Exhibit 99.2

INVESTOR PRESENTATION │ Investor Presentation │ September 2022

This presentation (together with oral statements made in connection herewith, this “Presentation”) is being delivered to you by Intuitive Machines, LLC (“Intuitive Machines”) and Inflection Point Acquisition Corp . (“Inflection Point”) to assist interested parties in making their own evaluation with respect to a potential business combination between Intuitive Machines and Inflection Point and related transactions (the “Proposed Business Combination”) and for no other purpose . This Presentation is provided for informational purposes only and is being provided to you solely in your capacity as a potential investor in considering an investment in the combined company . Any reproduction or distribution of this Presentation, in whole or in part, or the disclosure of its contents, without the prior written consent of Intuitive Machines and Inflection Point is prohibited . No Representations or Warranties No representations or warranties, express or implied are given in, or in respect of, the accuracy or completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you . To the fullest extent permitted by law, in no circumstances will Intuitive Machines, Inflection Point or any of their respective subsidiaries, shareholders, affiliates, representatives, partners, directors, officers, employees, advisors or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith . In addition, this Presentation does not purport to be all inclusive or to contain all of the information that may be required to make a full analysis of Intuitive Machines, the combined company or the Proposed Business Combination . Viewers of this Presentation should each make their own evaluation of Intuitive Machines, the combined company and of the relevance and adequacy of the information and should make such other investigations, as they deem necessary . Nothing herein should be construed as legal, financial, tax or other advice . You should consult your own advisers concerning any legal, financial, tax or other considerations concerning the opportunity described herein . The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs . Forward - Looking Statements This Presentation includes “forward - looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 . Intuitive Machines’, Inflection Point’s and the combined company’s actual results may differ from their expectations, estimates and projections, and, consequently, you should not rely on these forward - looking statements as predictions of future events . Words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions are intended to identify such forward - looking statements . These forward - looking statements include, but are not limited to, expectations with respect to future performance and anticipated financial impacts of the Proposed Business Combination, the timing of the completion of the Proposed Business Combination, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share . These statements are based on various assumptions, whether or not identified in this Presentation, and involve significant risks and uncertainties that could cause actual results to differ materially from the expected results . You should carefully consider the risks and uncertainties described in the “Risk Factors” section of Inflection Point’s registration statement on Form S - 1 and its Annual Report on Form 10 - K for the year ended December 31 , 2021 . In addition, there will be risks and uncertainties described in the proxy statement/prospectus on Form S - 4 relating to the Proposed Business Combination, which is expected to be filed by Inflection Point with the Securities and Exchange Commission (the “SEC”), and other documents filed by Inflection Point and Intuitive Machines from time to time with the SEC . These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward - looking statements . Most of these factors are outside Intuitive Machines’ and Inflection Point’s control and are difficult to predict . Factors that may cause such differences include, but are not limited to : ( 1 ) the outcome of any proceedings that may be instituted against Inflection Point or Intuitive Machines following the announcement of the Proposed Business Combination ; ( 2 ) the inability of Inflection Point and Intuitive Machines to complete the Proposed Business Combination, including due to failure to obtain approval of the shareholders of Inflection Point ; ( 3 ) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals, or delays in completing regulatory reviews, required to complete the Proposed Business Combination ; ( 4 ) the risk that the Proposed Business Combination disrupts current plans and operations ; ( 5 ) the inability to recognize the anticipated benefits of the Proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees ; ( 6 ) costs related to the Proposed Business Combination ; ( 7 ) changes in applicable laws or regulations ; ( 8 ) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors ; ( 9 ) the impact of the global COVID - 19 pandemic ; │ Investor Presentation │ disclaimer 2

( 10 ) the risks described in the “Risk Factor Summary” hereto ; and ( 11 ) other risks and uncertainties described in Inflection Point’s registration statement on Form S - 1 and its Annual Report on Form 10 - K for the year ended December 31 , 2021 and its subsequent Quarterly Reports on Form 10 - Q and the Registration Statement on Form S - 4 to be filed by Inflection Point in connection with the Proposed Business Combination, including those under “Risk Factors” therein, and as indicated from time to time in Inflection Point’s and Intuitive Machines’ other filings with the SEC . Inflection Point and Intuitive Machines caution that the foregoing list of factors is not exclusive and not to place undue reliance upon any forward - looking statements, including projections, which speak only as of the date made . Neither Inflection Point nor Intuitive Machines undertakes or accepts any obligation to release publicly any updates or revisions to any forward - looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based . Industry and Market Data In this Presentation, Inflection Point and Intuitive Machines rely on and refer to certain information and statistics regarding the markets and industries in which Intuitive Machines competes . Such information and statistics are based on Intuitive Machines’ management’s estimates and/or obtained from third - party sources, including reports by market research firms and company filings . While Intuitive Machines believes such third - party information is reliable, there can be no assurance as to the accuracy or completeness of the indicated information . Neither Intuitive Machines nor Inflection Point has independently verified the accuracy or completeness of the information provided by the third - party sources . Trademarks This Presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners, and Inflection Point’s and Intuitive Machines’ use thereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, service marks, trade names and copyrights . Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Presentation may be listed without the TM, © or ® symbols, but Inflection Point and Intuitive Machines will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights . Images This Presentation includes images and diagrams of landers, capsules, habitats, vehicles, satellites, rockets and other equipment in space, on the moon, on Mars, or in other extraterrestrial environments . Some of these images and diagrams include equipment bearing Intuitive Machines' logo . All such images and diagrams are simulated renderings for illustrative purposes only . Such images and diagrams should not be relied upon or construed by investors as an indication or assurance that landers, capsules, habitats, vehicles, satellites, rockets and other equipment developed, designed, manufactured, assembled, purchased or sold by Intuitive Machines has already, or will in the future, be placed or used in space, on the moon, on Mars, or in any other extraterrestrial environment . No Offer or Solicitation This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall there be any sale of securities, investment or other specific product in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction . Any offering of securities will not be registered under the Securities Act of 1933 , as amended (the “Securities Act”), and will be offered as a private placement to a limited number of institutional “accredited investors” as defined in Rule 501 (a)( 1 ), ( 2 ), ( 3 ) or ( 7 ) under the Act and “Institutional Accounts” as defined in FINRA Rule 4512 (c) . Accordingly, the securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act . Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act . The transfer of the securities may also be subject to conditions set forth in an agreement under which they are to be issued . Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time . Neither Inflection Point nor Intuitive Machines is making an offer of the securities in any state where the offer is not permitted . This Presentation relates to the potential financing of a portion of the Proposed Business Combination through a private placement of the combined company’s securities . This Presentation shall not constitute a “solicitation” as defined in Section 14 of the Securities Exchange Act of 1934 , as amended . Disclaimer (Cont’d) 3 │ Investor Presentation │

