$	18,314	$	—	$	—	$	18,314
Total liabilities measured at fair value		$	18,314	$	—	$	—	$	18,314

	December 31, 2022
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
SAFE Agreement liabilities	Recurring	$	18,314	$	—	$	—	$	18,314
Total liabilities measured at fair value		$	18,314	$	—	$	—	$	18,314

	December 31, 2021
	Frequency of Measurement	Total		Level 1		Level 2		Level 3
Liabilities
SAFE Agreement liabilities	Recurring	$	13,973	$	—	$	—	$	13,973
Total liabilities measured at fair value		$	13,973	$	—	$	—	$	13,973

Schedule of Roll-Forward of the Company’s Level 3 Liabilities

The following table provides a roll-forward of the Company’s Level 3 liabilities (in thousands):

	Earn-out liabilities			SAFE Agreement liabilities
Balance, December 31, 2022	$	—		$	18,314
Additions		99,659			—
Change in fair value		(25,030	)		2,353
Converted to equity		(19,375	)		(20,667	)
Balance, June 30, 2023	$	55,254		$	—

The following tables provides a rollforward of the Company’s SAFE Agreement liabilities discussed in Note 8 — SAFE Agreements.

	December 31, 2022
Balance, beginning December 31, 2021	$	13,973
Additions		4,250
Change in fair value		91
Balance December 31, 2022	$	18,314

Mezzanine Equity and Equity (Details) - $ / shares	1 Months Ended	6 Months Ended
Mezzanine Equity and Equity (Details) - $ / shares	Sep. 16, 2022	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	May 25, 2021
Mezzanine Equity and Equity (Details) [Line Items]
Common stock, outstanding			122,505,500	122,500,000
Earn-out units issued		10,000,000
Preferred stock dividend rate	10.00%
Intuitive Machines, LLC [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Subsidiary, Ownership Percentage, Noncontrolling Owner		81.50%
Intuitive Machines LLC Prior Investors [Member] \| Intuitive Machines, LLC [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Subsidiary, Ownership Percentage, Noncontrolling Owner		81.50%
Class A Common Stock [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Common stock, outstanding		16,051,489
Common stock, issued	100,000	5,493,182			100,000
Stock issued conversion of SAFE agreement		2,066,667
Number of votes for each share		one
Class B Common Stock [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Common stock, outstanding		10,566
Common stock, issued		10,566
Number of votes for each share		one
Class C Common Stock [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Common stock, outstanding		70,640,188
Common stock, issued		68,140,188
Number of votes for each share		three
Series A Preferred Stock [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Preferred stock issued		26,000
Preferred stock dividend rate		10.00%
Preferred stock conversion price, per share (in Dollars per share)		$ 12
Sponsor [Member] \| Class A Common Stock [Member]
Mezzanine Equity and Equity (Details) [Line Items]
Common stock, outstanding		8,243,750

Subsequent Events

12 Months Ended

Dec. 31, 2022

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 17 — SUBSEQUENT EVENTS

Management has evaluated subsequent events occurring after the date of the financial statements but before the financial statements were issued on March 30, 2023 to determine if there were any such events or transactions that require potential adjustment to or disclosure in the consolidated financial statements. The Company has concluded that all such events that would require adjustment or disclosure have been recognized or disclosed.

Business Combination with Inflection Point Acquisition Corp.

On February 13, 2023 (the “Closing Date”), Intuitive Machines, Inc. (formerly Inflection Point Acquisition Corp. or “IPAX”) and the Company consummated the previously announced transactions contemplated by that certain Business Combination Agreement (the “Business Combination”), whereby the Company issued certain equity securities to Intuitive Machines, Inc. and appointed Intuitive Machines, Inc. as its managing member in exchange for voting equity securities of Intuitive Machines, Inc. (without economic rights) issued or to be issued to the Company’s existing members prior to the Closing Date. In addition, Intuitive Machines, Inc. contributed approximately $34.1 million in available closing cash to the Company after redemptions of shares by shareholders of IPAX prior to the Closing Date. As a result of the transaction, substantially all of the assets and business of the combined entities are held by the Company. The Business Combination was accounted for as a common control transaction with respect to the Company which is akin to a reverse capitalization, with no goodwill or other intangible assets recorded. Under this method of accounting, IPAX was treated as the “accounting acquiree” and the Company as the “accounting acquirer” for financial reporting purposes. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of the Company issuing shares for the net assets IPAX, followed by a recapitalization.

Subsequent Events (Details) $ in Millions	Feb. 13, 2023 USD ($)
Forecast [Member]
Subsequent Events (Details) [Line Items]
Closing cash	$ 34.1

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

Income Taxes (Details) - Schedule of income tax provision - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal
State					(16,000)	2,000
Total current					(16,000)	2,000
Deferred:
Federal
State	$ (3.5)	$ (400,000)	$ (300,000)	$ (400,000)	(7,000)
Total deferred					(7,000)
Total income tax provision					$ (23,000)	$ 2,000

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	$ 44,293	$ 24,098	$ 7,972
Less: accumulated depreciation and amortization	(3,532)	(2,922)	(2,123)
Property and equipment, net	40,761	21,176	5,849
Leasehold improvements [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	1,544	1,544	1,527
Vehicles and trailers [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	129	129	129
Computers and software [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	2,044	1,673	1,306
Furniture and fixtures [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	794	794	766
Machinery and equipment [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	2,392	2,211	1,962
Construction in progress [Member]
Schedule of Property and Equipment, Net [Abstract]
Property and equipment, gross	$ 37,390	$ 17,747	$ 2,282

