SCHEDULE 13G: BlackRock Discloses 6.7% Passive Stake in Intuitive Machines

BlackRock, Inc. has reported a 6.7% beneficial ownership stake in Intuitive Machines, Inc.'s Class A Stock, holding 7,847,165 shares as of June 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 7,847,165 shares of Intuitive Machines, Inc.'s Class A Stock.
• This ownership represents 6.7% of the total outstanding Class A Stock.
• BlackRock holds sole voting power over 7,545,797 shares and sole dispositive power over all 7,847,165 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Intuitive Machines, Inc.
• The event date requiring this filing was June 30, 2025.
• BlackRock, Inc. is a parent holding company, and various subsidiaries, including BlackRock Advisors, LLC and BlackRock Fund Advisors, are involved in the beneficial ownership.

Sentiment

Score: 7

Explanation: The filing indicates a significant passive investment by a major institutional investor, which can be viewed positively as a vote of confidence in the company, though it is a routine disclosure for such investors and does not imply active engagement or new strategic direction.

Positives

• A significant stake (6.7%) held by a major institutional investor like BlackRock can be interpreted as a vote of confidence in Intuitive Machines, Inc.'s long-term prospects.
• BlackRock's passive investment indicates a long-term, ordinary course of business holding, suggesting stability in the shareholder base without intent to disrupt management or strategy.

Risks

• The filing itself does not introduce new risks for Intuitive Machines, Inc. It merely discloses an existing ownership structure. BlackRock's passive holding means they are not expected to actively influence corporate governance or strategic decisions.

Future Outlook

The document, a Schedule 13G, primarily discloses beneficial ownership and does not provide forward-looking statements or guidance regarding Intuitive Machines, Inc.'s future operations or financial performance. It only states BlackRock's intent to hold the shares passively.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing highlights BlackRock's continued investment in the public markets, specifically in companies like Intuitive Machines, Inc., which operates in the space exploration and lunar technology sector. As one of the world's largest asset managers, BlackRock's significant passive stake reflects its broad investment strategy across various industries.

Stakeholder Impact

• Shareholders may view BlackRock's significant passive stake as a positive signal, potentially indicating institutional confidence in Intuitive Machines, Inc.'s long-term value.
• The filing does not indicate any direct impact on employees, customers, suppliers, or creditors, as it pertains solely to beneficial ownership.

Key Dates

Keywords

Intuitive Machines, BlackRock, SEC filing, Schedule 13G, beneficial ownership, Class A Stock, institutional investment, passive investment, space exploration