Financial Information This Presentation contains certain estimated preliminary financial results and key operating metrics for the year ended December 31 , 2021 and the six months ended June 30 , 2022 , and the historical financial information with respect to Intuitive Machines contained in the Presentation has been taken from or prepared based on historical financial statements of Intuitive Machines, including audited financial statements for its fiscal year ended December 31 , 2021 and unreviewed financial statements for the six months ended June 30 , 2022 . This information is preliminary and subject to adjustment in connection with the completion of the PCAOB audit for the fiscal year ended December 31 , 2021 and the review for the six months ended June 30 , 2022 . As such, Intuitive Machines’ actual results and financial condition as reflected in the financial statements that will be included in the proxy statement/prospectus on Form S - 4 for the Proposed Business Combination may be adjusted or presented differently from the historical financial information herein, and the variations could be material . Non - GAAP Financial Measures Certain of the financial measures included in this Presentation have not been prepared in accordance with generally accepted accounting principles (“GAAP”), and constitute “non - GAAP financial measures” as defined by the SEC . Intuitive Machines has included these non - GAAP financial measures (including on a forward - looking basis) because its believes they provide an additional tool for investors to use in evaluating the financial performance and prospectus of Intuitive Machines or any successor entity in the Proposed Business Combination . These non - GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP . In addition, these non - GAAP financial measures may differ from non - GAAP financial measures with comparable names used by other companies . See the Appendix for a description of these non - GAAP financial measures and a reconciliation of the historic measures to Intuitive Machines’ most comparable GAAP financial measures . Note however, that to the extent forward - looking non - GAAP financial measures are provided herein, they are not reconciled to comparable forward - looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation . Use of Projections This Presentation also contains certain financial forecasts . Neither Inflection Point’s nor Intuitive Machines’ independent auditors have studied, reviewed, compiled or performed any procedures with respect to the projection for the purpose of their inclusion in this Presentation, and accordingly, neither of them have expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation . These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results . Certain of the above - mentioned projected information has been provided for purposes of providing comparisons with historical data . The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information, including . Projections are inherently uncertain due to a number of factors outside of Inflection Point’s or Intuitive Machines’ control . While all financial projections, estimates and targets are necessarily speculative, Inflection Point and Intuitive Machines believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation . Accordingly, there can be no assurance that the prospective results are indicative of future performance of the combined company after the Proposed Business Combination or that actual results will not differ materially from those presented in the prospective financial information . Inclusion of the prospective financial information in this Presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved . Additional Information and Where to Find It In connection with the Proposed Business Combination, Inflection Point will file a registration statement on Form S - 4 (the “Registration Statement”) with the SEC, which will include a preliminary proxy statement/prospectus to be distributed to holders of Inflection Point's ordinary shares in connection with Inflection Point's solicitation of proxies for the vote by Inflection Point's shareholders with respect to the Proposed Business Combination and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of securities to be issued to Intuitive Machines equity holders in connection with the Proposed Business Combination . After the Registration Statement has been filed and declared effective, Inflection Point will mail a copy of the definitive proxy statement/prospectus, when available, to its shareholders . Disclaimer (Cont’d) 4 │ Investor Presentation │

The Registration Statement will include information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Inflection Point's shareholders in connection with the Proposed Business Combination . Inflection Point will also file other documents regarding the Proposed Business Combination with the SEC . Before making any voting decision, investors and security holders of Inflection Point and Intuitive Machines are urged to read the Registration Statement, the proxy statement/prospectus contained therein, and all other relevant documents filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about the Proposed Business Combination . Investors and security holders will be able to obtain free copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Inflection Point through the website maintained by the SEC at www . sec . gov . In addition, the documents filed by Inflection Point may be obtained free of charge from Inflection Point's website at www . inflectionpointacquisition . com or by written request to Inflection Point at Inflection Point Acquisition Corp . , 34 East 51 st Street, 5 th Floor, New York, NY 10022 . Participants in Solicitation Inflection Point, Intuitive Machines and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies of Inflection Point’s shareholders in connection with the Proposed Business Combination . Investors and security holder may obtain more detailed information regarding the names and interests of Inflection Point’s directors and officers in the Proposed Business Combination in Inflection Point’s filings with the SEC, including Inflection Point’s registration statement on Form S - 1 . To the extent that holdings of Inflection Point’s securities have changed from the amounts reported in Inflection Point’s registration statement on Form S - 1 , such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC . Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Inflection Point’s shareholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus on Form S - 4 for the Proposed Business Combination, which is expected to be filed by Inflection Point with the SEC . Disclaimer (Cont’d) 5 │ Investor Presentation │

6 TODAY’S PRESENTERS Decades of Sector Experience Proven Track Record of Identifying and Catalyzing Growth ~$330M SPAC Trust With $50M Committed Capital From Sponsor INTRODUCTION │ Investor Presentation │ Steve Altemus Co - Founder, President & Chief Executive Officer Erik Sallee Chief Financial Officer Guy Shanon Co - CEO Inflection Point Acquisition Corp. Michael Blitzer Co - CEO Inflection Point Acquisition Corp.

7 INVESTMENT HIGHLIGHTS INTRODUCTION Nine - year - old lunar services company, leading position in NASA’s Artemis Program with ~$73M 2021A, ~$102M 2022E, and ~$291M 2023 E revenues ▪ Artemis envisions a permanent moon base and thriving lunar economy. NASA annual Artemis contracting was ~$7B in 2022, likely to grow National security space is a $30B contracting market and growing ▪ IM’s TAM also includes DOD and Space Force which have prioritized the moon via strong bipartisan support, especially given re cen t geopolitical developments and race to space from Russia, China Established, highly defensible, scalable technology position providing lunar transport, landing, data relay services ▪ Diversification: also selling into the earth - orbital products and services market, a ~$120B total opportunity over the next 10 years Significant IP assets and high ROIC at scale with durable growth trajectory and margin expansion in a non - cyclical sector ▪ Company growing rapidly with ~$102M in 2022E revenue already contracted, sizable near - term awards expected Revenue will transition from government contracts to include substantial commercial services sales via successful missions sh owc asing capabilities as the cislunar economy develops CEO former deputy director for Johnson Space Center, over 25 years at NASA, CTO lead on NASA’s Project Morpheus, 13 - year NASA te nure, CFO was Controller for Blue Origin and held various senior financial positions at Raytheon and L3 The combined company has secured $55 million of committed capital from entities affiliated with Inflection Point’s sponsor an d f rom a founder of Intuitive Machines ▪ Net cash balance sheet with low - risk capital consumption profile Pro Forma Enterprise Valuation of ~$815M, implying a 2.8x EV / 2023E Revenue Multiple which provides a compelling discount re lat ive to peers Leading The Way Back To The Moon Contracting TAM Well Beyond NASA First Mover In Lunar Transport & Communications Systems Revenue Generating, High Quality Business Model Contracts To Commercial Over Time Exceptional Leadership Team Term Funded & Resilient Compelling Valuation │ Investor Presentation │ Source: Intuitive Machines Management estimated forecast

Working to provide a thriving, diverse lunar economy, creating numerous new opportunities and markets to enable on - orbit applications, a permanent presence on the Moon, and expand the commercial space exploration marketplace INTRODUCTION 8 Video Link A space exploration company establishing the lunar infrastructure and basis for commerce to inform and sustain human presence on another orbiting body RIGHT NOW Servicing NASA and a worldwide set of payload customers, working to provide access to the lunar surface, cislunar data for science, technology, and infrastructure Tomorrow OUR VISION │ Investor Presentation │