Fair Value Measurements (Details) - Schedule of Fair Value of Assets and Liabilities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Liabilities
Frequency of Measurement	Recurring	Recurring
SAFE Agreement liabilities	$ 18,314	$ 13,973
Total liabilities measured at fair value	18,314	13,973
Level 1 [Member]
Liabilities
SAFE Agreement liabilities
Total liabilities measured at fair value
Level 2 [Member]
Liabilities
SAFE Agreement liabilities
Total liabilities measured at fair value
Level 3 [Member]
Liabilities
SAFE Agreement liabilities	18,314	13,973
Total liabilities measured at fair value	$ 18,314	$ 13,973

Debt (Details) - USD ($) $ in Thousands												1 Months Ended		12 Months Ended
Debt (Details) - USD ($) $ in Thousands	Jul. 14, 2024	Nov. 14, 2023	Aug. 15, 2023	Jul. 14, 2023	Jul. 14, 2022	Dec. 03, 2021	Apr. 04, 2021	Dec. 08, 2020	Dec. 08, 2020	Apr. 07, 2020	Dec. 12, 2019	Aug. 24, 2021	Apr. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Dec. 12, 2020
Debt (Details) [Line Items]
Short-term debt interest rate														6.55%		9.87%
Weighted-average interest rate														6.55%	5.25%
Credit mobilization facility									$ 1,000		$ 12,000		$ 12,000	$ 20,000	$ 12,000
Outstanding loans									$ 400		$ 1,000
Line of credit rate								6.00%	6.00%		6.00%
Line of credit variable rate									2.00%
Credit facility line of credit, description					we entered into the Second Amended and Restated Loan Agreement with Live Oak Banking Company which provided an $8.0 million mobilization credit facility with a loan maturity of July 14, 2024 and extended the maturity date of our existing $12.0 million mobilization credit facility to November 14, 2023. The $8.0 million mobilization credit facility requires early payment of principal upon the completion of certain mission milestones. If the milestones are completed, principal payments of $4.1 million and $3.9 million would be due prior to loan maturity in 2023 and 2024, respectively. The $12.0 million mobilization credit facility requires principal payments of $8.0 million on August 15, 2023 and $4.0 million on November 14, 2023. The mobilization credit facilities bear interest (payable monthly) at a rate per annum equal to the greater of (a) the prime rate, as published in the Wall Street Journal newspaper, plus 2% and (b) 5%. The mobilization credit facilities require the Company to meet certain financial and other covenants and are secured by substantially all of the assets of the Company.
Outstanding loans															$ 100
Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Basis spread on variable rate								6.00%
Paycheck Protection Program [Member]
Debt (Details) [Line Items]
Loan proceeds							$ 1,800			$ 1,800
First Insurance Funding [Member]
Debt (Details) [Line Items]
Line of credit rate														5.90%
Loan proceeds						$ 100						$ 100
Secured Debt [Member] \| Line of Credit [Member] \| Live Oak Loan Agreement [Member] \| Maximum [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity											$ 12,000
Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity					$ 12,000								$ 12,000
Long-term debt														$ 20,000		$ 20,000
Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Live Oak Loan Agreement [Member] \| Maximum [Member]
Debt (Details) [Line Items]
Debt instrument, interest rate																5.00%
Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Live Oak Loan Agreement [Member] \| Minimum [Member]
Debt (Details) [Line Items]
Debt instrument, interest rate																2.00%
Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Forecast [Member] \| Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Principal payment	$ 3,900	$ 4,000	$ 8,000	$ 4,100
Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Debt instrument, interest rate											6.00%
Live Oak Loan Agreement [Member] \| Prime Rate [Member]
Debt (Details) [Line Items]
Basis spread on variable rate								2.00%
Live Oak Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Minimum [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity											$ 1,000
Live Oak Loan Agreement [Member] \| Revolving Credit Facility [Member] \| Line of Credit [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity								$ 1,000	$ 1,000								$ 400
Facility One [Member] \| Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity					8,000
Facility One [Member] \| Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Forecast [Member] \| Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity		$ 12,000
Facility Two [Member] \| Restated Loan Agreement [Member] \| Secured Debt [Member] \| Line of Credit [Member] \| Live Oak Loan Agreement [Member]
Debt (Details) [Line Items]
Line of credit facility, maximum borrowing capacity					$ 8,000

Share-Based Compensation (Details) - Schedule of RSU Activity - RSU [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation (Details) - Schedule of RSU Activity [Line Items]
Number of Units, Beginning \| shares
Weighted Average Grant Date Fair Value, Beginning \| $ / shares
Number of Units, Granted \| shares	1,595,690
Weighted Average Grant Date Fair Value, Granted \| $ / shares	$ 7.6
Number of Units, Vested \| shares
Weighted Average Grant Date Fair Value, Vested \| $ / shares
Number of Units, Forfeited \| shares	(1,901)
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	$ 7.56
Number of Units, Ending \| shares	1,593,789
Weighted Average Grant Date Fair Value, Ending \| $ / shares	$ 7.6

Fair Value Measurements (Details) - Schedule of Roll-Forward of the Company’s Level 3 Liabilities $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Earn-out liabilities [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, December 31, 2022
Additions	99,659
Change in fair value	(25,030)
Converted to equity	(19,375)
Balance, March 31, 2023	55,254
SAFE Agreement liabilities [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, December 31, 2022	18,314
Additions
Change in fair value	2,353
Converted to equity	(20,667)
Balance, March 31, 2023

