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 accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements as of and for the years ended December 31, 2023 and 2022 contained in our Annual Report on Form 10-K, filed with the SEC on March 25, 2024. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. 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.

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 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.

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.

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 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 90% and 91%, respectively, of the Company’s total revenue for the three and nine months ended September 30, 2024, and accounted for 52% and 65%, respectively, of the Company’s total revenue for the three and nine months ended September 30, 2023. The largest customer’s accounts receivable balance was 91% and 80% as of September 30, 2024 and December 31, 2023, respectively.

Major suppliers are defined as those individually comprising more than 10% of the annual goods or services purchased. For the nine months ended September 30, 2024 and 2023, there was one major supplier that accounted for 14% and 23%, respectively, of the goods and services purchased, and no major supplier for the three months ended September 30, 2024 and 2023. As of September 30, 2024, there was one major supplier that accounted for 10% of the accounts payable balance and no major supplier as of December 31, 2023 with an accounts payable balance representing more than 10%.

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. For the three and nine months ended September 30, 2024, we recorded impairment charges of approximately $5.0 million within our condensed consolidated statements of operations associated with construction in progress of certain assets under development by a third party subcontractor that were not in compliance according to the specifications under contract. No impairment charges were recorded for the three and nine months ended September 30, 2023. See Note 4 for further discussion of our impairment loss on property and equipment.

During the third quarter of 2024, the Company commenced two new lease agreements. In September 2024, the Company entered into a building and land lease agreement in Maryland. This facility is intended to provide space for the designing, building, and testing of space-flight mechanisms and electro-mechanical systems for use in space or on the lunar surface. The lease agreement has an initial term of 10 years, 3 months. As of September 30, 2024, the Company recorded right-of-use assets of $3.1 million and operating lease liabilities of $3.1 million. Also, in August 2024, we entered into a facility lease agreement in Arizona to support operations and data analysis of NASA’s Lunar Reconnaissance Orbiter and ShadowCam cameras and imagery. The lease agreement has an initial term of 52 months. As of September 30, 2024, the Company recorded non-cash right-of-use assets of $1.2 million and non-cash operating lease liabilities of $1.2 million.

The unaudited condensed consolidated financial statements as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023, 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 September 30, 2024, the Company had cash and cash equivalents of $89.6 million and working capital of $73.0 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, our At The Market Offering program (the “ATM” Program) with Cantor (as described below), proceeds from warrant exercises, and proceeds from the issuance of bank debt. For the nine months ended September 30, 2024, the Company received approximately $161.4 million in gross proceeds from warrant exercises, sales of stock under our ATM program and other equity transactions, as further described in Notes 7 and 8.

In connection with the Business Combination as discussed in Notes 1 and 7, the Company entered into the Cantor Purchase Agreement, pursuant to which the Company may direct CFPI, at the Company’s discretion, to purchase up to the lesser of (i) $50.0 million of newly issued shares of Class A Common Stock and (ii) the “exchange cap” specified therein, subject to certain customary conditions and limitations set forth in the agreement. The Cantor Purchase Agreement contractually terminated on September 1, 2024. Additionally, in April 2024, the Company and Cantor entered into a Controlled Equity Offering Sales Agreement with Cantor acting as the Company’s exclusive sales agent for the sale of newly issued shares of Class A Common Stock for aggregate proceeds up to $100.0 million, as further described in Note 7 as the ATM Program. Pursuant to the ATM program, the Company raised approximately $97.5 million, net of $2.5 million in transaction fees, during the second and third quarters of 2024.

Management believes that the cash and cash equivalents as of September 30, 2024, 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.

Transaction costs consist of direct legal, consulting, audit and other fees related to the consummation of the Business Combination and related transactions as described further in Note 1. 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 nine months ended September 30, 2023. Approximately, $9.4 million in transaction costs were paid by Intuitive Machines, LLC during the nine months ended September 30, 2023. The remaining difference was paid by Intuitive Machines, LLC in 2022 or by IPAX prior to the closing of the Business Combination.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which focuses on the rate reconciliation and income taxes paid. ASU No. 2023-09 requires a public business entity to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. For public business entities, the new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. An entity may apply the amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31, 2025 and continue to provide the pre-ASU disclosures for the prior periods or may apply the amendments retrospectively by providing the revised disclosures for all period presented. The Company is assessing the potential impact of adopting the ASU on its financial statements.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a public entity to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually. It requires a public entity to disclose the title and position of the Chief Operating Decision Maker. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. A public entity should apply the amendments in this ASU retrospectively to all prior periods presented in the financial statements. The ASU will require additional disclosures within the footnotes to our consolidated financial statements.