Leveraged government contract success to build commercial customer base and industry partnerships required for next phase of growth >100% revenue CAGR since 2018, or ~10x growth 9 $369M Signed Contracts to Date 4 Lunar Missions Scheduled ~104% 2020A - 2024E Revenue CAGR 31% / 52% 2024E / Long Term Gross Margin $4B+ Identified Opportunities Though 2025 $102M 2022E Revenue First mover advantage resulted in strong lead in a large, untapped addressable market 3 Commercial Lunar Payload Services (“CLPS”) awards to date, more than any competitor $369M in bookings and $188M 1 in backlog INTUITIVE MACHINES AT A GLANCE BUSINESS HIGHLIGHTS COMPANY STATISTICS Optical Nav System Re - Entry and Landing Lunar Communications Extreme Surface Mobility RPO and Capture TECHNOLOGY CAPABILITIES INTRODUCTION LOX / Methane Propulsion │ Investor Presentation │ Source: Intuitive Machines Management estimated forecast 1 As of September 2022

10 Highly qualified team with deep expertise and premium pedigree – led to securing three of initial seven NASA CLPS awards Excellent MANAGEMENT TEAM ACROSS THE SPACE INDUSTRY Erik Sallee Chief Financial Officer Steve Labbe Director, Engineering Anna Ronalds Vice President, Operations Jack “2 Fish” Fischer President, Strategic Programs Peter McGrath Vice President, Business Development 25+ years Average Aerospace & Defense Experience Trent Martin Vice President, Space Systems 250+ years Cumulative Aerospace and Defense Experience >140 Employees Over 60% with Advanced Degrees Steve Altemus Co - Founder, President, Chief Executive Officer Dr. Tim Crain Co - Founder and Chief Technology Officer Kam Ghaffarian Co - Founder and Executive Chairman INTRODUCTION │ Investor Presentation │

Opening New Markets 11 INTUITIVE MACHINES │ Investor Presentation │

Potential to project soft power through IM – by leveraging commercial industry to retake the high ground and drive U.S. economy growth Rare moment in history alignment and acceleration to win the next space race CAPITALIZING ON MOMENTUM TO OUTPACE THE COMPETITION Geopolitical / Policy Alignment Market Push Reduced barriers National Space Council Space Leaders With Moon Focus Office of Space Commerce New Tools for U.S. to Compete Defense Space Policy Defend the High Ground Set the Norms - Space technology shifts change the equation - Government focus shifts provide opportunity - Public Private Partnerships to synergize - Multi - use space tech to leverage private investment - Non - traditional contracting to accelerate Reduced Barriers to Entry 12 NEW MARKETS │ Investor Presentation │

(1) 2022 Defense Intelligence Agency “Challenges to Security in Space” Report 21st century space race under way ▪ “China and Russia value superiority in space. As a result, they will seek ways to strengthen their space and counterspace programs, and determine ways to better integrate them into their respective militaries.” 1 ▪ “Lunar exploration by China and Russia aims to expand their scientific knowledge and prestige. If successful, it will likely lead to attempts by China and Russia to exploit the Moon's natural resources.” 1 ▪ “Space [will be] an increasingly competitive and crowded environment for the foreseeable future.” 1 Defense Intelligence Agency Assessment NEW MARKETS Chinese Lunar Exploration Program (CLEP) Case Study 13 │ Investor Presentation │

14 The Artemis Program – An Overview Unlike the Apollo program, the Artemis program is relying heavily upon partnership with the private sector in order to accomplish its goals in the most cost - effective manner possible The program aims to conduct its first human landing in 2025 and achieve a sustainable human presence on the Moon with a powered habitable base camp by the late 2020’s Upon successful execution of the program’s vision for the Moon, NASA aims to land humans on Mars sometime in the 2030’s The program is governed by the Artemis Accords, a set of international governing principles for cooperation grounded in the 1967 Outer Space Treaty and currently signed by 16 nations The Artemis program is a bipartisan initiative to return humans to the Moon and eventually achieve human exploration of Mars The Commercial Lunar Payload Services (CLPS) program was created to deliver scientific instruments and equipment to the Moon to gather data in preparation for the human landing Total NASA spending on the Artemis program is expected to reach $93 billion by 2025 according to a recent audit by the NASA Office of Inspector General NEW MARKETS │ Investor Presentation │ Source: NASA

1 Management estimate based on contracts awarded 2 NASA has announced $35.2 billion to date and requested an additional $50.5 billion Lunar Market Traction SCIENCE Commercial Lunar Payload Services (CLPS) Space technology Tipping Point Government funded technology development Human exploration Gateway Human exploration Artemis Driving orbit and surface resupply, logistics, and infrastructure Disruptive pricing for payload delivery FUNDED CIVIL AND COMMERCIAL LUNAR PROGRAMS $2.6 billion Initial cumulative maximum contract value through November 2028 $370+ million Annual NASA awards to companies pursuing transformative space technologies ~$900 million 1 Contracts to be awarded for PPE, HALO, and Falcon Heavy Launch $85+ BILLION 2 Projected through 2025, including $35+ billion on contracts already awarded to date 15 NEW MARKETS │ Investor Presentation │

1 NSR Moon Markets Analysis (2022); 2 NSR IoSM reports (2021 and 2022); 3 2022 NASA budget; 4 2022 Space Force, SDA and MDA budgets; 5 2019 Satellite Industry Association Report 16 NEW MARKETS Accessible TAM for Intuitive Machines Approximately ~$120b Over the Next Decade EARTH ORBITAL SERVICES LUNAR SERVICES Intuitive Machines TAM is underpinned by large end markets NATIONAL SECURITY SPACE 4 ~$30B MARKET IN 2022 SPACE EXPLORATION 3 ~$25B MARKET IN 2022 COMMERCIAL SATELLITE SERVICES 5 ~$123B MARKET IN 2022 Science & Tech 2% Transporation 6% Robotics 5% Crewed 72% Communication 2% Infrastructure 12% Remote Sensing 1% Other 0% Life Extension 51% Relocation 5% De - Orbiting 6% Salvage 12% Robotics 10% ADR 1% SSA 15% ~$14B from 2022 - 2031 2 ~$105B from 2021 - 2030 1 │ Investor Presentation │

Note: Images are simulated and for illustrative purposes Future of the Moon – Lunar Economy Overview 17 CREWED MISSIONS LUNAR HABITAT LUNAR POWER SERVICES COMMERCIAL LANDERS LUNAR TRANSPORTATION SERVICES LUNAR DATA SERVICES NEW MARKETS │ Investor Presentation │

Business Overview 18 INTUITIVE MACHINES │ Investor Presentation │

19 Lunar Access Services INTUITIVE MACHINES BUSINESS UNIT OVERVIEW • IM will utilize its proprietarily developed lunar lander vehicle to service CLPS contracts to fly NASA scientific equipment to the lunar surface and support experiments • Missions expected to grow consistently along with NASA payloads and generate $279M annual revenue by 2024. 3 missions contracted to date representing ~$317M of revenue • IM leverages its 6 strategically positioned ground stations across Earth to offer continuous lunar coverage, facilitating secure lunar communications, navigation, and imagery • To provide lunar network backup services to NASA and Space Force, which will be an increasingly important priority given China’s recent declaration that they intend to build their own lunar satellite network • IM will operate missions and develop technologies enabling services including satellite servicing & refueling, satellite repositioning, and orbital debris removal • Segment will mainly support satellites and stations in earth orbit • All the related business segments Intuitive Machines can monetize including developing propulsion systems, servicing engineering contracts, and NASA awards for lunar mobility vehicles (rovers & drones), power plants, and human habitation systems 2024E Revenue $759M 173% Rev CAGR 22E – 24E 31% 2024E Gross Margin 2024E Revenue $279M 61% Rev CAGR 20A – 24E 2024E Revenue $129M 140% Rev Growth 23E – 24E 2024E Revenue $106M 460% Rev Growth 23E – 24E 2024E Revenue $246M 206% Rev CAGR 20A – 24E PROVEN REVENUE GENERATOR & EXECUTING ON STRATEGY Orbital Services Lunar Data Services Space Products / Infrastructure │ Investor Presentation │ Source: Intuitive Machines Management estimated forecast

