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Steve Altemus

Chief Executive Officer, President & Co-Founder, Intuitive Machines, Inc.

Search every verified Steve Altemus interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Steve Altemus, CEO and co-founder of Intuitive Machines, discussed the company's recent financial results and strategic direction during earnings calls in 2025 and 2026. In the second quarter of 2026, he reported record quarterly bookings and revenue of $206 million, more than four times the prior year, with approximately $1.8 billion in backlog. He described the company's production capabilities, including satellite lines for proliferated low Earth orbit constellations and geosynchronous communications satellites, as well as lunar mission landers and orbital transfer vehicles. Altemus stated that the company had not yet provided formal guidance on free cash flow break-even, noting a near-term focus on achieving positive EBITDA. Altemus also addressed acquisitions and contract awards. He announced the agreement to acquire Lantara Space Systems (formerly Maxar Space Systems) for $800 million, describing the combined company as positioned to become a "next generation space prime." He discussed the integration of Lantara and Kinetics Aerospace, and noted the company's selection for the Andromeda IDIQ contract with the U.S. Space Force, a 10-year vehicle with an anticipated ceiling of $6.24 billion. Altemus expressed interest in competing for NASA's Lunar Terrain Vehicle Services contract and described the company's development of a near-space network for communications and navigation around the Moon. He also commented on the changing federal space environment, saying that uncertainty at NASA presented opportunities to expand into national security space and commercial service models.

Recent appearances

Verified interview transcripts

Notable quotes

“We put in a bid to NASA to build out the near space network services and so we won those awards to put in the data relay network around the moon and the navigation scheme for how you're going to navigate essentially the lunar GPS and then all the ground stations commercially provided to communicate full spectrum from the surface to data relay to the Earth.”

“We're flying fixed price to the moon for about $100 million in a span it takes to get an undergraduate degree about four years and you had to throw the rulebook out and figure out a way not to be held up by any obstacle technical regulatory whatever reason contractually you had to get to the moon somehow.”

“The moon is of strategic interest to the United States and therefore, the United States is spending money to return humans to the moon. And, you know, those programs are, like I said, under budgetary pressure and schedule pressure always. As NASA tries to do these complex things.”

“We were chartered with going to the moon fixed price for less than $100 million. Like that's a massive challenge. And we didn't quite make it at the $100 million mark. We spent a little bit more than that, maybe 10, 20% more. But what we did was we showed where the floor is. Well, how cheaply you can actually do it if you put your mind to it.”

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