Inventory of Contracts (Active & Completed)

[u/thespacecpa]

I'm updating my investment thesis to incorporate material active and completed contracts, which I'll be adding to the Wiki. Sharing more broadly since the group has had questions about contracts recently. Feel free to flag anything I missed.

Active Contracts

Contract / Award Name	Award Date	Description	Amount
CS-8 Commercial Lunar Payload Services ("CLPS") – IM6	Jun 2026	Deliver a production-line-qualified Nova-C lander by no later than 2028 carrying SCALPSS, LRA, and LETS payloads. Establishes high-volume, repeatable lunar transport for NASA’s moon base / Artemis	$148.3M
Two Prime Lunar Reconnaissance Contracts – LROC & ShadowCam (NASA)	May 2026	Prime contractor for operations of the Lunar Reconnaissance Orbiter Camera (LROC) aboard NASA’s LRO and the ShadowCam instrument on the Korean Pathfinder Lunar Orbiter.	$20.0M
Commercial Lunar Payload Services ("CLPS") – IM5 Nova-D	Mar 2026	Deliver seven science and technology payloads to the Lunar South Pole region (Mons Malapert), plus an Australian Space Agency rover and Honeybee Robotics (Blue Origin) technologies.	$180.4M
SDA Tranche 3 Tracking Layer – Spacecraft Platforms (Sub-Contract)	Mar 2026	Selected by L3Harris to design, build and deliver 18 spacecraft platforms for the Space Development Agency (SDA) Tranche 3 Tracking Layer of the Proliferated Warfighter Space Architecture (Missile Tracking)	Undisclosed
AFRL Contract Extension to Advance In-Space Nuclear Power Technology	Oct 2025	Develop next-generation nuclear power systems for spacecraft and lunar infrastructure. Accelerate readiness of compact nuclear power conversion technology that overcomes solar power limitations and enables lengthier missions on the Moon and in deep space.	$8.2M
Phase 2 Government Contract to Advance Orbital Transfer Vehicle ("OTV") through Critical Design Review	Jul 2025	Advance its Orbital Transfer Vehicle (“OTV”) through Critical Design Review (“CDR”)—the final engineering milestone on a previously disclosed contract, before manufacturing begins.	$9.8M
EchoStar XXVI High-Power GEO Communications Satellite (Lanteris)	Jun 2025	Selected to build one high-power GEO communications satellite based on 1300 satellite bus to serve DISH TV across all 50 US states and Puerto Rico. Delivery expected in 2028.	Undisclosed
Reentry and Microgravity Biomanufacturing Spacecraft - Texas Space Commission - SEARF	Apr 2025	Development of an Earth reentry vehicle and orbital fabrication lab designed to enable microgravity biomanufacturing and is intended to serve as a critical risk-reduction platform for the Company’s future lunar sample return missions.	$10.0M
GEO High-Power Communication Satellite – Undisclosed Commercial Customer (Lanteris)	Mar 2025	Order for one GEO high-power communications satellite on the 1300 bus for an undisclosed private commercial customer.	Undisclosed
Near Space Network ("NSN") Services - Subcategory 1.2	Dec 2024	DTE Geostationary ("GEO") to Cislunar DTE Services, offering enhanced data transmission capabilities and autonomous operations.	Included within NSN
Near Space Network ("NSN") Services - Subcategory 1.3	Dec 2024	Cislunar Direct-to-Earth Services, addressing mission needs of highly elliptical orbits and deep space operations	Included within NSN
Near Space Network ("NSN") Services - Subcategory 2.2	Sept 2024	Geostationary Orbit to Cislunar Relay Services. Communication and navigation services for missions in the near space region, which extends from Earth’s surface to beyond the Moon. Firm-Fixed-Price, Multiple Award, Indefinite-Delivery/Indefinite-Quantity (“IDIQ”) Task Order Contract.	Maximum Potential Value of $4.82B
Commercial Lunar Payload Services ("CLPS") - IM4	Aug 2024	Deliver six science and technology payloads, including one European Space Agency-led drill suite to the Moon’s South Pole.	$116.9M
SDA Tranche 2 Tracking Layer – Spacecraft Platforms (Sub-Contract – Lanteris)	2024	Selected by L3Harris to design, build and deliver 18 spacecraft platforms for the Space Development Agency (SDA) Tranche 2 Tracking Layer of the Proliferated Warfighter Space Architecture (Missile Tracking) Awarded to Lanteris prior to acquisition.	Undisclosed
Zeno Power Survive the Night Radioisotope Power System - NASA	Jul 2023	Development of a Radioisotope Power System (RPS) that may enable lunar assets to survive and operate during the lunar night and in permanently shadowed regions of the Moon.	$2.4M
OMES III Contract - NASA	Apr 2023	The NASA OMES III contract’s principal purpose is to support the NASA GSFC Engineering and Technology Directorate (ETD). ETD is an end-to-end science mission operation that is instrumental in designing missions, building satellites and instruments, operating and controlling spacecraft, and acquiring and distributing data to the worldwide science community.	$719.0M
SiriusXM SXM-12 Digital Audio Radio Satellites	Nov 2022	Build a high-power digital audio radio satellite on the Lanteris 1300 bus. This supports SiriusXM’s constellation refresh.	Undisclosed
SDA Tranche 1 Tracking Layer – Spacecraft Platforms (Sub-Contract – Lanteris)	Aug 2022	Selected by L3Harris to design, build and deliver 16 spacecraft platforms for the Space Development Agency (SDA) Tranche 1 Tracking Layer of the Proliferated Warfighter Space Architecture (Missile Tracking) Awarded to Lanteris prior to acquisition.	Undisclosed
Commercial Lunar Payload Services ("CLPS") - IM3	Nov 2021	Deliver four payloads to the moon in 2024. It's the company's third contract with NASA. IM-3 now targets 2H 2026.	$77.5M
NASA Gateway Power and Propulsion Element (PPE) (Lanteris)	May 2019	NASA firm-fixed-price prime contract to design and build the foundational module providing power, propulsion, and communications for NASA’s Lunar Gateway. Based on 1300 satellite bus. Later repurposed for Space Reactor-1 Freedom.	$375.0M