Summary of Significant Accounting Policies (Details)			1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
Summary of Significant Accounting Policies (Details)	Feb. 13, 2023 USD ($)	Sep. 16, 2022 USD ($)	May 31, 2023 USD ($) shares	Feb. 13, 2023 shares	Sep. 16, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Feb. 14, 2023 $ / shares	May 25, 2021
Summary of Significant Accounting Policies (Details) [Line Items]
Number of operating segment								1
Number of reportable segment								1
Federal deposit insurance corporation insurance limits (in Dollars)						$ 250,000		$ 250,000
Revenue percentage						10.00%		10.00%		10.00%
Cash and cash equivalents (in Dollars)						$ 39,100,000		$ 39,100,000
Working capital deficit (in Dollars)						58,100,000		58,100,000
Proceeds from acquisition of business (in Dollars)	$ 34,100,000
Common stock amount (in Dollars)		$ 50,000,000
Cash (in Dollars)						12,700,000		12,700,000
Amount of forward purchase agreement termination (in Dollars)								16,100,000
Prepaid expenses (in Dollars)										$ 5,300,000
Additional paid in capital (in Dollars)								24,400,000
Transaction costs (in Dollars)								9,400
Remaining earn out units fair value (in Dollars)						55,254,000		55,254,000
Recognized change in fair value (in Dollars)						$ (28,756,000)		$ (25,030,000)
Common stock, issued (in Shares) \| shares										122,505,500	122,500,000
TaxReceivableAgreementPercentOfCashTaxSavingsRequiredToBePaid						85.00%		85.00%
Common stock, par value (in Dollars per share) \| $ / shares										$ 0.00001	$ 0.00001
Description of unit split													in accordance with the amended and restated limited liability company agreement of IM, Class A Unit Interests increased by a multiple of one hundred thousand (100,000) or 1 to 100,000 unit (the “Unit Split”). The Class A members and their respective unit interests uniformly increased. Unless otherwise indicated, all share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the Unit Split.
Annual goods percentage										10.00%
Accounts payable balance percentage										21.00%
Cash and cash equivalents (in Dollars)										$ 25,800,000
Working capital deficit (in Dollars)										53,500,000
Gross proceeds (in Dollars)										34,100,000
Counterparty purchase amount (in Dollars)										50,000,000
Income tax benefit (in Dollars)						$ (3,528,000)	$ 354,000	$ (313,000)	$ 355,000	$ (23,000)	$ 2,000
Vesting term										5 years
Intuitive Machines, LLC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Remaining earn out units fair value (in Dollars)						$ 99,700,000		$ 99,700,000
Common stock, issued (in Shares) \| shares						68,150,754		68,150,754
Noncontrolling interest, ownership percentage by parent						18.80%		18.80%
Remaining interest rate						81.50%		81.50%
Intuitive Machines LLC Prior Investors [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Remaining interest rate						81.20%		81.20%
Intuitive Machines, Inc [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Noncontrolling interest, ownership percentage by parent						18.50%		18.50%
Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenue percentage						55.00%		55.00%
Accounts payable balance percentage											17.00%
Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenue percentage						50.00%		50.00%
Accounts payable balance percentage											13.00%
U.S. Federal [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Income tax benefit (in Dollars)										$ 23,000
Income tax expense (in Dollars)										$ 2,000
Stock Purchase Agreement [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Common stock amount (in Dollars)	$ 50,000,000
Class C Common Stock [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Issuance of stock shares (in Shares) \| shares			2,500,000	68,140,188
Fair value (in Dollars)			$ 19,400,000
Common stock, issued (in Shares) \| shares						70,640,188		70,640,188
Common stock, par value (in Dollars per share) \| $ / shares						$ 0.0001		$ 0.0001
Class A Common Stock [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Common stock amount (in Dollars)					$ 50,000,000
Common stock, issued (in Shares) \| shares						17,301,489		17,301,489
Common stock, par value (in Dollars per share) \| $ / shares						$ 0.0001		$ 0.0001				$ 0.0001
Class B Common Stock [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Issuance of stock shares (in Shares) \| shares				10,566
Common stock, issued (in Shares) \| shares						10,566		10,566
Common stock, par value (in Dollars per share) \| $ / shares						$ 0.0001		$ 0.0001
Customer One [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								74.00%
Total revenue percentage										83.00%	83.00%
Customer One [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage							67.00%
Customer One [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								30.00%
Customer Two [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								5.00%
Total revenue percentage										35.00%	40.00%
Customer Two [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage										14.00%	30.00%
Customer Two [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage							70.00%
Customer Two [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								18.00%		35.00%
Customer Three [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								14.00%		14.00%
Customer Four [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								13.00%
Customer Five [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								12.00%
One major supplier [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total goods and services purchased										63.00%	42.00%
Major suppliers [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								10.00%
Supplier One [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage						5.00%	68.00%	34.00%	84.00%
Supplier One [Member] \| Accounts Payable Benchmark [Member] \| Supplier Concentration Risk [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration risk, percentage								7.00%		21.00%
Space Network Solutions, LLC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Income tax expense (in Dollars)										$ 0	$ 0
Earn-Out Liabilities [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Recognized change in fair value (in Dollars)								$ 25,000,000

Leases (Details) - Schedule of Supplemental Cash Flow Information Related to Operating Leases - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Supplemental Cash Flow Information Related To Operating Leases Abstract
Cash flow from operating activities	$ 485	$ 361
Weighted average lease term (months)	157 years	49 years	20 years
Weighted average discount rate	5.60%	5.90%	5.70%	6.00%

Share-Based Compensation

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Share-Based Compensation [Abstract]

SHARE-BASED COMPENSATION

NOTE 11 — SHARE-BASED COMPENSATION

2021 Unit Option Plan

On May 25, 2021, the Intuitive Machines, LLC’s board of directors adopted, and its members approved the 2021 Unit Option Plan (the “2021 Plan”). The 2021 Plan allowed the Intuitive Machines, LLC to grant incentive unit options (“Incentive Unit Options”) to purchase Class B unit interests. Pursuant to the 2021 Plan, up to 6,125,000 shares of Class B units were reserved for issuance, upon exercise of the aforementioned Incentive Unit Options made to employees, directors and consultants.

