← Back to browse

Intuitive Machines

by Steve Altemusvia How I Built This
Hardwareothermarket-gap
See all Hardware companies using other
Growthother

Intuitive Machines is a hardware company founded by Steve Altemus focused on developing commercial spacecraft to reach the moon. The company addresses resource scarcity and environmental challenges by exploring the logistics and economics of lunar operations. Steve Altemus emphasizes embracing failure as a critical component of advancing hard technological problems in the emerging commercial space industry.

Why They Built It

To address resource scarcity and environmental concerns by enabling commercial spacecraft operations to the moon, leveraging cosmic resources as a solution to Earth's resource extraction challenges.

Similar Companies

Plunge

$10.0M/mo

Plunge is a hardware company that manufactures and sells at-home cold plunge devices. Founded in 2020 by Ryan Duey and Michael after their brick-and-mortar float therapy and sauna businesses were impacted by COVID, the company grew from $270k in first-year revenue to $120M+ ARR in four years. Their success is driven by influencer gifting, organic word-of-mouth, and highly efficient paid advertising (7-10x ROAS on Facebook and Google).

Hive Blockchain

$2.5M/mo

Hive Blockchain is a digital currency mining company founded by Harry Pochgranti that validates cryptocurrency transactions on blockchain networks, primarily Ethereum. The company went public on the TSX Venture Exchange in September 2017, raising $17 million on day one followed by additional equity raises totaling approximately $200 million Canadian by end of 2017. As of Q1 2018, Hive operates mining facilities in Iceland and Sweden with a $30 million annualized run rate revenue.

Collective

$1.0M/mo

Collective raised $50M in funding to compete with HR and business management platforms like Rippling and ZenBusiness. The company has achieved approximately $1M MRR, indicating strong product-market fit and growth trajectory in the HR/business operations space.

Event SaaS

$500k/mo

Event SaaS is a SaaS platform that has achieved significant growth, reaching $6M in annual recurring revenue with 100% year-over-year growth. The company raised $28M in funding at a $128M valuation, demonstrating strong market traction and investor confidence.

Investor Database

$400k/mo

An investor database SaaS that serves 400 paying firms at $1k/month each, generating approximately $4.8M ARR. The company is bootstrapped and growing at 100% year-over-year, demonstrating strong product-market fit in the B2B data space.