Intuitive Machines má u NASA sedm lunárních, orbitálních satelitních a vědeckých misí a backlog na konci 2. čtvrtletí 2026 vzrostl na 1,8 miliardy USD, téměř dvojnásobek plánovaných výnosů za rok 2026 ve výši 918 milionů USD.
Intuitive Machines (LUNR +0.95%), a developer of lunar landers and exploration vehicles, doesn't usually get as much attention as bigger space stocks like SpaceX (SPCX -1.07%). But over the past two years, Intuitive's stock has nearly tripled.
Most of that rally was driven by the expansion of its partnership with NASA, which now includes seven lunar, orbital satellite, and science missions. Let's take a closer look at that manifest -- and see if its stock is still worth chasing after its astronomical gains.
Image source: Getty Images.
Why is Intuitive Machine's stock blasting off? Intuitive Machines' manifest for NASA includes five lunar surface delivery missions (IM-1 to IM-5) and the production of two satellite buses (IM 300 and IM 500) for orbital science missions.
It has launched two lunar lander missions for NASA so far: IM-1 in 2024 and IM-2 in 2025. Both landers tipped over after arriving on the moon, but they successfully transmitted some data back to NASA before their solar panels ran out of power. Though imperfect, IM-1 marked NASA's first successful moon landing since 1972, and it strengthened Intuitive's relationship with NASA.
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Intuitive plans to launch IM-3 in late 2026, IM-4 in 2027, and its larger IM-5 lander in 2030. It expects to launch its IM 300 satellite bus for NASA's geological and biological experiments in 2028, and its IM 500 satellite bus to study ice sheets, forests, and inland water in 2030.
Intuitive's orders from NASA, along with its commercial and defense contracts, boosted its backlog to $1.8 billion at the end of the second quarter of 2026. That's nearly double its projected 2026 revenue of $918 million. Its recent acquisitions of Lanteris, which develops satellites and other spacecraft, and Goonhilly Earth Station, a satellite and deep-space communications facility, should further diversify its business and fuel its long-term growth.
Is Intuitive's stock worth buying today? From 2026 to 2028, analysts expect Intuitive's revenue to grow at a 16% CAGR to $1.23 billion as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surges from less than $3 million to $79 million. With an enterprise value of $2.62 billion, it still looks reasonably valued at two times next year's sales and 47 times its adjusted EBITDA.
Therefore, Intuitive could attract more attention if it sticks to its scheduled launches and secures more contracts with NASA, the Department of Defense, and commercial customers. Investors who accumulate it today could reap some big gains in the future.
Intuitive Machines získala zakázku na stavbu dvou platforem IM 300 pro nového, nezveřejněného zákazníka. Podle firmy jde o potvrzení poptávky po modulárních satelitních platformách s rychlým dodáním.
HOUSTON, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) ("Intuitive Machines," and together with its subsidiaries, the "Company"), a leading space technology, infrastructure, and services company, announced today that it has been awarded a contract to build two IM 300™ series platforms for a new, undisclosed customer.
Rendering of the IM 300™ Platform
The award marks the addition of a new market segment of customers for the IM 300 base and reflects continued demand for spacecraft platforms that can be configured to a specific mission and delivered on compressed timelines.
“This contract demonstrates that the IM 300 can serve multiple missions with various customers. The modularity of the IM 300 enabled us to scale its capability to support a heavier, higher-power payload class," said Chris Johnson, President of Intuitive Machines Space Systems.
A platform built for mission flexibility
The IM 300 is the proliferated platform in the Company's satellite product line and is engineered around a modular architecture that allows the same core bus to support substantially different payloads and mission profiles.
Platform capabilities include:
Proliferated-architecture ready. Low unit mass allows multiple spacecraft to be manifested on a single launch, lowering the cost of deploying and replenishing a constellation.High power in a lightweight structure. The IM 300 is designed to carry a relatively heavy payload on a low-mass bus, with power capability at the top of its class.Scalable payload accommodation. Standardized interfaces support commercial, civil, and national security payloads across all mission sets.Optical and RF crosslinks. The platform supports both optical and radio frequency inter-satellite links, enabling operation as a networked constellation node rather than a standalone asset.Configurable propulsion. Customers can select chemical or electric propulsion depending on orbit, maneuvering requirements, and mission duration. Manufactured at rate
The IM 300 is produced at the Company's high-volume satellite production facility in Palo Alto, California, which was purpose-built for serial spacecraft manufacturing rather than one-off builds. That infrastructure, combined with a qualified supplier base, is what allows Intuitive Machines to accept new orders without disrupting existing customer schedules.
About Intuitive Machines
Intuitive Machines is a next-generation space infrastructure company delivering integrated capabilities across spacecraft manufacturing, communications, networks, mission operations, and ground infrastructure to build, connect, and operate systems across Earth orbit, cislunar space, and deep space. Serving commercial, civil, and national security customers, Intuitive Machines is focused on enabling resilient, scalable infrastructure for sustained operations in space.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations and plans relating to our lunar missions and satellites, including the expected timing of building our satellites and landers, launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government and commercial contracts awarded to us; our operations, including our performance on future lunar missions, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; information regarding our expectations on revenue generation and cash. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
Intuitive Machines vykázala rekordní tržby ve 2. čtvrtletí ve výši 206,2 mil. USD a backlog vzrostl na 1,8 mld. USD. Růst táhly komerční objednávky, včetně kontraktu za více než 600 mil. USD na tři GEO satelity.