	September 30, 2024		December 31, 2023
Payroll accruals	10,314		2,553
Income tax payable	59		20
Professional fees accruals	1,064		832
Commercial insurance financing	255		493
Commitment shares liability (see Note 7)	—		755
Other accrued liabilities	672		94
Other current liabilities	$	12,364	$	4,747

During the third quarter of 2024, we identified and corrected immaterial errors affecting previously issued financial statements related to historical estimated contract losses on certain lunar payload services contracts. These errors were due to the improper inclusion of constrained variable consideration in determining estimated contract losses from fiscal year 2020 through the second quarter of fiscal year 2024. Additionally, we corrected several other immaterial errors previously identified within the same reporting periods.

As of June 30, 2024, the cumulative error for all periods previously was an understatement of Net income attributable to the Company of approximately $5.1 million impacting Contract liabilities (current and non-current) and Accounts payable – affiliated companies in our consolidated balance sheets and Cost of revenues (excluding depreciation) and General and administrative expense (excluding depreciation) in our consolidated statements of operations. The errors had no impact to total operating cash flows in our previously reported cash flows. We assessed the materiality of the errors, both quantitatively and qualitatively, in accordance with the SEC’s SAB No. 99 and SAB No. 108, and concluded these errors were not material to any of our previously issued quarterly or annual financial statements. In order to correctly present the errors noted above, previously issued financial statements have been revised and are presented as “As Corrected” in the tables below.


	December 31, 2023
Revised Balance Sheet Amounts:	As Previously Reported		Adjustments		As Corrected
Accounts payable - affiliated companies	$	3,493	$	2,293	$	5,786
Contract liabilities, current	$	45,511	$	(4,140)	$	41,371
Total current liabilities	$	83,380	$	(1,847)	$	81,533

Total liabilities	$	139,327	$	(1,847)	$	137,480
Accumulated deficit	$	(250,466)	$	1,847	$	(248,619)
Total shareholders’ deficit	$	(263,282)	$	1,847	$	(261,435)


	September 30, 2023
Revised Balance Sheet Amounts:	As Previously Reported		Adjustments		As Corrected
Accounts payable - affiliated companies	$	1,060	$	1,853	$	2,913
Contract liabilities, current	$	49,679	$	(5,105)	$	44,574
Total current liabilities	$	100,907	$	(3,252)	$	97,655
Contract liabilities, non-current	$	566	$	(214)	$	352
Total liabilities	$	162,948	$	(3,466)	$	159,482
Accumulated deficit	$	(333,398)	$	3,466	$	(329,932)
Total shareholders’ deficit	$	(346,214)	$	3,466	$	(342,748)


	December 31, 2022
Revised Balance Sheet Amounts:	As Previously Reported		Adjustments		As Corrected
Accounts payable - affiliated companies	$	442	$	904	$	1,346
Contract liabilities, current	$	56,656	$	(10,015)	$	46,641
Total current liabilities	$	95,180	$	(9,111)	$	86,069
Contract liabilities, non-current	$	2,188	$	2,383	$	4,571
Total liabilities	$	124,623	$	(6,728)	$	117,895
Accumulated deficit	$	(72,587)	$	6,728	$	(65,859)
Total shareholders’ deficit	$	(57,619)	$	6,728	$	(50,891)


	Year Ended December 31, 2023
Revised Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected
Revenue	$	79,521	$	30	$	79,551
Cost of revenue (excluding depreciation)	$	97,523	$	3,521	$	101,044
Cost of revenue (excluding depreciation) - affiliated companies	$	2,949	$	—	$	2,949
General and administrative expense (excluding depreciation)	$	32,946	$	1,391	$	34,337
Total operating expenses	$	135,758	$	4,912	$	140,670
Operating loss	$	(56,237)	$	(4,882)	$	(61,119)
Income before income taxes	$	15,062	$	(4,882)	$	10,180

Net income	$	15,022	$	(4,882)	$	10,140
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	$	(5,751)	$	(730)	$	(6,481)
Net income (post Business Combination)	$	20,773	$	(4,152)	$	16,621
Net loss attributable to redeemable noncontrolling interest	$	(42,031)	$	(3,110)	$	(45,141)
Net income attributable to the Company	$	62,804	$	(1,042)	$	61,762
Net income attributable to Class A common shareholders	$	60,461	$	(1,042)	$	59,419

Net income per share:
Net income per share of Class A common stock - basic	$	3.43	$	(0.06)	$	3.37
Net income per share of Class A common stock - diluted	$	2.46	$	(0.04)	$	2.42


	Year Ended December 31, 2022
Revised Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected
Revenue	$	85,946	$	1,166	$	87,112
Cost of revenue (excluding depreciation)	$	75,513	$	1,475	$	76,988

