Moon Express loses lawsuit by subcontractor
echo do_shortcode( '[xyz-ihs snippet="post-header-html-snippet"]' ); ?>
Intuitive Machines further claimed that Moon Express’s failure to pay harmed its business. The jury found in favor of Intuitive Machines and awarded the company $1.125 million in cash and $2.5 million in Moon Express equity related to the flight software claim. The jury also awarded Intuitive Machines $732,000 related to its work on the terrestrial return vehicle.
The importance of this story is that it suggests that Moon Express lacks sufficient capital to do what it claims. The decision further robs it of more capital.
Now it could be that Moon Express stopped paying because Intuitive Machines was not delivering good product, as Moon Express claims. The jury did not agree with this claim, however. I do wonder if the jury was sufficiently educated about the product itself.