Key Takeaways Intuitive Machines posted record Q2 revenues of $206.2M as backlog surged to $1.8B.Commercial bookings and awards are accelerating, including a $600M-plus contract for three GEO satellites.National security revenues rose to 30% of Q2 revenues, with an 18-spacecraft award boosting growth prospects. Intuitive Machines, Inc. (LUNR - Free Report) is increasingly positioning itself as a broader space infrastructure company rather than a mere lunar-lander developer. The company generated record second-quarter revenues of $206.2 million, driven by spacecraft manufacturing, NASA’s Commercial Lunar Payload Services (“CLPS”), National Security Space and other space programs. Backlog reached $1.8 billion, up approximately $1.5 billion from year-end 2025, providing a substantial foundation for future revenue growth.
Commercial demand is becoming an important growth driver. Intuitive Machines signed a contract worth more than $600 million for three commercial GEO satellites, while second-quarter bookings totaled $920 million. The company also received an additional $300 million in awards in the third quarter to date, demonstrating continued momentum across commercial, civil, and national security customers.
National security is another increasingly important opportunity. National security revenues grew from just 3% of revenues in second-quarter 2025 to 30% in second-quarter 2026. The company expects further growth following an award for 18 spacecraft to support the AMDT3 Golden Dome constellation. Intuitive Machines also secured a U.S. Space Force Andromeda IDIQ contract with a $6.24 billion ceiling, expanding its potential addressable market.
LUNR is developing the capabilities needed to support a more persistent lunar economy, including lunar data relay and navigation services. Its broader strategy is to build an integrated space infrastructure platform that can serve NASA, defense customers and commercial operators. If these capabilities gain wider adoption, Intuitive Machines could generate more recurring and diversified revenues beyond individual lunar missions, potentially strengthening the long-term value of its growing backlog.
Companies Benefiting From the Space Infrastructure TrendThe broader space-infrastructure opportunity also benefits companies such as Rocket Lab Corporation (RKLB - Free Report) and Redwire Corporation (RDW - Free Report) , each of which is positioned across different parts of the growing space ecosystem.
Rocket Lab provides launch services as well as satellites, spacecraft components and other space systems, giving it exposure to rising demand for both commercial and government missions. Redwire focuses on space infrastructure and technologies used for satellites, in-space manufacturing and national security applications.
LUNR Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 earnings per share (EPS) implies a decrease of 57.14% year over year, while that for 2027 EPS suggests an increase of 52.19%.
Image Source: Zacks Investment Research
LUNR Stock Trades at a PremiumIn terms of valuation, LUNR’s forward 12-month price-to-sales (P/S) is 4.14X, a premium to the industry’s average of 2.65X.
Image Source: Zacks Investment Research
LUNR Stock’s Price PerformanceIn the past six months, the company’s shares have risen 10% against the industry’s 6.3% decline.
Image Source: Zacks Investment Research
LUNR’s Zacks RankThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
U.S. Space Force přidělila kontrakt NITE-STAR za 981 milionů USD více než desítce vesmírných firem včetně Rocket Lab, Redwire a Boeing. Zakázka běží 10 let a sama o sobě podle článku nestačí k obratu v sektoru.
"Led" (in a bad way) by Space Exploration Technologies (SPCX +4.45%), the space titan built by Elon Musk and IPOed on June 12, shares of space stocks of all stripes have taken a beating over the past couple of months.
Take Rocket Lab (RKLB +2.28%) for example. The space company, often described as a mini-SpaceX, surged from below $5 in May 2024 to more than $140 in May 2026 -- a thirtyfold rise in just two years. Then it plunged more than 50% after the SpaceX IPO.
Or consider AST SpaceMobile (ASTS +0.23%), the satellite communications pioneer that proved the concept of cell phone-to-cell phone communications via satellite, with no towers in between. That one rose nearly twelvefold over the same two-year period -- then gave back 20% in the month following SpaceX's titanic IPO.
More targeted space plays such as Redwire Corporation (RDW -1.25%), which builds space infrastructure, and Intuitive Machines (LUNR +7.21%), focused on delivering cargo to the moon, gained fourfold in two years and nearly eightfold, respectively, before falling each falling roughly 70% in a month.
Can they bounce back?
Image source: Getty Images.
SpaceX leads; others follow Even SpaceX hasn't gone unscathed. After a first few frenzied days of trading that lifted Elon Musk's space empire past $211 a share, sellers arrived in force at SpaceX, driving the shares down nearly into the double digits.
The good news is that SpaceX appears to have found its footing again, closing at $140 Friday and once again above its IPO price. The better news is that many other space stocks are recovering, at least somewhat, alongside the leader.
The best news of all is that, with the U.S. government continuing to pour money into space exploration, there's reason to believe the momentum is sustainable.
NITE-STAR gazing Case in point: Late last month, the U.S. Space Force announced a $981 million award to be shared among more than a dozen separate space stocks working on the "National Space Test and Training Complex Innovative Technology and Engineering Space Test and Range Capability Development" -- dubbed "NITE-STAR."
(Someone clearly worked overtime trying to make those words fit that acronym.)
Space Force named the following 15 space companies -- 13 of which are publicly traded -- as winners of NITE-STAR, clearing them to bid on future task orders under the umbrella contract, which will span 10 years:
Amentum Holdings (AMTM -4.84%) BAE Systems (BAESY -1.37%) Boeing (BA -2.47%) CACI (CACI -3.16%) Firefly Aerospace (FLY +1.91%) L3Harris Technologies (LHX -4.61%) Lockheed Martin (LMT -2.45%) Northrop Grumman (NOC -2.67%) Pacific Crest Alliance Parsons Corporation (PSN -4.47%) Redwire Rocket Lab Sierra Space Corp. Viasat (VSAT -1.76%) York Space Systems (YSS -2.47%) It's not entirely clear what NITE-STAR will entail. The Space Force itself might not be 100% certain, describing the contract's goal vaguely as "advancement of the sophisticated systems and technologies required to keep [Space Force servicemen known as] Guardians ahead of the complexities of a contested space domain."