Lunar Access Services Meeting Multi - Market Demand Every Mission $233M Signed NASA Commercial Payload Services Contracts; consisting of missions in 2022, 2023 and 2024 $65M Signed NASA Tipping Point contracts and payloads that will fly in 2022 and 2024 $29M Commercial payloads contracted on IM - 1, IM - 2, and IM - 4 3 Missions Booked on SpaceX Falcon 9 with options for two more Lunar Rocket - Fueled Drone Lunar Surface Rover Services Fixed Lunar Surface Services Lunar Orbit Services TLI 380 Services POTENTIAL INCREMENTAL REVENUE STREAMS: CONTRACTED MOMENTUM: Content (Sponsorships, Imagery, etc ) ~$2M Commercial sponsorships and content sales ~$317M Total Bookings PROVEN REVENUE GENERATOR & EXECUTING ON STRATEGY 20 │ Investor Presentation │

Lunar Access Services Annual cadence seeding the commercial market PROVEN REVENUE GENERATOR & EXECUTING ON STRATEGY 21 IM - 1 (Q1 2023) IM - 2 (Q2 2023) IM - 3 (Q2 2024) Negotiations on - going with multiple parties for rideshare and payload opportunities. PAYLOADS Commercial 4 12 Commercial 5 6 Commercial 6 5 Commercial 1 TBD IM - 4 ( Q2 2025) │ Investor Presentation │

$41 $68 $94 $117 $279 2020A 2021A 2022E 2023E 2024E Technology / Capability CLPS Awards to Date 3 2 1 1 Lander Capability+ <125/<500/ >1,000 kg <125/ < 125 kg <500 kg 500 kg+ 100 kg+ 30 kg / 500 kg 100 kg+ Guidance, Navigation & Control Precision Landing and Hazard Avoidance Operations Engine դ դ դ դ դ դ Lightweight Tanks դ դ դ դ դ դ դ Lunar Communications Network դ դ դ դ դ դ դ Rendezvous, Proximity Operations դ դ դ դ դ դ Extreme Surface Mobility դ դ դ դ դ դ դ Ride Share Capabilities դ դ դ դ դ դ Lunar Access Services CLEAR PATH to seizing the near - space market opportunity OUR MISSION IS TO LEAD the U.S. back to the Moon in the fastest, most cost - effective, and sustainable way Future Dev Future Dev PROVEN REVENUE GENERATOR & EXECUTING ON STRATEGY Future Dev Future Dev Future Dev 22 Lunar Access Services Revenue ($M) YoY Growth 65% 37% 25% 20A – 24E CAGR 61% 139% դ In - House Planned Outsourced  <500 kg Comp 1 Comp 2 Comp 4 Comp 5 Comp 6 Comp 7 !Ȓȅȵ ב │ Investor Presentation │ Source: Intuitive Machines Management estimated forecast

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Lunar Data Services Economics of near - space networks Price $$ $ N/A $$$ Availability դ Security Cloud Integration դ դ Advanced CM դ դ դ Cislunar Space - Based Assets դ դ դ Dish Size 18 - 64m 34 - 70m 13m 15 - 22m GEO Distance XGEO Distance դ Lunar Distance դ …Ɏǝƺȸ     DEFINING A DOMINANT FULL - SPECTRUM DATA SOLUTION Significant intuitive machines advantage to augment xgeo cislunar market 0æ0!ÈÁXzJ…z³Á«Á0Jç 24 LUNAR DATA SERVICES REVENUE ($M) YoY Growth z NA NA  դ In - House Planned zٖ Limited н +  Comp 8 !Ȓȅȵ ח 460% Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň NA NA z $19 ڟ ׏׎ה 2020A 2021A 2022E 2023E 2024E Source: Intuitive Machines Management estimated forecast

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5&$)/0-0(*&4 Nova - C Optical Navigation Rendezvous, Proximity Operations, and Capture xƺƬǝƏȇǣɀȅ ƏȇƳ«ȒƫȒɎǣƬɀ !ƏȵƏƫǣǼǣɎǣƺɀ Tow trucks, gas stations, and robotic space mechanics will not only extend the life of space assets, but they will also be the basis for an entirely new space economy… “will develop in the coming 5 – 7 years and is expected to be worth $10s of billions by the end of the decade.” SpaceFund - 2020 n0à0«JXzJXxÁ0!Rz…n…JX0³z(J…à0«zx0zÁIÈz(³Á…0³Á nX³RI……ÁR…n( Progress to Date ³ƏɎƺǼǼǣɎƺɀƺȸɮǣƬƺɀɎƺƏȅȒȇ ٮ ƫȒƏȸƳ XȇɎƺȸȇƏɎǣȒȇƏǼ«¨…!ƬƏȵƏƫǣǼǣɎɵȒȇ ٮ ƫȒƏȸƳƺƳɯȒȸǼƳ ٮ ƬǼƏɀɀ ȅƺƬǝƏȇǣɀȅɀٖȸȒƫȒɎǣƬɀɎƺƏȅ ڟ הِב x!ȒȅȅƺȸƬǣƏǼ«¨…!!ȒȇɎȸƏƬɎ !ȒȅȅƺȸƬǣƏǼ³ȵƏƬƺ³ɎƏɎǣȒȇƬȒȇɎȸƏƬɎ ǣȇ ٮ ǝƏȇƳɯǣɎǝɴǣȒȅ³ȵƏƬƺ Actively engaged in policy development for Active Debris Removal Funding Two NASA ADR patents held by IM Strategic Pursuits ڟ וא׎ x¨ȸǣȅƺ0ȇǕǣȇƺƺȸǣȇǕ !ȒȇɎȸƏƬɎ¨ɖȸɀɖǣɎ nƺƏƳz³nƏȇƳɀƏɎ³ƺȸɮǣƬǣȇǕ ȸȒƫȒɎǣƬɀȅǣɀɀǣȒȇ National Security Space Leveraging domain expertise for demos of orbital servicing, debris removal, rideshares and Space Domain Awareness 0æ0!ÈÁXzJ…z³Á«Á0Jç 25 ³ȒɖȸƬƺيǝɎɎȵɀيٖٖɀȵƏƬƺǔɖȇƳِƬȒȅ ڟ ׏׎ xȸǣƳƺɀǝƏȸƺƬȒȇɎȸƏƬɎȒȇXx ٮ א !ȒȇɎȸƏƬɎƺƳȸǣƳƺɀǝƏȸƺȅǣɀɀǣȒȇǣȇ א׎אב │ Investor Presentation │