General and administrative expense (excluding depreciation)	$	14,868	$	903	$	15,771
Total operating expenses	$	91,453	$	2,378	$	93,831
Operating loss	$	(5,507)	$	(1,212)	$	(6,719)
Loss before income taxes	$	(6,428)	$	(1,212)	$	(7,640)

Net loss	$	(6,405)	$	(1,212)	$	(7,617)
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	$	(6,405)	$	(1,212)	$	(7,617)


	Three Months Ended March 31, 2024
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected
Revenue	$	73,068	$	151	$	73,219
Cost of revenue (excluding depreciation)	$	51,552	$	(1,712)	$	49,840
Cost of revenue (excluding depreciation) - affiliated companies	$	9,359	$	—	$	9,359
General and administrative expense (excluding depreciation)	$	17,143	$	(762)	$	16,381
Total operating expenses	$	78,468	$	(2,474)	$	75,994
Operating loss	$	(5,400)	$	2,625	$	(2,775)
Loss before income taxes	$	(120,656)	$	2,625	$	(118,031)

Net loss	$	(120,656)	$	2,625	$	(118,031)

Net loss (post Business Combination)	$	(120,656)	$	2,625	$	(118,031)
Net loss attributable to redeemable noncontrolling interest	$	(23,291)	$	1,774	$	(21,517)

Net loss attributable to the Company	$	(98,337)	$	851	$	(97,486)
Net loss attributable to Class A common shareholders	$	(98,808)	$	851	$	(97,957)

Net loss per share:
Net loss per share of Class A common stock - basic and diluted	$	(2.70)	$	0.02	$	(2.68)


	Three Months Ended March 31, 2023
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected

Cost of revenue (excluding depreciation)	$	23,126	$	1,006	$	24,132

General and administrative expense (excluding depreciation)	$	8,777	$	487	$	9,264
Total operating expenses	$	32,199	$	1,493	$	33,692
Operating loss	$	(13,963)	$	(1,493)	$	(15,456)
Loss before income taxes	$	(20,232)	$	(1,493)	$	(21,725)

Net loss	$	(23,447)	$	(1,493)	$	(24,940)
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	$	(5,751)	$	(730)	$	(6,481)
Net loss (post Business Combination)	$	(17,696)	$	(763)	$	(18,459)
Net loss attributable to redeemable noncontrolling interest	$	(8,336)	$	(618)	$	(8,954)
Net loss attributable to the Company	$	(9,360)	$	(145)	$	(9,505)
Net loss attributable to Class A common shareholders	$	(9,688)	$	(145)	$	(9,833)

Net loss per share:
Net loss per share of Class A common stock - basic and diluted	$	(0.64)	$	(0.01)	$	(0.65)


	Three Months Ended June 30, 2024
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected
Revenue	$	41,408	$	233	$	41,641
Cost of revenue (excluding depreciation)	$	47,838	$	590	$	48,428
Cost of revenue (excluding depreciation) - affiliated companies	$	9,264	$	—	$	9,264
General and administrative expense (excluding depreciation)	$	12,057	$	(1,031)	$	11,026
Total operating expenses	$	69,582	$	(441)	$	69,141
Operating loss	$	(28,174)	$	674	$	(27,500)
Income before income taxes	$	15,981	$	674	$	16,655

Net income	$	15,981	$	674	$	16,655

Net income (post Business Combination)	$	15,981	$	674	$	16,655
Net loss attributable to redeemable noncontrolling interest	$	(3,088)	$	283	$	(2,805)

Net income attributable to the Company	$	18,280	$	391	$	18,671
Net income attributable to Class A common shareholders	$	18,143	$	391	$	18,534

Net income per share:
Net income per share of Class A common stock - basic	$	0.33	$	0.01	$	0.34
Net income per share of Class A common stock - diluted	$	0.29	$	0.01	$	0.30


	Three Months Ended June 30, 2023
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected

Cost of revenue (excluding depreciation)	$	22,481	$	582	$	23,063

General and administrative expense (excluding depreciation)	$	8,376	$	403	$	8,779
Total operating expenses	$	31,176	$	985	$	32,161
Operating loss	$	(13,183)	$	(985)	$	(14,168)
Income before income taxes	$	15,249	$	(985)	$	14,264

Net income	$	18,777	$	(985)	$	17,792

Net income (post Business Combination)	$	18,777	$	(985)	$	17,792
Net loss attributable to redeemable noncontrolling interest	$	(10,744)	$	(1,001)	$	(11,745)
Net income attributable to the Company	$	29,521	$	16	$	29,537
Net income attributable to Class A common shareholders	$	28,866	$	16	$	28,882