More importantly for investors, it's less than 100% certain anyone on the above list will book significant, needle-moving wins -- even on this nearly $1 billion contract.
What it means for space investors Consider that $981 million, spread over 10 years, works out to just $98.1 million per year. And if contracts are evenly distributed, each of the 15 companies might, on average, expect to book as little as $6.5 million per year under the contract.
It goes without saying that $6.5 million won't move the needle for giant space companies such as Boeing, Lockheed, Northrop, or L3Harris. Smaller space-fry such as Firefly, Redwire, or York Space might notice the revenue influx more. But even at York, $6.5 million extra per year will only add about 1.5% to the company's $405 million-a-year revenue stream.
In short, big as this contract appears on the surface, it's not -- in and of itself -- going to be enough to turn things around and start a new bull market in space stocks. Many more contracts, and many much larger contracts, will be needed for that.
Meanwhile, a survey of 15 of the biggest space stocks that I follow shows an average price-to-sales ratio of 65.4. (Even throwing out triple-digit P/S outliers such as AST and Virgin Galactic (SPCE -5.72%) only brings the average P/S down to 19.8.) Valuations remain extreme in this sector.
Investors should be wary. Even after some pretty historic declines, space stocks as a whole aren't yet cheap enough to guarantee a bounce-back.
Rich Smith has positions in Intuitive Machines and Rocket Lab. The Motley Fool has positions in and recommends AST SpaceMobile, Amentum, Boeing, Firefly Aerospace, Intuitive Machines, L3Harris Technologies, Rocket Lab, and York Space Systems. The Motley Fool recommends BAE Systems and Lockheed Martin. The Motley Fool has a disclosure policy.
HOUSTON, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) ("Intuitive Machines," and together with its subsidiaries, the "Company"), a leading space technology, infrastructure, and services company, today announced that it has been selected by NASA's Jet Propulsion Laboratory in Southern California to provide the spacecraft platform, system-level integration, and mission solutions for EAGLE-VSWIR, an Earth observation mission under NASA's Earth Science Division.
Rendering of EAGLE-VSWIR on the IM 300TM spacecraft
EAGLE-VSWIR (Explorer for Artemis Geology, Lunar, and Earth – Visible to Shortwave Infrared) will fly on the IM 300TM spacecraft bus and is targeted for launch in 2028. The mission will be equipped with a hyperspectral visible to shortwave infrared (VSWIR) instrument designed to perform surface biology and geology observations from Earth orbit while demonstrating technologies that could support future lunar and Mars exploration missions.
The award marks the second NASA low Earth orbit science mission Intuitive Machines is supporting. As discussed on a previous earnings call, Intuitive Machines was selected to provide an IM 500 spacecraft bus and system-level integration for NASA's EDGE (Earth Dynamics Geodetic Explorer) mission, managed by NASA's Goddard Space Flight Center and led by Principal Investigator Dr. Helen Amanda Fricker of the Scripps Institution of Oceanography at the University of California San Diego.
"NASA's science missions are being asked to deliver faster and inside tighter cost caps, and that is exactly the problem our platforms solve," said Anand Mahendra, Chief Growth Officer, Intuitive Machines. "Our Build, Connect, Operate model puts spacecraft manufacturing at scale behind Intuitive Machines' mission systems and integration expertise. Earth science is a natural extension of the same capability we bring to our commercial, civil, and national security customers."
Under the agreement, Intuitive Machines will deliver the IM 300 spacecraft platform, perform system-level integration of the VSWIR instrument developed at JPL in support of the EAGLE-VSWIR mission, as well as manage the Mission Operations and Ground Segment scope. The Company's spacecraft platforms and mission integration capabilities enable rapid, cost-effective delivery of science missions for civil, national security, and commercial customers. The IM 300 series platform has customers across national security and civil programs.
About Intuitive Machines
Intuitive Machines is a next-generation space infrastructure company delivering integrated capabilities across spacecraft manufacturing, communications, networks, mission operations, and ground infrastructure to build, connect, and operate systems across Earth orbit, cislunar space, and deep space. Serving commercial, civil, and national security customers, Intuitive Machines is focused on enabling resilient, scalable infrastructure for sustained operations in space.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations and plans relating to our lunar missions and satellites, including the expected timing of building our satellites and landers, launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government and commercial contracts awarded to us; our operations, including our performance on future lunar missions, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; information regarding our expectations on revenue generation and cash. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) ("Intuitive Machines," and together with its subsidiaries, the "Company"), a leading space technology, infrastructure, and services company, announced it has received an authorization to proceed from an undisclosed customer to begin work on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million.
IM 1300TM rendering
Under the agreement, Intuitive Machines will leverage its satellite communications expertise and industry-leading IM 1300TM satellite platform to design, manufacture, integrate, and support multiple spacecraft for a critical communications infrastructure mission. Additional program details remain confidential at the customer's request.
"This program reflects the trust customers place in partners who can execute complex space missions with precision, reliability, and schedule discipline," said Chris Johnson, President of Intuitive Machines Space Systems. "Our team is committed to delivering high-performance spacecraft while working closely with our customer throughout every phase of the program — from design and manufacturing through mission delivery. We are proud to support a mission that advances critical communications infrastructure and delivers long-term value for our customer."