Orbital Services Orbital Servicing Snapshot RPO դ դ դ Robotics դ դ դ Fluid Transfer դ դ դ դ դ Optical Navigation դ  XzÁÈXÁXà0x!RXz0³X³¨…³XÁX…z0(Á…!¨ÁÈ«0z0x0«JXzJx«k0Á 0æ0!ÈÁXzJ…z³Á«Á0Jç     SIGNIFICANT INTUITIVE MACHINES ADVANTAGE: PURSUING $720M NASA AND ADDITIONAL SPACE FORCE CONTRACTS אה ORBITAL SERVICING REVENUE ٢ڟx٣ LEADING ORBITAL SERVICING PLATFORM çȒç JȸȒɯɎǝ z NA NA ׏ג׎ ۏ  դ Xȇ ٮ RȒɖɀƺ ¨ǼƏȇȇƺƳ Outsourced !Ȓȅȵ ׏׎ Comp 11 !Ȓȅȵ ׏א !Ȓȅȵ ׏ב !Ȓȅȵ ׏ג z │ Investor Presentation │ NA z $54 ڟ ׏אח 2020A 2021A 2022E 2023E 2024E ³ȒɖȸƬƺيXȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀxƏȇƏǕƺȅƺȇɎƺɀɎǣȅƏɎƺƳǔȒȸƺƬƏɀɎ

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0WFSWJFX PROVEN REVENUE GENERATOR & EXECUTING ON STRATEGY או SPACE PRODUCTS / INFRASTRUCTURE REVENUE ٢ڟx٣ YoY Growth גג ۏ ׏׏׎ ۏ ׏גא ۏ 20A – 24E CAGR ׫שׯ ۪ Lunar Terrain Vehicle Northrop Grumman partner for a rover to support robotic and human missions ³ɖȸǔƏƬƺRƏƫǣɎƏɎ ³ɖƫɀɵɀɎƺȅɀɎȒɀɖȵȵȒȸɎǼȒȇǕƳɖȸƏɎǣȒȇǝƏƫǣɎƏɎǣȒȇȒȇɎǝƺǼɖȇƏȸɀɖȸǔƏƬƺ Fission Surface Power Power systems to sustain continuous human presence on the Moon and Mars ³¨!0¨«…(È!Á³ۭ³0«àX!0³ «ƺȇƳƺɿɮȒɖɀƏȇƳ(ȒƬǸǣȇǕ ȵȵȸȒƏƬǝƏȇƳƳȒƬǸǣȇǕȒǔɎɯȒǣȇƳƺȵƺȇƳƺȇɎɀȵƏƬƺƬȸƏǔɎǣȇɀȵƏƬƺ٢ɴǣȒȅƬȒȇɎȸƏƬɎ٣ ¨ȸȒȵɖǼɀǣȒȇ³ɵɀɎƺȅɀ nǣȷɖǣƳ…ɴɵǕƺȇٖnǣȷɖǣƳxƺɎǝƏȇƺƺȇǕǣȇƺɀًȵȸȒȵƺǼǼƏȇɎɎƏȇǸɀًƏȇƳɎƺɀɎǔƏƬǣǼǣɎǣƺɀ Survive the Night Technologies Heat and power sources to keep systems from freezing during the lunar night 0ȇǕǣȇƺƺȸǣȇǕ³ƺȸɮǣƬƺɀ ³ȵƺƬǣƏǼɎɵƺȇǕǣȇƺƺȸǣȇǕƬƏȵƏƫǣǼǣɎǣƺɀǔȒȸǕȒɮƺȸȇȅƺȇɎƬȒȇɎȸƏƬɎɀƏȇƳɎƏɀǸȒȸƳƺȸɀ Optical Navigation / Precision Landing Moon Landing using crater recognition and on - board data processing (no GPS) ³¨!0XzI«³Á«È!ÁÈ«0 1,096% Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň ³ȒɖȸƬƺيXȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀxƏȇƏǕƺȅƺȇɎƺɀɎǣȅƏɎƺƳǔȒȸƺƬƏɀɎ ڟ ו $82 ڟ ׏גה $19 ڟ ׏׎׎ $3 ڟ ג ڟ ח ڟ ׏׎א $246 2020A 2021A 2022E 2023E 2024E Space Products Space Infrastructure

Does not include any additional sales of the remaining 24,500 grams of lunar material A CAREFULLY CRAFTED ROADMAP Èzn…!kXzJÁR0IXzn0!…z…xX!I«…zÁX0«يÁR0x……z nɖȇƏȸ³ɖȸǔƏƬƺƬƬƺɀɀ nɖȇƏȸ(ƏɎƏ³ƺȸɮǣƬƺɀ Robotics !È««0zÁ ȳXz0³³nXz0 Á«!ÁX…z !!0n0«Á0( J«…áÁR א׎אג 0«0à0zÈ0 Lunar Surface Access $279M Lunar Data Services $106M ³ȵƏƬƺXȇǔȸƏɀɎȸɖƬɎɖȸƺ ڟ ׏׎׎ x Xzà0³Áx0zÁ zȒɮƏ ٮ ( Commercial Lunar Constellation 0ƏȸɎǝ0ȇɎȸɵ ³ɖȸɮǣɮƺɎǝƺzǣǕǝɎ ACCELERATED GROWTH BY INVESTING IN REVENUE - GENERATING TECHNOLOGY Orbital Services $129M ³ȵƏƬƺ¨ȸȒƳɖƬɎɀƏȇƳ³ƺȸɮǣƬƺɀ nɖȇƏȸ«ƺɎɖȸȇ³ƺȸɮǣƬƺɀ ڟ ׎ x ٢«ƺȵȸƺɀƺȇɎɀɖȵɀǣƳƺɎȒȵǼƏȇ٣ אז Space Products $146M …ȸƫǣɎƏǼ³ƺȸɮǣƬƺɀ Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň Source: Intuitive Machines Management estimated forecast

Transaction Overview and Financials אח XzÁÈXÁXà0x!RXz0³ Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň

62% 29% א ۏ ו ۏ Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň 30 IXzz!Xn³Èxx«ç 53"/4"$5*0/
46.."3: Key Highlights Estimated Sources and Uses ($M) ƒ ɖɀǣȇƺɀɀƬȒȅƫǣȇƏɎǣȒȇƫƺɎɯƺƺȇXȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀ٢ ٹ Xx ٺ ٣ƏȇƳXȇˢƺƬɎǣȒȇ¨ȒǣȇɎ ƬȷɖǣɀǣɎǣȒȇ!Ȓȸȵِ٢ ٹ X¨æ ٺ ٣ ƒ ¨ȸȒǔȒȸȅƏƺȇɎƺȸȵȸǣɀƺɮƏǼɖƏɎǣȒȇȒǔۃڟ ז׏ד x ׏ ًǣȅȵǼɵǣȇǕƏ אِז ɴ0àٖ א׎אב 0«ƺɮƺȇɖƺ ȅɖǼɎǣȵǼƺ ƒ XȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀ ټ ɀǝƏȸƺǝȒǼƳƺȸɀɯǣǼǼȸȒǼǼ ׏׎׎ ۏȒǔɎǝƺǣȸƺɴǣɀɎǣȇǕƺȷɖǣɎɵǝȒǼƳǣȇǕɀ ǣȇɎȒɎǝƺƬȒȅƫǣȇƺƳƬȒȅȵƏȇɵ ƒ ÁǝƺƬȒȅƫǣȇƺƳƬȒȅȵƏȇɵǝƏɀɀƺƬɖȸƺƳڟ דד ȅǣǼǼǣȒȇȒǔƬȒȅȅǣɎɎƺƳƬƏȵǣɎƏǼǔȸȒȅ ƺȇɎǣɎǣƺɀƏǔˡǼǣƏɎƺƳɯǣɎǝX¨æɀȵȒȇɀȒȸƏȇƳǔȸȒȅƏǔȒɖȇƳƺȸȒǔXȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀ ƒ ڟ אח xȒǔ³¨!ɎȸɖɀɎƬȒȅȅǣɎɎƺƳɎȒƏȇȒȇ ٮ ȸƺƳƺȅȵɎǣȒȇƏǕȸƺƺȅƺȇɎƫɵ kǣȇǕɀɎȒɯȇ!ƏȵǣɎƏǼxƏȇƏǕƺȅƺȇɎn¨ًƏȇƏǔˡǼǣƏɎƺȒǔX¨æɀȵȒȇɀȒȸ ƒ ڟ אה x¨X¨0ƏȇƬǝȒȸƺƳƫɵƺȇɎǣɎǣƺɀƏǔˡǼǣƏɎƺƳɯǣɎǝX¨æɀȵȒȇɀȒȸƏȇƳƏ ǔȒɖȇƳƺȸȒǔXȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀ ƒ ³¨!ɎȸɖɀɎڷ¨X¨0ȵȸȒƬƺƺƳɀȵȸȒɮǣƳƺXxɯǣɎǝɀǣǕȇǣˡƬƏȇɎƳȸɵȵȒɯƳƺȸȒǔڟ בב׏ xًȇƺɎ ȒǔɎȸƏȇɀƏƬɎǣȒȇƺɴȵƺȇɀƺɀًɎȒƬȒȇɎǣȇɖƺǣȇɮƺɀɎǣȇǕǣȇǕȸȒɯɎǝ Sources Uses Company rollover 2 $700 Company rollover 2 $700 SPAC cash in trust 3 301 Cash to surviving entity balance sheet 358 SPAC trust commitment 4 29 Est. transaction expenses 25 PIPE 26 Existing IM balance sheet cash 5 27 Total Sources $1,083 Total Uses $1,083 Pro Forma Summary ($M) XȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀ ³ǝƏȸƺǝȒǼƳƺȸɀ ה X¨æ ³ǝƏȸƺǝȒǼƳƺȸɀ ¨X¨0 ³ǝƏȸƺǝȒǼƳƺȸɀ Note: Assumes no IPAX stockholder has exercised its redemption right to receive cash from the SPAC trust account. Pro forma v alu ation and ownership percentages exclude the impact of warrants from the SPAC and PIPE 1. Includes $7M of net cash as of 7/31/2022 2. Excludes $19M of SAFE Agreement shares 3. Assuming no redemptions; excludes non - redemption agreement between Inflection Point Acquisition Corp. and Kingstown Capital Management LP 4. Non - redemption agreement between Inflection Point Acquisition Corp. and Kingstown Capital Management LP 5. Existing IM Cash as of 7/31/2022 6. Includes 70M of IM shares and 1.9M of SAFE Agreement shares (converted at $10) 7. Includes 70M of IM shares, 33M of SPAC shares, 2.2M of PIPE shares (at $12 strike price), 1.9M of SAFE Agreement shares (conv ert ed at $10) and 8.2M of IPAX Sponsor & IPO Anchor shares 8. $7M of existing net cash and $331M of SPAC + PIPE Proceeds net of transaction expenses Pro Forma Valuation Summary Base share price at merger $10.00 Shares outstanding (M) 7 115.3 Equity Value $1,153 Net cash on balance sheet 8 $(338) Enterprise Value $815 ¨ȸȒIȒȸȅƏ…ɯȇƺȸɀǝǣȵ IPAX Sponsor & IPO Anchors Source: Intuitive Machines Management estimated forecast

FINANCIAL SUMMARY 4USPOH
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3FDPSE (Revenue $M) ▪ First mover advantage resulted in strong lead in a large, untapped addressable market ▪ 3 CLPS awards to date, more than any competitor ▪ $369M in bookings and ~$188M 1 in backlog ▪ Leveraged government contract success to build commercial customer base and industry partnerships required for next phase of growth ▪ >100% revenue CAGR since 2018, or ~10x growth $8 ڟ א׎ ڟ גג $73 2018A א׎׏ח  2020A 2021A ב׏ Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň Source: Intuitive Machines management estimated forecast (1) As of September 2022

ڟ חג ڟ ׏׏ו $279 $19 $106 $54 ڟ ׏אח $102 ڟ אגה ڟ וב $102 $291 $759 2021A א׎אא 0 2023E א׎אג 0 nɖȇƏȸƬƬƺɀɀ³ƺȸɮǣƬƺɀ Lunar Data Services Orbital Services Space Products and Services ▪ Investment allows us to outpace the competition and enables 119%+ CAGR over the next 3 years ▪ Investing in larger landers and survive the night enables significant growth in our core business ▪ First to market secures critical control point and business opportunities in Lunar Data Relay and Lunar Mapping/Prospecting ▪ Leveraging government contracts and differentiating capabilities establishes foothold in the emerging satellite servicing market. ▪ Differentiated, proprietary technology extensible across many applications, unlocking large addressable future markets IXzz!Xn³Èxx«ç ٢ڟx٣ ڟ ח 32 PROJECTED REVENUE │ Investor Presentation │ Source: Intuitive Machines Management estimated forecast

FORECAST SUMMARY FINANCIAL SUMMARY ٢ڟx٣ 2022E 2023E 2024E Lunar Access Services $94 $117 $279 Lunar Data Services 19 106 Orbital Services 54 129 Space Products 7 82 146 Space Infrastructure 1 19 100 Total Revenue $102 $291 $759 % Revenue Growth 41% 185% 161% Gross Profit $10 $79 $232 % Gross Margin 10% 27% 31% EBITDA ($14) ($46) $11 % EBITDA Margin NM NM 1% Unlevered Free Cash Flow ($26) ($55) ($16) בב ƒ IƏǼǼǣȇǕǼƏȇƳƺȸƳƺɮƺǼȒȵȅƺȇɎƬȒɀɎɀƏȇƳǝǣǕǝƺȸɮƏǼɖƺȅǣɀɀǣȒȇɀɯǣǼǼƳȸǣɮƺnɖȇƏȸƬƬƺɀɀǕȸȒɀɀȅƏȸǕǣȇƺɴȵƏȇɀǣȒȇǣȇɎǝƺȅƺƳǣɖȅ ٮ Ɏƺȸȅ ƒ ɖȸǕƺȒȇǣȇǕnɖȇƏȸ(ƏɎƏƫɖɀǣȇƺɀɀɀɎȸɖƬɎɖȸƺƳƏɀƏƬȒȅȅƺȸƬǣƏǼɀƺȸɮǣƬƺɯǣǼǼƳȸǣɮƺǕȸȒɀɀȅƏȸǕǣȇƺɴȵƏȇɀǣȒȇǣȇɎǝƺȅƺƳǣɖȅ ٮ Ɏƺȸȅ ƒ IȒǼǼȒɯǣȇǕƬƏȵƏƫǣǼǣɎɵƫɖǣǼƳ ٮ ȒɖɎًƬȒȅȅƺȸƬǣƏǼ…ȸƫǣɎƏǼ³ƺȸɮǣƬƺɀȒǔǔƺȸǣȇǕɀɯǣǼǼƳȸǣɮƺǔɖȸɎǝƺȸȅƏȸǕǣȇƺɴȵƏȇɀǣȒȇǣȇɎǝƺǼȒȇǕƺȸ ٮ Ɏƺȸȅ ƒ ÁǝƺƬȒȅȵƏȇɵƺɴȵƺƬɎɀɎȒǕƺȇƺȸƏɎƺȵȒɀǣɎǣɮƺƬƏɀǝˢȒɯǣȇIç א׎אד 0 INTUITIVE MACHINES IS TARGETING A 3 – 5 - YEAR GROSS MARGIN OF 52%+ │ Investor Presentation │ Source: Intuitive Machines Management estimated forecast