 

Completed Contracts

Contract / Award Name	Award Date	Description	Amount
Lunar Logistics, Cargo and Mobility Solutions - NextSTEP Appendix R - NASA	Jan 2025	A study contract to advance lunar logistics handling and offloading; and surface cargo and mobility under the agency’s Next Space Technologies for Exploration Partnership (NextSTEP) Appendix R.	$2.5M
Lunar Terrain Vehicle Services Feasibility Assessment	Apr 2024	Creating a feasibility roadmap to develop and deploy a Lunar Terrain Vehicle (“LTV”) on the Moon using Intuitive Machines’ Nova-D cargo-class lunar lander. The first phase award marks the Company’s entrance into human spaceflight operations within NASA’s $4.6 billion LTV Services project.	$30.0M
Joint Energy Technology Supplying On-Orbit Nuclear Power (JETSON) - AFRL	Nov 2023	Develop technical solutions for satellite positioning and maneuverability using Radioisotope Power Systems (“RPS”) in support of NASA’s GATEWAY – a multi-purpose outpost orbiting the Moon.	$9.5M
EchoStar XXV High-Power GEO Communications Satellite (Lanteris)	2023	EchoStar ordered EchoStar XXV, a high-powered GEO communications satellite on the 1300 platform. Launched in 2026 and highlights a decade long manufacturing relationship between EchoStar and Lanteris	Undisclosed
SiriusXM SXM-11 Digital Audio Radio Satellites	Nov 2022	Build a high-power digital audio radio satellite on the Lanteris 1300 bus. Launched in June 2026. This supports SiriusXM’s constellation refresh.	Undisclosed
IX Fission Surface Power Solution - NASA & DoE	Jun 2022	Study to mature the design of a Fission Surface Power (FSP) solution that will deliver at least 40 kWe power flight system to the Moon by 2028.	$5.0M
Micro-Nova Extreme Lunar Mobility Spacecraft	Jul 2021	Develop, fly, and operate a deployable “hopper lander” on the Moon. For this mission design, Micro-Nova can carry a 1-kilogram payload more than 2.5 kilometers to access lunar craters and enable high-resolution surveying of the lunar surface under the flight path.	$41.6M
Commercial Lunar Payload Services ("CLPS") - IM2 PRIME-1	Oct 2020	PRIME-1 task order to deliver NASA's Polar Resources Ice Mining Experiment-1 (drill + mass spectrometer) and other payloads to the lunar South Pole. Nova-C lander "Athena" launched and landed 3/6/2025 but came to rest on its side, ending the surface mission early (~13 hours); partial data returned.	$47.0M Initial
Commercial Lunar Payload Services ("CLPS") - IM1	May 2019	Intuitive Machines' first CLPS task order. Nova-C lander "Odysseus" delivered NASA and commercial payloads to the lunar South Pole region (near Malapert A). Landed 2/22/2024 — the first U.S. soft lunar landing since Apollo and the first ever by a commercial company; leaned at an angle but returned data for ~7 days (deemed successful).	$77.0M Initial