"Winning this multi-satellite procurement is an important milestone for Intuitive Machines and reflects the confidence our customers place in our ability to deliver high-performance spacecraft for a broad range of mission needs," said Steve Altemus, Chief Executive Officer of Intuitive Machines. "Today, Intuitive Machines is executing programs across commercial, civil, and national security space markets, and awards like this reinforce both the strength of our diversified business and the growing demand for our space infrastructure capabilities. Our strategy is to build, connect, and operate the critical infrastructure that enables the next generation of space operations. With decades of experience in spacecraft design, manufacturing, communications, and mission operations, we are delivering capabilities our customers need today while creating the foundation for the future space economy."
This award further demonstrates Intuitive Machines' ability to deliver complex spacecraft and infrastructure solutions for customers across commercial, civil, and national security space markets through its integrated build, connect, and operate strategy.
The Company builds mission-critical spacecraft, systems, and infrastructure; connects those assets through resilient communications and navigation networks; and operates them as long-duration services that create enduring value for customers. Increasingly, these are not separate businesses, but successive layers of a single infrastructure strategy—designing and manufacturing space systems, connecting them into resilient networks, and operating them as long-term services.
Each new mission strengthens this integrated approach, expanding Intuitive Machines' ability to support customers throughout the mission lifecycle while reinforcing its position as a trusted provider of commercial, civil, and national security space infrastructure. As demand for resilient space capabilities continues to grow, the Company remains focused on building the enduring infrastructure that will power the next generation of space exploration and the space economy.
About Intuitive Machines
Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure-as-a-service for commercial, civil, and national security customers. With a proven track record across the space domain, the Company, through organic growth and portfolio expansion, has built over 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system.
These capabilities form an integrated Built-Connect-Operate infrastructure service company, enabling customers to achieve mission and campaign outcomes through a single prime solution. Intuitive Machines’ technology has been demonstrated across the space domain and is engineered to support the next century of opportunity in space.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations and plans relating to our missions and satellites, including the expected timing of building our satellites, launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for ATP awards and contracts awarded to us; our operations, including our performance on future missions, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; information regarding our expectations on revenue generation and cash. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data.
Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
Intuitive Machines za poslední týden tiše vzrostla o více než 20 %. Firma zároveň hlásí backlog ve výši 1,8 miliardy USD a očekává růst tržeb i kladnou EBITDA v roce 2026.
Intuitive Machines (LUNR -1.45%), a developer of lunar landers and exploration vehicles, went public through a merger with a special purpose acquisition company (SPAC) in Feb. 2023. Its stock started trading at $10 and closed at a record high of $81.99 just a few days later.
At its peak, Intuitive Machines' market cap reached $1.48 billion, which was nearly 19 times the $80 million in revenue it would generate in 2023. That frothy valuation set it up for a steep pullback as investors fretted over its dilutive stock offerings and persistent losses. SpaceX's (SPCX -3.57%) IPO this June also drew investors away from smaller space stocks.
That's why its stock trades at $16 today. But over the past week, its shares have quietly rallied more than 20%. Is the market finally turning bullish on this oft-overlooked stock?
Image source: Getty Images.
How fast is Intuitive Machines growing?
Intuitive Machines generates most of its revenue from its contracts with NASA. It has sent two lunar landers to NASA so far: IM-1 in 2024 and IM-2 in 2025.
IM-1 marked NASA's first successful moon landing since 1972, and it helped Intuitive secure more lunar logistics and near-space network services (NSNS) contracts from NASA. IM-1 and IM-2 weren't flawless missions, since they both tipped over after landing on the moon, but they successfully transmitted data back to Earth before their solar panels ran out of power.
Intuitive plans to launch its third and fourth lunar landers, IM-3 and IM-4, in the second half of 2026 and 2027, respectively. By the end of the second quarter of 2026, its backlog had swelled to $1.8 billion as it secured more contracts from NASA, the U.S. Space Development Agency (SDA), and the Missile Defense Agency. Its acquisitions of Lanteris, which produces satellites and other spacecraft, and Goonhilly Earth Station, a major satellite and deep-space communications facility, should further diversify its business and boost its revenue.
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Initiative Machines' revenue growth has been lumpy since its market debut, due to its dependence on milestone payments, timed missions, and acquisitions.
But from 2025 to 2028, analysts expect its revenue to grow at an 89% CAGR from $210 million to $1.41 billion. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2026 and grow at a 47% CAGR to $77 million by 2028. That growth should be driven by its IM-3 and IM-4 launches, the conversion of its growing backlog into revenue, and its expansion into the defense sector.
With an enterprise value of $2.7 billion, Intuitive looks like a bargain at less than three times this year's sales. That's probably why it's finally attracting more attention as SpaceX -- which still trades at 42 times this year's sales -- struggles to stay above its IPO price.
Intuitive Machines vykázala za čtvrtletí ztrátu 0,16 USD na akcii a tržby ve výši 206,17 milionu USD, obojí pod odhady. Akcie letos přidaly zhruba 4,4 %.
Intuitive Machines, Inc. (LUNR - Free Report) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -128.57%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.18, delivering a surprise of -157.14%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Intuitive Machines, Inc., which belongs to the Zacks Aerospace - Defense industry, posted revenues of $206.17 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 5.99%. This compares to year-ago revenues of $50.31 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Intuitive Machines, Inc. shares have added about 4.4% since the beginning of the year versus the S&P 500's gain of 13.2%.
What's Next for Intuitive Machines, Inc.?While Intuitive Machines, Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Intuitive Machines, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.06 on $248.21 million in revenues for the coming quarter and -$0.43 on $921.09 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Aerospace sector, Heico Corporation (HEI - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on August 25.
This company is expected to post quarterly earnings of $1.50 per share in its upcoming report, which represents a year-over-year change of +19.1%. The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level.