FINANCIAL SUMMARY בג א׎אא 0«ƺɮƺȇɖƺ…ȵȵȒȸɎɖȇǣɎɵ 2023E Revenue Opportunity ($M) ▪ Hired world class team from large cap aerospace prime specifically focused on orbital services contract with Goddard Space Flight Center to be awarded in Q1 2023 ▪ 3 CLPS contracts to be bid in 2023 provides opportunity to outperform forecast of winning 1 award 2022 Revenue Drivers ▪ Contracted (1) : Successfully landed mandates, including IM - 1, 2, 3 Nova C Lander, Axiom Subsystems, and GSMO ▪ Near Term: Probability weighted opportunities heavily linked towards government funded contracts ▪ In Development: Tangible additional revenue opportunity not linked towards government funded contracts ▪ Tier 1 subcontractor to the incumbent on multi billion dollar contract for Johnson Space Center to be awarded in late 2022 ▪ Historical precedent supports forecast of winning 1 of the 2 NASA CLPS contracts being bid in 2022 א׎אב «ƺɮƺȇɖƺ (ȸǣɮƺȸɀ !ǝƏȸɎ nƺǕƺȇƳ NEAR TERM REVENUE VISIBILTY 102 2022E Revenue $102 153 108 29 2023E Revenue ڟ אח׏ Ň  XȇɮƺɀɎȒȸ¨ȸƺɀƺȇɎƏɎǣȒȇ Ň Source: Intuitive Machines Management estimated forecast 1 Includes revenue from contracted sole source IDIQs

FINANCIAL SUMMARY 35 NEAR TERM CONTRACT Visibility Unweighted Contract Opportunity ($M) Segment Contract 100 Lunar Access Services IM - 4 (2Q 2025) - Nova C 86 Space Products xEVAS 5 Infrastructure Lunar Terrain Vehicle (LTV) - Phase 1 Unweighted Contract Opportunity ($M) Segment Contract 500 Lunar Access Services LR - 1 (4Q 2025) – Nova C 200 Lunar Access Services IM - 5 (2Q 2026) – Nova D 200 Lunar Access Services IM - 6 (2Q 2026) – Nova D 200 Lunar Access Services IM - 7 (4Q 2026) – Nova D 40 Lunar Data Services NASA NSN Backup Services 719 Orbital Services OMES 700 Space Products ESES 1,500 Infrastructure FSP – Phase 2 75 Infrastructure Nuclear Thermal Propulsion (NTP) Phase 2 20 Infrastructure NextSTEP A – Habitation Systems – Phase 2 Total 2022 Contract Opportunity ڟ ׏ח׏ x א׎אא 0!ȒȇɎȸƏƬɎ àǣɀǣƫǣǼǣɎɵ 2023E Contract Visibility Total 2023 Contract Opportunity $4,154M │ Investor Presentation │

2.8x 7.2x 2.0x אِב ɴ וِה ɴ 33.4x 4.7x 1.1x 4.3x 1.9x 1.0x דِב ɴ חِ׎ ɴ 1.5x FINANCIAL SUMMARY Comparables summary – Valuation 36 EV / Rev (23E) Mean: 9.5x ³ȒɖȸƬƺيIƏƬɎ³ƺɎƏɀȒǔ ח ٖ ׏ג ٖ א׎אא ًáƏǼǼ³ɎȸƺƺɎ«ƺɀƺƏȸƬǝًXȇɎɖǣɎǣɮƺxƏƬǝǣȇƺɀxƏȇƏǕƺȅƺȇɎƺɀɎǣȅƏɎƺƳǔȒȸƺƬƏɀɎً!ƏǼƺȇƳƏȸǣɿƺƳ0ɀɎǣȅƏɎƺɀ 0àٖ«ƺɮ٢ אג 0٣ Mean: 3.8x │ Investor Presentation │

ڟ וב $130 $1,770 $41 $62 $3 $7 ڟ אח׏ ڟ אדג $1,961 $284 $323 $24 $276 $759 ڟ גאב ڟ אً׏׎ד $665 $468 $90 $890 $102 $182 ڟ ׏ًז׎ז ڟ חב $228 $1 $36 FINANCIAL SUMMARY Comparables summary – Operating metric 37 «ƺɮ٢ אב 0٣ «ƺɮ٢ אג 0٣ 185% 40% 8% 206% 41% NM 667% 161% 66% 7% 134% 45% 270% 222% YoY Growth YoY Growth │ Investor Presentation │ Source: FactSet as of 9/14/2022, Wall Street Research, Intuitive Machines Management estimated forecast, Calendarized Estimat es Rev (21A) Rev (22E) 64% 16% 3% 64% 77% NM 92% 41% 40% 2% 127% 267% NM 387% çȒçJȸȒɯɎǝ çȒçJȸȒɯɎǝ ($M)

A RARE opportunity to invest in a category - defining company within the new space economy 38 National Security Imperative that mandates government customer demand in this market With The Team, Technology, Facilities, and Supply C hain to seize a great economic opportunity ³ǣǕȇǣ˾ƬƏȇɎÈȵɀǣƳƺ¨ȒɎƺȇɎǣƏǼ ǔȸȒȅƳǣɮƺȸɀƺȸƺɮƺȇɖƺɀɎȸƺƏȅɀƏȇƳ ƬȒȅȅƺȸƬǣƏǼǕȸȒɯɎǝȒȵȵȒȸɎɖȇǣɎǣƺɀ ¨ȸȒIȒȸȅƏ0ȇɎƺȸȵȸǣɀƺ  àƏǼɖƏɎǣȒȇƏɎ۞ں ױת׮ x ٦ ǣȅȵǼɵǣȇǕ ׫٫ױ æ0àٱ ׫ש׫׬ 0 ȸƺɮƺȇɖƺȅɖǼɎǣȵǼƺȵȸȒɮǣƳƺɀ ƬȒȅȵƺǼǼǣȇǕƳǣɀƬȒɖȇɎȸƺǼƏɎǣɮƺɎȒȵƺƺȸɀ First Mover, Generating Revenue Today in a new category with a large, untapped addressable market │ Investor Presentation │

