XML 53 R40.htm IDEA: XBRL DOCUMENT v3.23.3
Summary of Significant Accounting Policies (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Feb. 13, 2023
USD ($)
Sep. 16, 2022
USD ($)
May 31, 2023
USD ($)
shares
Feb. 13, 2023
shares
Sep. 16, 2022
USD ($)
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Feb. 14, 2023
$ / shares
May 25, 2021
Summary of Significant Accounting Policies (Details) [Line Items]                          
Number of operating segment               1          
Number of reportable segment               1          
Federal deposit insurance corporation insurance limits (in Dollars)           $ 250,000   $ 250,000          
Revenue percentage           10.00%   10.00%   10.00%      
Cash and cash equivalents (in Dollars)           $ 39,100,000   $ 39,100,000          
Working capital deficit (in Dollars)           58,100,000   58,100,000          
Proceeds from acquisition of business (in Dollars) $ 34,100,000                        
Common stock amount (in Dollars)   $ 50,000,000                      
Cash (in Dollars)           12,700,000   12,700,000          
Amount of forward purchase agreement termination (in Dollars)               16,100,000          
Prepaid expenses (in Dollars)                   $ 5,300,000      
Additional paid in capital (in Dollars)               24,400,000          
Transaction costs (in Dollars)               9,400          
Remaining earn out units fair value (in Dollars)           55,254,000   55,254,000        
Recognized change in fair value (in Dollars)           $ (28,756,000)   $ (25,030,000)        
Common stock, issued (in Shares) | shares                   122,505,500 122,500,000    
TaxReceivableAgreementPercentOfCashTaxSavingsRequiredToBePaid           85.00%   85.00%          
Common stock, par value (in Dollars per share) | $ / shares                   $ 0.00001 $ 0.00001    
Description of unit split                         in accordance with the amended and restated limited liability company agreement of IM, Class A Unit Interests increased by a multiple of one hundred thousand (100,000) or 1 to 100,000 unit (the “Unit Split”). The Class A members and their respective unit interests uniformly increased. Unless otherwise indicated, all share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the Unit Split.
Annual goods percentage                   10.00%      
Accounts payable balance percentage                   21.00%      
Cash and cash equivalents (in Dollars)                   $ 25,800,000      
Working capital deficit (in Dollars)                   53,500,000      
Gross proceeds (in Dollars)                   34,100,000      
Counterparty purchase amount (in Dollars)                   50,000,000      
Income tax benefit (in Dollars)           $ (3,528,000) $ 354,000 $ (313,000) $ 355,000 $ (23,000) $ 2,000    
Vesting term                   5 years      
Intuitive Machines, LLC [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Remaining earn out units fair value (in Dollars)           $ 99,700,000   $ 99,700,000          
Common stock, issued (in Shares) | shares           68,150,754   68,150,754          
Noncontrolling interest, ownership percentage by parent           18.80%   18.80%          
Remaining interest rate           81.50%   81.50%          
Intuitive Machines LLC Prior Investors [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Remaining interest rate           81.20%   81.20%          
Intuitive Machines, Inc [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Noncontrolling interest, ownership percentage by parent           18.50%   18.50%          
Maximum [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Revenue percentage           55.00%   55.00%          
Accounts payable balance percentage                     17.00%    
Minimum [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Revenue percentage           50.00%   50.00%          
Accounts payable balance percentage                     13.00%    
U.S. Federal [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Income tax benefit (in Dollars)                   $ 23,000      
Income tax expense (in Dollars)                   $ 2,000      
Stock Purchase Agreement [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Common stock amount (in Dollars) $ 50,000,000                        
Class C Common Stock [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Issuance of stock shares (in Shares) | shares     2,500,000 68,140,188                  
Fair value (in Dollars)     $ 19,400,000                    
Common stock, issued (in Shares) | shares           70,640,188   70,640,188          
Common stock, par value (in Dollars per share) | $ / shares           $ 0.0001   $ 0.0001          
Class A Common Stock [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Common stock amount (in Dollars)         $ 50,000,000                
Common stock, issued (in Shares) | shares           17,301,489   17,301,489          
Common stock, par value (in Dollars per share) | $ / shares           $ 0.0001   $ 0.0001       $ 0.0001  
Class B Common Stock [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Issuance of stock shares (in Shares) | shares       10,566                  
Common stock, issued (in Shares) | shares           10,566   10,566          
Common stock, par value (in Dollars per share) | $ / shares           $ 0.0001   $ 0.0001          
Customer One [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               74.00%          
Total revenue percentage                   83.00% 83.00%    
Customer One [Member] | Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage             67.00%            
Customer One [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               30.00%          
Customer Two [Member] | Maximum [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               5.00%          
Total revenue percentage                   35.00% 40.00%    
Customer Two [Member] | Minimum [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Total revenue percentage                   14.00% 30.00%    
Customer Two [Member] | Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage             70.00%            
Customer Two [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               18.00%   35.00%      
Customer Three [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               14.00%   14.00%      
Customer Four [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               13.00%          
Customer Five [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               12.00%          
One major supplier [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Total goods and services purchased                   63.00% 42.00%    
Major suppliers [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               10.00%          
Supplier One [Member] | Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage           5.00% 68.00% 34.00% 84.00%        
Supplier One [Member] | Accounts Payable Benchmark [Member] | Supplier Concentration Risk [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Concentration risk, percentage               7.00%   21.00%      
Space Network Solutions, LLC [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Income tax expense (in Dollars)                   $ 0 $ 0    
Earn-Out Liabilities [Member]                          
Summary of Significant Accounting Policies (Details) [Line Items]                          
Recognized change in fair value (in Dollars)               $ 25,000,000