Heico Corporation's revenues are expected to be $1.34 billion, up 17% from the year-ago quarter.
Intuitive Machines zveřejní výsledky za 2. čtvrtletí před otevřením trhu; analytici čekají ztrátu 7 centů na akcii a tržby ve výši 221,12 milionu USD. Akcie ve středu vzrostly o 2,9 % na 16,95 USD.
Intuitive Machines, Inc. (NASDAQ:LUNR) will release its second quarter earnings report before the opening bell on Thursday, Aug. 13.
Analysts expect the Houston, Texas-based company to report a quarterly loss of 7 cents per share, versus a loss of 11 cents per share in the year-ago period. The consensus estimate for Intuitive Machines’ quarterly revenue is $221.12 million. It reported $50.31 million last year, according to Benzinga Pro.
On Aug. 4, Intuitive Machines announced it was selected by L3Harris to support the development and production of spacecraft platforms for the Space Development Agency’s AMDT3 mission.
Shares of Intuitive Machines gained 2.9% to close at $16.95 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Roth Capital analyst Suji Desilva maintained a Buy rating and raised the price target from $50 to $75 on May 28, 2026. This analyst has an accuracy rate of 77%. Cantor Fitzgerald analyst Andres Sheppard maintained an Overweight rating and boosted the price target from $26 to $43 on May 19, 2026. This analyst has an accuracy rate of 84%. Canaccord Genuity analyst Austin Moeller maintained a Buy rating and increased the price target from $24 to $41 on May 15, 2026. This analyst has an accuracy rate of 54%. B. Riley Securities analyst Mike Crawford maintained the stock with a Buy rating and raised the price target from $40 to $45 on May 15, 2026. This analyst has an accuracy rate of 81%. Keybanc analyst Michael Leshock maintained the stock with an Overweight rating and increased the price target from $26 to $27 on April 29, 2026. This analyst has an accuracy rate of 75% Considering buying LUNR stock? Here’s what analysts think:
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Intuitive Machines byla společností L3Harris Technologies vybrána k vývoji a výrobě 18 kosmických platforem pro misi AMDT3 agentury Space Development Agency. Projekt má podpořit sledování hypersonických a balistických střel.
HOUSTON, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”, together with its subsidiaries, the “Company”), a leading space technology, infrastructure, and services company, today announced it was selected by L3Harris Technologies (NYSE: LHX) to support the development and production of spacecraft platforms for the Space Development Agency’s Accelerated Missile Defense Tranche 3 (“AMDT3”) mission.
Intuitive Machines will design, build, and deliver 18 advanced spacecraft platforms to enable L3Harris’ advanced missile defense solutions for hypersonic and ballistic missile tracking. The AMDT3 mission supports the Golden Dome for America’s space-based capabilities and will help to advance homeland defense, deterrence, and ensure U.S. space operations remain resilient and responsive.
"AMDT3 builds on a foundation of proven performance and mission trust established through our previous Tracking Layer mission selections. We look forward to continuing to support this important mission with L3Harris and the Space Development Agency," said Intuitive Machines President of Space Systems, Chris Johnson. "We are committed to delivering spacecraft platforms and integrated systems that enable sustained, scalable operations across demanding mission architectures."
AMDT3 will be built on the IM 300 platform, also used for the upcoming Tranche 1, Tranche 2, and Tranche 3 Tracking Layer missions. The IM 300 supports missions ranging from Earth observation, connectivity and defense missions with superior adaptability and efficient manufacturing processes.
About Intuitive Machines
Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure-as-a-service for commercial, civil, and national security customers.
With a proven track record across the space domain, the Company, through organic growth and portfolio expansion, has built over 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system.
These capabilities form an integrated Build-Connect-Operate infrastructure service company, enabling customers to achieve mission and campaign outcomes through a single prime solution. Intuitive Machines’ technology has been demonstrated across the space domain and is engineered to support the next century of opportunity in space.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations and plans relating to our lunar missions and satellites, including the expected timing of building our satellites and landers, launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, including our performance on future lunar missions, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; information regarding our expectations on revenue generation and cash. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
Intuitive Machines dokončila akvizici společností Goonhilly Earth Station a COMSAT. Posílí tím svou síť pozemních stanic pro mise na Měsíc a do hlubokého vesmíru.
HOUSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”, together with its subsidiaries, the “Company”), a space technology, infrastructure, and services leader, today announced it has completed its previously announced acquisition of Goonhilly Earth Station Limited (“Goonhilly”) and completed the acquisition of COMSAT LLC, world-class deep space communications providers with major ground station assets in the United Kingdom and the United States.
Building on past Goonhilly integration for IM‑1 and IM‑2, the Company intends to leverage its expanded network for upcoming IM‑3 and Altus‑1 missions.
The acquisition strengthens Intuitive Machines’ space infrastructure service with a network of ground stations, increasing visibility across major Earth viewing arcs, enhancing contact opportunities for lunar and deep space missions, and expanding capacity on the Company’s space data network for communications, data transport, and position, navigation, and timing (PNT). Additionally, Goonhilly’s and COMSAT’s civil, commercial, and government customer bases complement Intuitive Machines’ existing customer base and broaden the Company’s reach into adjacent industries.
Goonhilly’s expertise in providing tracking, telecommand, and telemetry services and its commercial deep space communications antenna leadership further strengthens Intuitive Machines’ end-to-end mission support services. The Company previously integrated Goonhilly’s ground station capabilities into its IM-1 and IM-2 missions and intends to employ its expanded space data network and the Goonhilly ground system for the upcoming IM-3 and Altus-1 missions. IM-3, part of NASA’s CLPS initiative, returns Intuitive Machines to the Moon for the third time, while the Altus-1 mission, executed under the Company’s Near Space Network Services contract with NASA, launches the Company’s first lunar data relay satellite.