As a result of the Business Combination discussed in Note 3 - Business Combination and Related Transactions and per the terms of the Second Amended and Restated Intuitive Machines, LLC Operating Agreement, the unexpired and unexercised outstanding Incentive Unit Options at closing, whether vested or unvested, were proportionately adjusted using a conversion ratio of 0.5562 (rounded down to the nearest whole number of options). The exercise price of each option was adjusted accordingly. Each Incentive Unit Option continues to be subject to the terms and conditions of the 2021 Plan and will be exercisable for Class B Common Units of Intuitive Machines, LLC. When an option is exercised, the participant will receive Intuitive Machines, Inc. Class A Common Stock. As a result of the conversions, there was no incremental compensation cost and the terms of the outstanding options, including fair value, vesting conditions and classification, were unchanged.

As of June 30, 2023, Intuitive Machines, LLC was authorized to issue a total of 1,823,217 Class B Common Units upon exercise of the Incentive Unit Options under the 2021 Plan. The following table provides a summary of the option activity under the 2021 Plan for the six months ended June 30, 2023:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)
Outstanding as of December 31, 2022	1,865,094		$	2.93	8.90
Granted	—			—
Exercised	(25,166	)		1.80
Forfeited	(16,711	)		1.80
Balance as of June 30, 2023	1,823,217		$	2.95	8.16	$	9,694,403
Exercisable as of June 30, 2023	877,510		$	1.85	7.97	$	3,563,467

Aggregate intrinsic value represents the difference between the exercise price of the options and the estimated fair value of the Company’s units determined by our Board of Directors for each of the respective periods.

The following table provides a summary of weighted-average grant-date fair value of unit options under the 2021 Plan:

	Weighted- Average Grant Date Fair Value
Non-vested as of December 31, 2022	$	1.01
Granted		—
Vested		0.30
Forfeited		0.26
Non-vested as of June 30, 2023	$	1.66

Share-based compensation expense related to options was $278 thousand and $485 thousand for the three and six months ended June 30, 2023, respectively, and $124 thousand and $240 thousand for the three and six months ended June 30, 2022, respectively, and was classified in the condensed consolidated statement of operations under

general and administrative expense. As of June 30, 2023, the Company had $1.2 million in estimated unrecognized share-based compensation costs related to outstanding unit options that is expected to be recognized over a weighted average period of 1.81 years.

Following the consummation of the Business Combination, no new awards will be granted under the 2021 Plan.

Intuitive Machines, Inc. 2023 Long Term Omnibus Incentive Plan (the “2023 Plan”)

The 2023 Plan, which became effective in conjunction with Closing of the Business Combination, provides for the award to certain directors, officers, employees, consultants and advisors of the Company of incentive and nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, other stock-based awards as well as cash-based awards and dividend equivalents, as determined, and subject to the terms and conditions established, by the Company’s Compensation Committee. Under the 2023 Plan, a maximum of 12,706,811 shares of Class A Common Stock are authorized to be issued. As of June 30, 2023, the Company has issued restricted stock units (“RSUs”) as outlined in the following disclosure. No other awards have been granted under the 2023 Plan.

Restricted Stock Units

The Company grants RSUs with time-based vesting requirements under the 2023 Plan. These RSUs typically vest over one to four years. The fair value of RSUs is based on the Company’s closing stock price on the date of grant.

The following table provides a summary of the Company’s RSU activity:

	Number of Units		Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2022	—		$	—
Granted	1,595,690			7.60
Vested	—			—
Forfeited	(1,901	)		7.56
Balance as of June 30, 2023	1,593,789		$	7.60

Share-based compensation expense related to RSUs was $707 thousand for three and six months ended June 30, 2023, and disclosed in the condensed consolidated statement of operations under general and administrative expense.

NOTE 10 — UNIT-BASED COMPENSATION

2021 Unit Option Plan

On May 25, 2021, the Company’s board of directors adopted, and its members approved the 2021 Unit Option Plan, or the 2021 Plan. The 2021 Plan allows the Company to grant Incentive Unit Options to purchase Class B Unit Interests. Pursuant to the plan, up to 6,125,000 shares of Class B units have been reserved for issuance, upon exercise of the aforementioned Incentive Unit Options made to employees, directors and consultants.

Unit Option Activity

The following table sets forth the summary of unit option activity under the 2022 Plan:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)
Outstanding as of December 31, 2021	3,043,000		$	1.00	6.4		(791,180	)
Granted	550,000			4.81	9.9		—
Exercised	(5,500	)		1.00	8.7		—
Forfeited/Cancelled	(234,500	)		1.00	8.7		—
Balance as of December 31, 2022	3,353,000		$	1.63	8.90	$	10,643,900
Exercisable as of December 31, 2022	1,195,550		$	1.00	8.71	$	4,543,090

The following table sets forth the summary of weighted-average grant-date fair value of unit options under the 2022 Plan:

	Weighted- Average Grant Date Fair Value
Non-vested as of December 31, 2021	$	0.30
Granted		3.07
Vested		0.30
Forfeited		0.30
Non-vested as of December 31, 2022	$	1.01

Unit-Based Compensation

Unit-based compensation expense was classified in the consolidated statement of operations under general and administrative expense. As of December 31, 2022, the Company had $1.6 million in estimated unrecognized unit-based compensation costs related to outstanding unit options that is expected to be recognized over a weighted average period of 1.90 years.