Our limited operating history makes it difficult to evaluate our future prospects and the risks and challenges we may encounter . If we fail to manage our growth effectively, we may be unable to execute our business plan and our business, results of operations, and financial condition could be harmed . Competition from existing or new companies could cause us to experience downward pressure on prices, fewer customer orders, reduced margins, the inability to take advantage of new business opportunities, and the loss of market share . A pandemic outbreak of a novel strain of coronavirus, also known as COVID - 19 , has disrupted and may continue to adversely affect our business operations and our financial results . Unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities could have a material adverse effect on our business, financial condition and results of operation . The market for commercial human spaceflight has not been established with precision . It is still emerging and may not achieve the growth potential we expect or may grow more slowly than expected . Due to the inherent risks associated with commercial spaceflight, there is the possibility that any accident or catastrophe could lead to the loss of human life or a medical emergency . We may experience a total loss of our technology and products and our customers’ payloads if there is an accident on launch or during the journey into space, and any insurance we have may not be adequate to cover our loss . Space is a harsh and unpredictable environment where our products and service offerings are exposed to a wide and unique range of environmental risks, which could adversely affect our launch vehicle and spacecraft performance . The release, unplanned ignition, explosion, or improper handling of dangerous materials used in our business could disrupt our operations and adversely affect our financial results . We rely on a limited number of suppliers for certain materials and supplied components . We may not be able to obtain sufficient materials or supplied components to meet our manufacturing and operating needs, or obtain such materials on favorable terms . Our revenue, results of operations and reputation may be negatively impacted if our products contain defects or fail to operate in the expected manner . Our business with various governmental entities is subject to the policies, priorities, regulations, mandates and funding levels of such governmental entities and may be negatively or positively impacted by any change thereto . The U . S . government’s budget deficit and the national debt, as well as any inability of the U . S . government to complete its budget process for any government fiscal year could have an adverse impact on our business, financial condition, results of operations and cash flows . We are subject to stringent U . S . export and import control laws and regulations and U . S . economic sanctions and trade control laws and regulations Summary Risk Factors 39 │ Investor Presentation │

áƺ  ƳƺȵƺȇƳ  ɀǣǕȇǣ˾ƬƏȇɎǼɵ  Ȓȇ  È ٫ ³ ٫  ǕȒɮƺȸȇȅƺȇɎ  ƬȒȇɎȸƏƬɎɀ٦  ɯǝǣƬǝ  ȒǔɎƺȇ  Əȸƺ  ȒȇǼɵ  ȵƏȸɎǣƏǼǼɵ  ǔɖȇƳƺƳ٦  ɀɖƫǴƺƬɎ  ɎȒ  ǣȅȅƺƳǣƏɎƺ  ɎƺȸȅǣȇƏɎǣȒȇ٦  ƏȇƳ  ǝƺƏɮǣǼɵ  ȸƺǕɖǼƏɎƺƳ  ƏȇƳ  ƏɖƳǣɎƺƳ ٫  Áǝƺ  ɎƺȸȅǣȇƏɎǣȒȇ  Ȓȸ  ǔƏǣǼɖȸƺ  ɎȒ  ǔɖȇƳ٦  Ȓȸ  ȇƺǕƏɎǣɮƺ  ƏɖƳǣɎ  ˾ȇƳǣȇǕɀ  ǔȒȸ٦  Ȓȇƺ  Ȓȸ  ȅȒȸƺ  Ȓǔ  Ɏǝƺɀƺ  ƬȒȇɎȸƏƬɎɀ  ƬȒɖǼƳ  ǝƏɮƺ  Əȇ  ƏƳɮƺȸɀƺ  ǣȅȵƏƬɎ  Ȓȇ  Ȓɖȸ  ƫɖɀǣȇƺɀɀ٦  ˾ȇƏȇƬǣƏǼ  ƬȒȇƳǣɎǣȒȇ٦  ȸƺɀɖǼɎɀ  Ȓǔ  ȒȵƺȸƏɎǣȒȇɀ  ƏȇƳ  ƬƏɀǝ  ˿Ȓɯɀ ٫ ÈȇƬƺȸɎƏǣȇ  ǕǼȒƫƏǼ  ȅƏƬȸȒ ډ ƺƬȒȇȒȅǣƬ  ƏȇƳ  ȵȒǼǣɎǣƬƏǼ  ƬȒȇƳǣɎǣȒȇɀ  ƬȒɖǼƳ  ȅƏɎƺȸǣƏǼǼɵ  ƏƳɮƺȸɀƺǼɵ  ƏǔǔƺƬɎ  Ȓɖȸ  ȸƺɀɖǼɎɀ  Ȓǔ  ȒȵƺȸƏɎǣȒȇɀ  ƏȇƳ  ˾ȇƏȇƬǣƏǼ  ƬȒȇƳǣɎǣȒȇ ٫ …ɖȸ  ƫɖɀǣȇƺɀɀ  ǣɀ  ɀɖƫǴƺƬɎ  ɎȒ  Ə  ɯǣƳƺ  ɮƏȸǣƺɎɵ  Ȓǔ  ƺɴɎƺȇɀǣɮƺ  ƏȇƳ  ƺɮȒǼɮǣȇǕ  ǕȒɮƺȸȇȅƺȇɎ  ǼƏɯɀ  ƏȇƳ  ȸƺǕɖǼƏɎǣȒȇɀ ٫  IƏǣǼɖȸƺ  ɎȒ  ƬȒȅȵǼɵ  ɯǣɎǝ  ɀɖƬǝ  ǼƏɯɀ  ƏȇƳ  ȸƺǕɖǼƏɎǣȒȇɀ  ƬȒɖǼƳ  ǝƏɮƺ  Ə  ȅƏɎƺȸǣƏǼ  ƏƳɮƺȸɀƺ  ƺǔǔƺƬɎ  Ȓȇ  Ȓɖȸ  ƫɖɀǣȇƺɀɀ ٫ …ɖȸ  ǣȇƳƺƫɎƺƳȇƺɀɀ  ƬȒɖǼƳ  ƺɴȵȒɀƺ  ɖɀ  ɎȒ  ȸǣɀǸɀ  ɎǝƏɎ  ƬȒɖǼƳ  ƏƳɮƺȸɀƺǼɵ  ƏǔǔƺƬɎ  Ȓɖȸ  ƫɖɀǣȇƺɀɀ٦  ˾ȇƏȇƬǣƏǼ  ƬȒȇƳǣɎǣȒȇ  ƏȇƳ  ȸƺɀɖǼɎɀ  Ȓǔ  ȒȵƺȸƏɎǣȒȇɀ ٫ …ɖȸ  ƏƬɎɖƏǼ  ȒȵƺȸƏɎǣȇǕ  ȸƺɀɖǼɎɀ  ȅƏɵ  Ƴǣǔǔƺȸ  ɀǣǕȇǣ˾ƬƏȇɎǼɵ  ǔȸȒȅ  Ȓɖȸ  ǕɖǣƳƏȇƬƺ ٫ …ɖȸ  ˾ȇƏȇƬǣƏǼ  ȸƺɀɖǼɎɀ  ȅƏɵ  ɮƏȸɵ  ɀǣǕȇǣ˾ƬƏȇɎǼɵ  ǔȸȒȅ  ȷɖƏȸɎƺȸ  ɎȒ  ȷɖƏȸɎƺȸ ٫ !ǝƏȇǕƺɀ  ǣȇ  Ȓɖȸ  ƏƬƬȒɖȇɎǣȇǕ  ƺɀɎǣȅƏɎƺɀ  ƏȇƳ  ƏɀɀɖȅȵɎǣȒȇɀ  ƬȒɖǼƳ  ȇƺǕƏɎǣɮƺǼɵ  ƏǔǔƺƬɎ  Ȓɖȸ  ˾ȇƏȇƬǣƏǼ  ȵȒɀǣɎǣȒȇ  ƏȇƳ  ȸƺɀɖǼɎɀ  Ȓǔ  ȒȵƺȸƏɎǣȒȇɀ ٫ 4VNNBSZ
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