“Intuitive Machines provides the infrastructure services customers need for their missions in Earth orbit, on the Moon, and across deep space. Integrating Goonhilly and COMSAT expands our space infrastructure with proven ground assets and connected deep space capabilities,” said Steve Altemus, CEO of Intuitive Machines. “By increasing capacity for communications, data transport, and PNT services, we’re enabling customers to execute more complex operations with greater confidence and at a faster cadence for Moon Base and for commercial, civil, and international lunar activities.”
About Intuitive Machines
Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure as a service for commercial, civil, and national security customers.
With a proven track record across the space domain, the Company has built more than 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system.
These capabilities form an integrated Build, Connect, Operate service model, enabling customers to achieve mission and campaign outcomes through a single prime solution. Intuitive Machines’ technology is engineered to support the next century of opportunity in space.
About Goonhilly
Goonhilly® (Goonhilly Earth Station Ltd) delivers reliable connectivity, data, and intelligence, enabling the safe, sustainable, and secure use of space.
As the world’s most advanced commercial lunar and deep space communications provider, Goonhilly provides Earth-to-space connectivity for spacecraft operating beyond geostationary orbit, facilitating the future of space science and exploration for organisations including ESA and Intuitive Machines.
Goonhilly also utilizes its state-of-the-art assets and expert teams to deliver sovereign radio frequency Space Domain Awareness (SDA) data, assured satcom services, and bespoke antenna development to national security customers.
About COMSAT
A satellite network is only as good as its ground infrastructure. That’s where COMSAT® (COMSAT LLC) comes in. Via its secure international teleports and portfolio of over 90 hosted and leased antennas, COMSAT provides secure and reliable satellite communications services to customers around the world.
COMSAT’s network of US and UK-based satellite ground stations have supported satellite operators, service integrators, downstream data users, and government customers for more than five decades.
Today, the company remains committed to providing scalable solutions and expert on-hand support – delivering connectivity you can trust when it matters most.
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release should be considered forward looking. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, these forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: the transaction with Goonhilly and COMSAT, our expectations and plans relating to Goonhilly and COMSAT; our expectations and plans relating to our missions to the Moon, IM 3, Altus-1, including the expected timing of launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for contracts awarded to us; our expectations regarding changes to government contracts or programs; our operations, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; our expectations on revenue and cash generation. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: various risks and uncertainties related to, among other things, the terms, timing, structure, benefits, costs and completion of the transaction with Goonhilly; required approvals to complete the proposed transaction with Goonhilly by the receipt of certain regulatory approvals, to the extent required, and the timing and conditions for such approvals; the satisfaction of the closing conditions to the proposed transaction with Goonhilly; our reliance upon the efforts of our Board and key personnel to be successful; our limited operating history; our failure to manage our growth effectively and to win new contracts; our customer concentration; competition from existing or new companies; unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities; cyber incidents; failure of the market for commercial spaceflight to achieve the growth potential we expect; any delayed launches, launch failures, failure of landers to conduct all mission milestone, failure of our satellites or lunar landers to reach their planned orbital locations, significant increases in the costs related to launches of satellites and lunar landers, and insufficient capacity available from satellite and lunar lander launch providers; our reliance on a single launch service provider; risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; our reliance on a limited number of suppliers for certain materials and supplied components; failure of our products to operate in the expected manner or defects in our products; counterparty risks on contracts entered into with our customers and failure of our prime contractors to maintain their relationships with their counterparties and fulfill their contractual obligations; failure to successfully defend protest from other bidders for government contracts; failure to comply with various laws and regulations relating to various aspects of our business, uncertainty in the regulatory environment and any changes in the funding levels of various governmental entities with which we do business; our failure to protect the confidentiality of our trade secrets and unpatented know how; our failure to comply with the terms of third-party open source software our systems utilize; our ability to maintain an effective system of internal control over financial reporting, and to address and remediate material weaknesses in our internal control over financial reporting; 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, and our dependence on U.S. government contracts and the available funding by the U.S. government; our failure to comply with U.S. export and import control laws and regulations and U.S. economic sanctions and trade control laws and regulations; uncertain global macro-economic and political conditions and elevated inflation and interest rates; our history of losses and failure to achieve profitability in the future or failure to generate sufficient funds to continue operations; the cost and potential outcomes of pending and any future litigation; our public securities’ potential liquidity and trading; the sufficiency and anticipated use of our existing capital resources to fund our future operating expenses and capital expenditure requirements and needs for additional financing; our ability to successfully identify, complete, integrate, and obtain benefits from any acquisitions, joint ventures and other investments; and other public filings and press releases other factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/19482b0e-50f4-4736-8eab-611251a2339d
Intuitive Machines získala zakázku NASA až do výše 148,3 milionu USD na dodání produkčně kvalifikovaného landeru Nova-C na Měsíc do roku 2028. Akcie LUNR ve středu klesly o 4,65 % na 17,02 USD.
Intuitive Machines shares are sliding. What’s behind LUNR decline? What Is the NASA Contract Catalyst for LUNR?The company recently secured a NASA contract worth up to $148.3 million to deliver a production-line-qualified Nova-C lander to the Moon by 2028, supporting NASA’s accelerated lunar delivery schedule and expanded Moon Base operations under Artemis.
The firm-fixed-price award includes a $68.6 million base for mission execution plus a $79.7 million performance incentive tied to successful product-line qualification.
Short interest also rose to 37.84 million shares from 34.79 million, or 28.85% of the public float, with about 2.66 days to cover based on average daily volume of 14.23 million shares. That elevated short positioning can amplify day-to-day swings in either direction when news hits.