Valuation of Unit-Based Compensation Awards

The following weighted average assumptions were used to calculate the fair value of each unit option award under the Black-Scholes option pricing model:

	December 31,
	2022		2021
Expected unit price volatility	65 – 70	%	45.0	%
Risk-free interest rate	2.9 – 3.6	%	0.1	%
Expected annual dividend yield	—	%	—	%
Expected term (years)	6.50		1.04

Debt (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

The following table summarizes our outstanding debt (in thousands):

	June 30, 2023			December 31, 2022
Credit Mobilization Facility	$	20,000		$	20,000
Less: deferred financing costs		(25	)		(39	)
Less: current maturities		(19,975	)		(16,098	)
Long-term debt, net of current maturities	$	—		$	3,863

The following table summarizes our outstanding debt (in thousands):

	December 31, 2022			December 31, 2021
Credit Mobilization Facility	$	20,000		$	12,000
First Insurance Funding Loan		—			108
Principal amount of long-term debt		20,000			12,108
Less: deferred financing costs		(39	)		—
Less: current maturities		(16,098	)		(12,108	)
Long-term debt, net of current maturities		3,863			—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

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+ Details

Unit-Based Compensation (Details) - Schedule of Weighted-Average Grant-Date Fair Value - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Schedule of Weighted Average Grant Date Fair Value [Abstract]
Weighted - Average Grant Date Fair Value, Non-vested at Begining	$ 1.01	$ 0.3
Weighted - Average Grant Date Fair Value, Granted		3.07
Weighted - Average Grant Date Fair Value, Vested		0.3
Weighted - Average Grant Date Fair Value, Forfeited	1.8	0.3
Weighted - Average Grant Date Fair Value, Non-vested at Ending	$ 1.66	$ 1.01

Net Income Per Share (Details) - shares	3 Months Ended	6 Months Ended	12 Months Ended
Net Income Per Share (Details) - shares	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income Per Share (Details) [Line Items]
Weighted-average number of units outstanding			122,501,241	122,500,000
Warrant [Member]
Net Income Per Share (Details) [Line Items]
Antidilutive securities excluded from computation of earnings per share	22,500,000
Earn Out Units [Member]
Net Income Per Share (Details) [Line Items]
Antidilutive securities excluded from computation of earnings per share	7,500,000	7,500,000

Leases (Details) - Schedule of Future Undiscounted Cash Flows for Operating Leases - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, Maturity [Abstract]
Remainder of 2023	$ 376
2024	916	$ 858
2025	768	916
2026	706	768
2027	219	706
Thereafter	5,681
Total undiscounted lease payments	8,666	9,148
Less: imputed interest	3,159	3,345
Present value of lease liabilities	$ 5,507	$ 5,803

Net Income Per Share (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2022

Dec. 31, 2021

Numerator

Net loss for the period from February 13, 2023 through March 31, 2023

$ 18,777

$ 1,081

Less: Net loss attributable to redeemable noncontrolling interests for the period from February 13, 2023 through June 30, 2023

(10,744)

(19,080)

Net income for the period from February 13, 2023 through June 30, 2023 attributable to the Company

29,521

20,161

Less: Cumulative preferred dividends

(655)

(983)

Net income for the period from February 13, 2023 through June 30, 2023 attributable to Class A common shareholders

$ 28,866

$ 19,178

Denominator

Basic weighted-average shares of Class A common stock outstanding

15,705,265

15,543,800

122,501,241

122,500,000

RSUs and Options

1,457,129

1,505,845

Series A Preferred Stock

2,221,207

2,207,590

Warrants

4,934,618

Diluted weighted-average shares of Class A common stock outstanding

19,383,601

24,191,853

122,501,241

122,500,000

Net income per share of Class A common stock – basic

$ 1.84

^[1]

$ 1.23

^[1]

$ (0.05)

$ (0.29)

Net income per share of Class A common stock – diluted

$ 1.52

^[1]

$ 0.83

^[1]

$ (0.05)

$ (0.29)

[1]

Revenue (Details) - Schedule of Contract Assets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Contract Assets
Deferred contract costs	$ 4,125	$ 6,633
Unbilled receivables	582	346
Total	$ 4,707	$ 6,979

Net Income Per Share

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Earnings Per Share [Abstract]

NET INCOME PER SHARE

NOTE 13 — NET INCOME PER SHARE

Basic net income per share of Class A common stock is computed by dividing net income attributable to Class A common shareholders for the three months ended June 30, 2023 and the period from February 13, 2023, or the Closing Date, to June 30, 2023 by the weighted-average number of shares of Class A common stock outstanding for the same periods.

Diluted net income per share of Class A common stock includes additional weighted average common shares that would have been outstanding if potential common shares with a dilutive effect had been issued using the if-converted method for the Series A Preferred Stock and the treasury method for our RSUs, options, and warrants. During loss periods, diluted net loss per share for all periods presented is the same as basic net loss per share as the inclusion of the potentially issuable shares would be anti-dilutive.

Prior to the Business Combination, the membership structure of Intuitive Machines, LLC included membership units. In conjunction with the closing of the Business Combination, the Company effectuated a recapitalization whereby all membership units were converted to common units of Intuitive Machines, LLC and Intuitive Machines, Inc. implemented a revised class structure including Class A common stock having one vote per share and economic rights, Class B common stock having one vote per share and no economic rights, and Class C Common Stock having three votes per share and no economic rights. Shares of the Company’s Class B and Class C common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. The Company has determined that the calculation of loss per unit for periods prior to the Business Combination would not be meaningful to the users of these condensed consolidated financial statements. Therefore, net loss per share information has not been presented for periods prior to the Business Combination on February 13, 2023. The basic and diluted net income per share for the three and six months ended June 30, 2023 represent only the period of February 13, 2023 to June 30, 2023.