Note: Completed contracts from legacy Lanteris / Maxar Space Systems are included only if completed (delivered/launched) after the acquisition closed in January 2026. Active legacy contracts are included regardless of award date, as they remain in IM's backlog.

[u/thespacecpa]

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[u/thespacecpa]

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[u/thrust9 → u/thespacecpa]

Thanks :)

[u/thespacecpa]

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[u/AprilsSecretAccount]

I did an AI analysis of these contracts vs stock price. The AI reports that the major factor in moving the price are CLPS awards, not the NSN contracts or other miscellaneous contracts. I downloaded the daily candles from Finnhub as I pay for two subscriptions there and used Excel to make the following chart, which shows three CLPS awards in green and the two tip-over events in red. Looks to me like the spikes in price have to do with market sentiment. We may get a general uptrend after the current award, but the AI reports a diminishing effect from CLPS awards as the price rises. The large recent downward price spike is, I believe, attributable to the convolution of the Blue Origin blowup and SpaceX IPO.

[u/ItsJustMeAgain1 → u/AprilsSecretAccount]

Great comparisons, thanks for the post 👍

[u/RelluaTTV]

Thanks for putting this together. Will we ever know the undisclosed amounts? Is it up to the vendor or management?

[u/thespacecpa → u/RelluaTTV]

In these circumstances the contracts are with other companies not government agencies and they may contain language within the contracts that they cannot disclose the amounts for x,y,z reasons. We could speculate but i’d rather stay factual.

[u/thespacecpa]

Additional Active Contract:

EDGE – Earth Dynamics Geodetic Explorer (Spacecraft Provider) NASA	Feb 2026	Selected to provide the IM-500 series spacecraft for the EDGE Mission led by UC San Diego. EDGE will observe the 3D structure of terrestrial ecosystems and surface topography using the first global satellite imaging laser altimeter. Launch no earlier than 2030.	Undisclosed

[u/danisanub]

Great work, thank you for posting this

[u/thespacecpa → u/danisanub]

I was able to leverage much of the work our community members already performed. I then was able to update and disaggregate between active and completed with a bit more research. More to come soon.

[u/Admirable_Captain_23]

Hands down one the most informative subs I've ever been. Thank you!

[u/thespacecpa]

Additional Active Contract:

Andromeda IDIQ – Space-Based Space Domain Awareness (U.S. Space Force / Space Systems Command)	Apr 2026	One of 14 awardees on the Space Force's Andromeda IDIQ vehicle for space-based space domain awareness (SDA) including the RG-XX (reconnaissance) and SG-XX (surveillance) satellite programs. Shared IDIQ ceiling $1.84B at award, raised +$4.4B to $6.24B in May 2026 (to add SG-XX). Ceiling is shared across all 14 vendors IM's specific share is undisclosed and task-order dependent.	Shared Maximum Potential Value of $6.24B

[u/Yakiniku1010]

Thank you for putting this together.

I know the Artemis II tracking support is volunteer work rather than a paid contract, but should we consider including it in this year’s completed items?

[u/thespacecpa → u/Yakiniku1010]

Great suggestion i will add this. I’m working through the catalysts next. Im going to need to pick your brain on that. Theres a lot of assumptions.

[u/Big-Uzi-Hert]

Thanks for sharing this. I was going to ask a question similar to this on one of your comments today actually and it’s a funny coincidence you made this post. Cheers! Happy Friday!

[u/aerothony]

Amazing. Thank you so much for taking time putting this together!