LUNR Technical Analysis: Key Levels to WatchFrom a longer-term trend perspective, Intuitive Machines is still up 58.47% over the past 12 months, but the current setup is heavy: the stock is trading below every major moving average tracked here, including the 200-day SMA at $18.91 and the 20-day SMA at $22.12. It’s also 40.1% below the 50-day SMA at $28.21, which tells you recent price action has been more "sell the bounce" than "buy the dip."
Momentum is best framed through MACD right now: MACD is below its signal line and the histogram is negative, which points to fading upside pressure unless buyers can reclaim that baseline. The bearish 20-day SMA below the 50-day SMA reinforces that near-term downtrend, even though the longer-term Golden Cross (50-day above 200-day) that formed in November 2025 is still technically intact.
Key Resistance: $19.50 — Nearby round-number area that sits just above the 200-day SMA zone, where rebounds can stall. Key Support: $16 — Nearby floor close to current price where buyers previously stepped in. Intuitive Machines is a space infrastructure and services company focused on enabling sustained human activity beyond Earth, designing and operating space systems across low Earth orbit, geostationary orbit, cislunar space and deep space. A big part of the story is "infrastructure-as-a-service," spanning spacecraft development and space-based network connectivity for commercial, civil, and national security customers.
That matters for this week’s NASA award because it fits the company’s push toward repeatable lunar logistics — moving from one-off missions toward a more standardized transport service. Management says it’s scaling manufacturing to support higher-volume production, which is the kind of operational shift that can change how investors think about backlog durability and execution risk.
LUNR Stock Price Action UpdateLUNR Stock Price Activity: Intuitive Machines shares closed Wednesday down 4.65% at $17.02, according to Benzinga Pro data.
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Intuitive Machines získala od NASA pevnou zakázku až za 148,3 milionu USD na dodání landeru Nova-C na Měsíc nejpozději do roku 2028. Jde o šestý úkol v rámci programu CLPS.
HOUSTON, June 30, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”, together with its subsidiaries, the “Company”), a space technology, infrastructure, and services leader, today announced it has received a firm-fixed-price contract from NASA valued at up to $148.3 million to deliver a production-line-qualified Nova-C lander to the Moon no later than 2028. The award reinforces NASA’s accelerated schedule for lunar surface deliveries and helps proliferate Moon Base operational sites in support of Artemis.
Pictured: Intuitive Machines’ production-line-qualified Nova-C landers, including IM-2 which is being loaded for transport while IM-3 is in the background in development.
By scaling manufacturing processes to support high-volume production, Intuitive Machines is creating a standardized and repeatable lunar transport utility service. Intuitive Machines’ high-velocity pipeline helps establish the foundational infrastructure required to support NASA’s Moon Base and expand operational sites across the lunar environment.
“We are shifting the paradigm from custom aerospace engineering to commercial mass production of lunar infrastructure,” said Intuitive Machines CEO, Steve Altemus. “Our flight-proven Nova-C platform allows us to build, test, and deploy multiple landers in parallel using industry 4.0-powered manufacturing. This contract directly advances our core mission to provide persistent, reliable, and commercial baseline of transport, connectivity, and operations that allows our customers to stay longer and achieve more on the Moon.”
This award directly expands Intuitive Machines’ space infrastructure footprint, reinforcing the Company’s unique capability to connect resilient navigation networks and operate systems seamlessly across cislunar space. The financial framework of the award includes:
A $68.6 million base contract for mission execution utilizing a lander with proven lunar flight heritage.A $79.7 million performance incentive for the successful demonstration of product-line qualification, guaranteeing a steady, rapid-turnaround supply of landers. Under this award, Intuitive Machines will deliver essential scientific and operational payloads to the lunar surface. These include advanced stereo cameras to analyze surface-plume interactions (SCALPSS), a laser retroreflector array (LRA) for precise cislunar positioning, and a Linear Energy Transfer Spectrometer (LETS) radiation monitor to gather critical environmental safety data.
With this sixth Commercial Lunar Payload Services task order, Intuitive Machines solidifies its position as a primary commercial logistics and transport pipeline to the lunar surface. By managing a large share of commercial lander volume, the Company validates its role as a foundational access layer serving civil, national security, and commercial clients alike.
About Intuitive Machines
Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure-as-a-service for commercial, civil, and national security customers.
With a proven track record across the space domain, the Company, through organic growth and portfolio expansion, has built over 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system.
These capabilities form an integrated Built-Connect-Operate infrastructure service company, enabling customers to achieve mission and campaign outcomes through a single prime solution. Intuitive Machines’ technology has been demonstrated across the space domain and is engineered to support the next century of opportunity in space.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations and plans relating to our lunar missions, including the expected timing of launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, including our performance on future lunar missions, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; information regarding our expectations on revenue generation and cash. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
Insider společnosti Intuitive Machines Timothy Price Crain II prodal 150 000 akcií za 3,3 milionu USD v rámci předem naplánovaného plánu 10b5-1. Prodej snížil jeho přímou expozici jen o 1,63 %.
Timothy Price Crain II, SVP & Chief Technology Officer at Intuitive Machines (LUNR +5.83%), reported the redemption of 150,000 common units and immediate sale of an equivalent number of Class A Common Stock shares for $3.28 million on June 18, 2026, according to the SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)150,000Transaction value$3.3 millionPost-transaction shares (direct)9,071,894Post-transaction value (direct ownership)$207.3 millionTransaction value based on SEC Form 4 weighted average purchase price ($21.87); post-transaction value based on June 18, 2026 market close.