	Three Months Ended June 30, 2023			Six Months Ended June 30, 2023
Numerator
Net income for the period from February 13, 2023 through June 30, 2023	$	18,777		$	1,081
Less: Net loss attributable to redeemable noncontrolling interests for the period from February 13, 2023 through June 30, 2023		(10,744	)		(19,080	)
Net income for the period from February 13, 2023 through June 30, 2023 attributable to the Company	$	29,521			20,161
Less: Cumulative preferred dividends		(655	)		(983	)
Net income for the period from February 13, 2023 through June 30, 2023 attributable to Class A common shareholders	$	28,866		$	19,178
Denominator
Basic weighted-average shares of Class A common stock outstanding		15,705,265			15,543,800
RSUs and Options		1,457,129			1,505,845
Series A Preferred Stock		2,221,207			2,207,590
Warrants		—			4,934,618
Diluted weighted-average shares of Class A common stock outstanding		19,383,601			24,191,853

Net income per share of Class A common stock – basic	$	1.84		$	1.23
Net income per share of Class A common stock – diluted	$	1.52		$	0.83

For the three months ended June 30, 2023, the diluted earnings per share calculation excluded the potential Class A common stock equivalent of 22.5 million related to warrants, as their effect would be anti-dilutive. For the three and six months ended June 30, 2023, the diluted earnings per share calculation excluded the potential Class A common stock equivalent of 7.5 million related to Earn Out Units because of unsatisfied contingent issuance conditions.

NOTE 12 — EARNINGS PER UNIT

Basic income (loss) per share is computed by dividing net income (loss) attributable to Class A Common Unit holders by the sum of the weighted-average number of units outstanding, representing 122,501,241 units and 122,500,000 for the years ended December 31, 2022 and 2021, respectively. For the years ended December 31, 2022 and 2021, there were no dilutive units outstanding.

As a result, the calculation of diluted income (loss) per unit was equal to the calculation of basic income (loss) per unit.

The following table presents net loss per unit and related information:

	Year Ended December 31,
	2022			2021
	(in thousands, except per unit data)
Basic and diluted:
Net loss	$	(6,405	)	$	(35,648	)
Weighted-average common shares outstanding		122,501,241			122,500,000
Basic and diluted net loss per unit	$	(0.05	)	$	(0.29	)

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information consists of the following (in thousands):

	Year Ended December 31,
	2022			2021
Supplemental cash flow information:
Cash paid for interest, net	$	1,013		$	230
Cash paid for Texas margin tax	$	—		$	—
Accrued capital expenditures	$	(38	)	$	—

Accounting Policies, by Policy (Policies)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

Basis of Presentation and Principles of Consolidation

Basis of Presentation and Consolidation

Emerging Growth Company

Use of Estimates

Segment Reporting

Concentration of Credit Risks

Liquidity and Capital Resources

Cash and Cash Equivalents

The Company considers cash, time deposits and other highly liquid investments purchased with an initial maturity of three months or less to be cash equivalents.

Cash and Cash Equivalents

The Company considers cash, time deposits and other highly liquid investments purchased with an initial maturity of three months or less to be cash equivalents.

Restricted Cash

Transaction Costs

Accounts Receivable and Allowance for Credit Losses

Prepayments and Other Current Assets

Prepaid and other current assets primarily consist of prepaid service fees, security deposits and other general prepayments.

Prepayments and Other Current Assets

Prepaid and other current assets primarily consist of prepaid service fees, security deposits and other general prepayments.

Property and Equipment, Net

Property and equipment, net are stated at cost, less accumulated depreciation. Property and equipment which are not in service are classified as construction-in-process.

Depreciation is computed using the straight-line method over the following estimated useful lives of assets:

Asset		Useful Life
Leasehold improvements		1 – 7 years
Vehicles and trailers		3 – 5 years
Computers and software		3 years
Furniture and fixtures		5 years
Machinery and equipment		3 – 7 years

Property and Equipment, Net

Property and equipment, net are stated at cost, less accumulated depreciation. Property and equipment which are not in service are classified as construction-in-process.

Depreciation is computed using the straight-line method over the following estimated useful lives of assets:

Asset		Useful Life
Leasehold improvements		1 – 7 years
Vehicles and trailers		3 – 5 years
Computers and software		3 years
Furniture and fixtures		5 years
Machinery and equipment		3 – 7 years

Long-Lived Assets

Earn-Out Liabilities

Operating Lease Liabilities and Right-of-Use Assets

Fair Value Measurements

• Level 1: Quoted prices for identical instruments in active markets.

• Level 3: Significant inputs to the valuation model are unobservable.

Fair Value Measurements

(1) Level 1: Quoted prices for identical instruments in active markets.

(3) Level 3: Significant inputs to the valuation model are unobservable.

Redeemable Noncontrolling Interests

General and Administrative Expense

Revenue Recognition

Contract Combination

Contract Types

Contract Costs

Variable Consideration

Contract Estimates and Modifications

Unbilled Receivables and Deferred Revenue

Revenue Recognition

Contract Combination

Contract Types

Contract Costs

Variable Consideration

Contract Estimates and Modifications

Unbilled Receivables and Deferred Revenue

Income Taxes

Intuitive Machines

Income Taxes

Intuitive Machines

Intuitive Aviation

Space Network Solutions

The Company follows the guidance of ASC Topic 740, Income Taxes. Interest and penalties associated with tax positions are recorded in the period assessed as general and administrative expenses. The open tax years for Intuitive Machines’ and Intuitive Aviation’s tax returns include 2019 through 2021 for state and federal reporting purposes.

Tax Receivable Agreement

See Note 3 — Business Combination and Related Transactions for further description of the TRA.

Earnings (Loss) Per Share (“EPS”)

Share-Based Compensation

We recognize all share-based awards to employees and directors as share-based compensation expense based upon their fair values on the date of grant.