Net income per share:
Net income per share of Class A common stock - basic	$	1.84	$	—	$	1.84
Net income per share of Class A common stock - diluted	$	1.52	$	—	$	1.52


	Six Months Ended June 30, 2024
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected
Revenue	$	114,476	$	384	$	114,860
Cost of revenue (excluding depreciation)	$	99,390	$	(1,122)	$	98,268
Cost of revenue (excluding depreciation) - affiliated companies	$	18,623	$	—	$	18,623
General and administrative expense (excluding depreciation)	$	29,200	$	(1,793)	$	27,407
Total operating expenses	$	148,050	$	(2,915)	$	145,135
Operating loss	$	(33,574)	$	3,299	$	(30,275)
Loss before income taxes	$	(104,675)	$	3,299	$	(101,376)

Net loss	$	(104,675)	$	3,299	$	(101,376)

Net loss (post Business Combination)	$	(104,675)	$	3,299	$	(101,376)
Net loss attributable to redeemable noncontrolling interest	$	(26,379)	$	2,057	$	(24,322)

Net loss attributable to the Company	$	(80,057)	$	1,242	$	(78,815)
Net loss attributable to Class A common shareholders	$	(80,665)	$	1,242	$	(79,423)

Net loss per share:
Net loss per share of Class A common stock - basic and diluted	$	(1.76)	$	0.03	$	(1.73)


	Six Months Ended June 30, 2023
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected

Cost of revenue (excluding depreciation)	$	45,607	$	1,588	$	47,195

General and administrative expense (excluding depreciation)	$	17,153	$	890	$	18,043
Total operating expenses	$	63,375	$	2,478	$	65,853
Operating loss	$	(27,146)	$	(2,478)	$	(29,624)
Loss before income taxes	$	(4,983)	$	(2,478)	$	(7,461)

Net loss	$	(4,670)	$	(2,478)	$	(7,148)
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	$	(5,751)	$	(730)	$	(6,481)
Net income (loss) (post Business Combination)	$	1,081	$	(1,748)	$	(667)
Net loss attributable to redeemable noncontrolling interest	$	(19,080)	$	(1,619)	$	(20,699)
Net income attributable to the Company	$	20,161	$	(129)	$	20,032
Net income attributable to Class A common shareholders	$	19,178	$	(129)	$	19,049

Net income per share:
Net income per share of Class A common stock - basic	$	1.23	$	—	$	1.23
Net income per share of Class A common stock - diluted	$	0.83	$	—	$	0.83


	Three Months Ended September 30, 2023
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected

Cost of revenue (excluding depreciation)	$	25,768	$	725	$	26,493

General and administrative expense (excluding depreciation)	$	9,853	$	60	$	9,913
Total operating expenses	$	35,950	$	785	$	36,735
Operating loss	$	(23,219)	$	(785)	$	(24,004)
Income before income taxes	$	15,701	$	(785)	$	14,916

Net income	$	15,096	$	(785)	$	14,311

Net income (post Business Combination)	$	15,096	$	(785)	$	14,311
Net loss attributable to redeemable noncontrolling interest	$	(18,555)	$	(437)	$	(18,992)
Net income attributable to the Company	$	33,651	$	(348)	$	33,303
Net income attributable to Class A common shareholders	$	32,977	$	(348)	$	32,629

Net income per share:
Net income per share of Class A common stock - basic	$	1.89	$	(0.02)	$	1.87
Net income per share of Class A common stock - diluted	$	1.29	$	(0.02)	$	1.27


	Nine Months Ended September 30, 2023
Revised Condensed Consolidated Statement of Operations Amounts:	As Previously Reported		Adjustments		As Corrected

Cost of revenue (excluding depreciation)	$	71,375	$	2,313	$	73,688

General and administrative expense (excluding depreciation)	$	27,006	$	950	$	27,956
Total operating expenses	$	99,325	$	3,263	$	102,588
Operating loss	$	(50,365)	$	(3,263)	$	(53,628)
Income before income taxes	$	10,718	$	(3,263)	$	7,455

Net income	$	10,426	$	(3,263)	$	7,163
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	$	(5,751)	$	(730)	$	(6,481)
Net income (post Business Combination)	$	16,177	$	(2,533)	$	13,644
Net loss attributable to redeemable noncontrolling interest	$	(37,635)	$	(2,056)	$	(39,691)
Net income attributable to the Company	$	53,812	$	(477)	$	53,335
Net income attributable to Class A common shareholders	$	52,155	$	(477)	$	51,678

Net income per share:
Net income per share of Class A common stock - basic	$	3.20	$	(0.03)	$	3.17
Net income per share of Class A common stock - diluted	$	2.16	$	(0.02)	$	2.14