Other Current Liabilities

As of June 30, 2023 and December 31, 2022, other current liabilities consisted of the following (in thousands):

	June 30, 2023		December 31, 2022
Financing obligation, current (see Note 6 – Leases)	$	23,971	$	9,117
Payroll accruals		4,091		2,117

Professional fees accruals		1,491		3,677
Other accrued liabilities		581		267
Other current liabilities	$	30,134	$	15,178

Unit Split

Certain Significant Risks and Uncertainties

Operating Lease Liabilities and Right-of-Use Assets

We determine whether a contract is or contains a lease when we have the right to control the use of the identified asset in exchange for consideration. Lease liabilities and right-of-use assets (“ROU assets”) are recognized at the commencement date based on the present value of lease payments over the lease term. We use our incremental borrowing rate in the calculation of present value unless the implicit rate can be readily determined, however, the lease liability associated with leases calculated using implicit rates is not significant. Certain leases include provisions for the renewal or termination. We only consider fixed payments and those options that are reasonably certain to be exercised in the determination of the lease term and the initial measurement of lease liabilities and ROU assets. Expense for operating lease payments is recognized as lease expense on a straight-line basis over the lease term. We do not separate lease and non-lease components of a contract. Operating lease ROU assets are presented within Operating lease right-of-use assets on our consolidated balance sheet. See Note 5 — Leases for further disclosures and information on leases.

Unit-Based Compensation

We recognize all unit-based awards to employees and directors as unit-based compensation expense based upon their fair values on the date of grant.

Accounting Principles Recently Adopted

Income Taxes

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Income Taxes [Abstract]

INCOME TAXES

NOTE 8 — INCOME TAXES

For the three and six months ended June 30, 2023, we recognized a combined U.S. federal and state benefit for income taxes of $3.5 million and $0.3 million, respectively. For the three and six months ended June 30, 2022, we recognized a combined U.S. federal and state expense for income taxes of $0.4 million and $0.4 million, respectively. The effective combined United States federal and state income tax rates were (23.1%) and 6.3% for the three and six months ended June 30, 2023, respectively, and (16.1%) and (5.4%) for the three and six months ended June 30, 2022. For three and six months ended June 30, 2023, our effective tax rate differed from the statutory rate of 21% primarily due to deferred taxes for which no benefit is being recorded and losses attributable to noncontrolling interest unitholders that are taxable on their respective share of taxable income. For the three and six months ended June 30, 2022, our effective tax rate differed from the statutory rate primarily due to Intuitive Machines, LLC’s status as a partnership for U.S. federal income tax purposes.

For the six months ended June 30, 2023, the Company has an uncertain tax position related to its use of an impermissible method in deducting certain launch related costs. The Company filed Form 3115, Application for Change in Accounting Method, with the Internal Revenue Service (“IRS”) to request permission to change from its impermissible method of accounting to a permissible method of accounting for the launch costs. The requested change is nonautomatic and as such requires advance consent from the IRS. As of June 30, 2023, the Company has not received affirmative written consent from the IRS.

NOTE 7 — INCOME TAXES

The Company is treated as a partnership for tax purposes and therefore not subject to U.S. federal income tax. The Company is subject to Texas Margins Tax. The Company also has a corporate subsidiary, Intuitive Aviation, Inc., that is subject to U.S. federal and state income taxes.

Beginning in 2022, the Tax Cuts and Jobs Act of 2017 (“TCJA”) eliminates the option to deduct research and development expenditures currently and requires taxpayers to capitalize and amortize them. Research and development expenses must be amortized over five years for research performed in the U.S. and 15 years for research performed outside the U.S. Although Congress is considering legislation that would defer the amortization requirement to later years, it is not certain that the provision will be repealed or otherwise modified. The legislation did not have an impact on the tax provision currently because of the Company’s status as a non-taxable entity; however, the Company will monitor this legislation.

On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was enacted into law. The IRA contains significant tax law changes, including a corporate alternative minimum tax (“CAMT”) of 15% on adjusted financial statement income for applicable corporations, and a 1% excise tax on stock repurchases after December 31, 2022. The IRA also extends certain federal tax credits and creates new tax credits to promote sustainability initiatives. The IRA did not have a material impact on our consolidated financial statements.

In July 2020, the U.S. Treasury Department released final and proposed regulations on IRC Section 163(j) which limits business interest expense deductions. These regulations apply to tax years beginning January 1, 2021. However, taxpayers may choose to apply these regulations to tax years beginning after December 31, 2017. The Company adopted the final regulations for the year ended December 31, 2021. This did not result in any material impact to the provision.

The Company’s consolidated income tax provision consisted of the following components (in thousands):

	Year Ended December 31,
	2022			2021
Current:
Federal	$	—		$	—
State		(16	)		2
	$	(16	)	$	2
Deferred:
Federal		—			—
State		(7	)		—
	$	(7	)		—
Total income tax provision	$	(23	)	$	2

The reconciliation of the income tax provision computed at the Company’s effective tax rate is as follows (in thousands except for rates):

Years Ended December 31,	2022			2021
Loss before income taxes	$	(6,428	)	$	(35,646	)
Statutory income tax rates		21	%		21	%
Expected income tax benefit	$	(1,349	)	$	(7,486	)
Nontaxable entity	$	1,348		$	7,486
State income tax expense	$	(23	)	$	2
Change in valuation allowance	$	1		$	—
Total income tax expense	$	(23	)	$	2

The Company’s effective tax rates for the years ended December 31, 2022 and 2021 were (0.36)% and 0.01%, respectively. The difference between the Company’s effective tax rate for the period ended December 31, 2022, and the U.S. statutory tax rate of 21% was primarily due to non-taxable income/(loss) passed through and taxable to our partners, a full valuation allowance recorded on the Company’s net US deferred tax assets of Intuitive Aviation, and state taxes.

Significant components of the Company’s deferred tax assets and liabilities related to Intuitive Aviation are as follows (in thousands):

	December 31,
	2022			2021
Deferred tax assets:
Net operating loss	$	165		$	164
Property and equipment		11			11
Inventory		148			148
Deferred revenue		12			—
Total deferred tax assets	$	336		$	323
Valuation allowance		(324	)		(323	)
Net deferred tax assets	$	12		$	—

Deferred tax liabilities:
481(a) deferred revenue		(5	)		—
Total deferred tax liabilities	$	(5	)	$	—
Net deferred tax asset (liability)	$	7			—

As of December 31, 2022, Intuitive Aviation had approximately $787 thousand of federal net operating loss carryforwards (“NOL carryforwards”), which do not have an expiration date. The Company’s deferred tax assets, including these NOL carryforwards have been reduced by a valuation allowance due to a determination made that it is more likely than not that some or all of the deferred assets will not be realized based on the weight of all available evidence. The Company continues to closely monitor and weigh all available evidence, including both positive and negative, in making its determination whether to maintain a valuation allowance. As a result of the significant negative weight placed on the Intuitive Aviation’s cumulative negative earnings position, the Company continued to maintain a valuation allowance against its remaining net deferred tax asset at December 31, 2022 and December 31, 2021.

The Company files income tax returns in the U.S., including federal and various state filings. The number of years that are open under the statute of limitations and subject to audit varies depending on the tax jurisdiction. We remain subject to U.S. federal tax examinations for years after 2018.

For the periods ending December 31, 2022, and 2021, the Company has no reserves for uncertain tax positions. The Company has elected to record interest and penalties associated with uncertain tax positions as general and administrative expenses.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Leases (Details) - Schedule of Estimated Future Undiscounted Cash Flows for Operating Leases - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Estimated Future Undiscounted Cash Flows for Operating Leases [Abstract]
2023	$ 916	$ 858
2024	768	916
2025	706	768
2026	219	706
2027		219
Thereafter		5,681
Total undiscounted lease payments	8,666	9,148
Less: imputed interest	3,159	3,345
Present value of lease liabilities	$ 5,507	$ 5,803

Share-Based Compensation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Share-Based Compensation [Abstract]

Schedule of Summary of the Option Activity

The following table provides a summary of the option activity under the 2021 Plan for the six months ended June 30, 2023:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)
Outstanding as of December 31, 2022	1,865,094		$	2.93	8.90
Granted	—			—
Exercised	(25,166	)		1.80
Forfeited	(16,711	)		1.80
Balance as of June 30, 2023	1,823,217		$	2.95	8.16	$	9,694,403
Exercisable as of June 30, 2023	877,510		$	1.85	7.97	$	3,563,467

The following table sets forth the summary of unit option activity under the 2022 Plan:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)
Outstanding as of December 31, 2021	3,043,000		$	1.00	6.4		(791,180	)
Granted	550,000			4.81	9.9		—
Exercised	(5,500	)		1.00	8.7		—
Forfeited/Cancelled	(234,500	)		1.00	8.7		—
Balance as of December 31, 2022	3,353,000		$	1.63	8.90	$	10,643,900
Exercisable as of December 31, 2022	1,195,550		$	1.00	8.71	$	4,543,090

Schedule of Weighted-Average Grant-Date Fair Value of Unit Options

The following table provides a summary of weighted-average grant-date fair value of unit options under the 2021 Plan:

	Weighted- Average Grant Date Fair Value
Non-vested as of December 31, 2022	$	1.01
Granted		—
Vested		0.30
Forfeited		0.26
Non-vested as of June 30, 2023	$	1.66

Schedule of RSU Activity

The following table provides a summary of the Company’s RSU activity:

	Number of Units		Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2022	—		$	—
Granted	1,595,690			7.60
Vested	—			—
Forfeited	(1,901	)		7.56
Balance as of June 30, 2023	1,593,789		$	7.60

Schedule of Weighted-Average Grant-Date Fair Value

The following table sets forth the summary of weighted-average grant-date fair value of unit options under the 2022 Plan:

	Weighted- Average Grant Date Fair Value
Non-vested as of December 31, 2021	$	0.30
Granted		3.07
Vested		0.30
Forfeited		0.30
Non-vested as of December 31, 2022	$	1.01

Schedule of Weighted Average Fair Value of Black-Scholes

The following weighted average assumptions were used to calculate the fair value of each unit option award under the Black-Scholes option pricing model:

	December 31,
	2022		2021
Expected unit price volatility	65 – 70	%	45.0	%
Risk-free interest rate	2.9 – 3.6	%	0.1	%
Expected annual dividend yield	—	%	—	%
Expected term (years)	6.50		1.04

Share-Based Compensation (Details) - Schedule of Weighted-Average Grant-Date Fair Value of Unit Options - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted - Average Grant Date Fair Value, Non-vested at Begining	$ 1.01	$ 0.3
Weighted - Average Grant Date Fair Value, Granted		4.81
Weighted - Average Grant Date Fair Value, Vested	0.3
Weighted - Average Grant Date Fair Value, Forfeited	0.26	1
Weighted - Average Grant Date Fair Value, Non-vested at Ending	$ 1.66	$ 1.01

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue (Details) - Schedule of Disaggregate our Revenue from Contracts - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue by Contract Type
Total	$ 17,993	$ 19,217	$ 36,229	$ 37,688
Total (percent)	100.00%	100.00%	100.00%	100.00%
Fixed Price [Member]
Revenue by Contract Type
Total	$ 15,949	$ 18,084	$ 32,544	$ 34,552
Total (percent)	89.00%	94.00%	90.00%	92.00%
Time and Materials [Member]
Revenue by Contract Type
Total	$ 2,044	$ 1,133	$ 3,685	$ 3,136
Total (percent)	11.00%	6.00%	10.00%	8.00%

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
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-Section S99
-Paragraph 1
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Safe Agreements (Details) - USD ($) $ in Millions	12 Months Ended
Safe Agreements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Safe Agreements (Details) [Line Items]
Proceeds from agreements	$ 4.3	$ 13.0
Safe agreements shares (in Shares)	122,505,500	122,505,500
Equity financing transaction percentage	90.00%
Series X Convertible Preferred Stock [Member]
Safe Agreements (Details) [Line Items]
Safe agreements shares (in Shares)		555,556
Aviation value		$ 1.5