Key questionsWhat was the structure and intent of this transaction?
This was a derivative-driven transaction: 150,000 common units were redeemed and immediately sold as Class A shares, providing liquidity without drawing on previously held shares.Did the sale meaningfully reduce Price’s overall economic exposure to Intuitive Machines?
No, the 1.63% reduction only affected direct Class A holdings; substantial exposure remains through Class A shares and 8,720,615 Class C/Common Units, all held directly.How does this trade compare to Crain Price II's historical trading cadence and capacity?
The transaction falls within the pattern of routine, capacity-driven selling.Does the transaction timing suggest opportunism in response to stock price movements?
The Rule 10b5-1 plan adopted in September 2025 governs the sale, indicating this was a pre-scheduled, routine portfolio management event rather than a discretionary response to the recent 124.9% one-year share price increase (as of June 18, 2026).Company overviewMetricValueMarket capitalization$3.2 billionRevenue (TTM)$328.2 millionNet income (TTM)-$109.3 millionCompany snapshotIntuitive Machines provides lunar access services, orbital services, lunar data services, and space products and infrastructure, with revenue primarily generated from aerospace contracts and lunar mission services.The firm operates a project-based business model focused on delivering high-value aerospace solutions for lunar and deep space exploration, leveraging proprietary technology and mission execution capabilities.It targets government space agencies, commercial aerospace clients, and scientific organizations engaged in lunar and planetary exploration.Intuitive Machines, Inc. is a Houston-based aerospace company specializing in lunar and deep space exploration technologies. The company leverages integrated service offerings and proprietary platforms to address the growing demand for lunar access and data services. With a focus on enabling both government and commercial missions, Intuitive Machines positions itself as a key player in the next generation of space infrastructure and exploration.
What this transaction means for investorsThis sale ultimately looks more like disciplined portfolio management than a shift in conviction, especially because it was executed under a Rule 10b5-1 trading plan.
The backdrop is particularly noteworthy given the excitement and volatility surrounding SpaceX’s massive IPO this month, which has fueled sharp moves across the industry. Intuitive Machines shares had climbed roughly 125% over the past year, but have since pared yearly gains to about 74%.
The business has also continued to deliver operational momentum. First quarter revenue nearly tripled year over year to a record $186.7 million, adjusted EBITDA turned positive at $2.7 million, and backlog reached a record $1.1 billion after the company completed its acquisition of Lanteris Space Systems. Management also reaffirmed full-year revenue guidance of $900 million to $1 billion. CEO Steve Altemus said Intuitive Machines is "building" the infrastructure that will define the next phase of the space economy.
For long-term investors, scheduled insider sales are worth monitoring, but execution on that growing backlog, major NASA and defense contracts, and the company's ability to translate today's enthusiasm into sustainable profits are likely to matter far more.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuitive Machines. The Motley Fool has a disclosure policy.
Intuitive Machines rozšiřuje byznys prostřednictvím akvizic v oblasti navigace, výroby kosmických lodí a komunikací. Nejnověji plánuje koupit Goonhilly Earth Station a její dceřinou společnost COMSAT a přidat 44 antén i významnou deep-space komunikační infrastrukturu ve Spojeném království a USA.
Key Takeaways Intuitive Machines expanded through acquisitions in navigation, spacecraft manufacturing, and communications.LUNR agreed to acquire Goonhilly Earth Station, adding 44 antennas and deep-space communications assets.LUNR shares rose 7.5% in three months and trade at a forward P/S premium to the industry. Intuitive Machines, Inc. (LUNR - Free Report) has long been associated with lunar landers and NASA's Commercial Lunar Payload Services program. However, recent acquisitions suggest management is pursuing a much broader vision.
The acquisition strategy began to accelerate in 2025 when the company acquired KinetX Aerospace, a leader in deep-space navigation and flight dynamics services. It added expertise in spacecraft navigation, mission design, and constellation management. KinetX has supported numerous NASA planetary missions, giving LUNR valuable technical capabilities that complement its lunar operations.
LUNR’s most transformative transaction came in November 2025 when it announced the acquisition of Lanteris Space Systems, formerly Maxar Space Systems, from Advent International. The deal was valued at $800 million, and was closed in January 2026. The business brings decades of spacecraft manufacturing experience and serves national security, civil, and commercial customers.
Lanteris provides proven capabilities in satellite manufacturing, missile-warning systems, secure communications, Earth observation, and space-domain awareness missions. These capabilities position Intuitive Machines to compete for larger defense and civil-space programs while expanding its presence in rapidly growing national security markets.
Management continued its acquisition-driven expansion in May 2026 by announcing plans to acquire Goonhilly Earth Station and its COMSAT subsidiary. The acquisition is expected to add 44 antennas and substantial deep-space communications infrastructure across the United Kingdom and the United States.
Through targeted acquisitions, the company is building capabilities across navigation, manufacturing, communications, and operations. If management successfully integrates these assets, acquisitions could become one of the company's most important drivers of long-term growth.
Space Companies Using Acquisitions to Expand GrowthSeveral space companies have pursued similar acquisition-driven strategies to broaden capabilities and accelerate expansion:
Rocket Lab Corporation (RKLB - Free Report) has acquired businesses across spacecraft components, solar power systems, software, and satellite technologies, helping transform the company from a launch provider into a diversified space systems company.
Redwire Corporation (RDW - Free Report) has completed numerous acquisitions spanning in-space manufacturing, digital engineering, mission systems, and spacecraft technologies, creating a broad portfolio serving commercial and government customers.
LUNR Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 earnings per share implies a decrease of 2.38% year over year.
Image Source: Zacks Investment Research
LUNR Stock Trades at a PremiumIn terms of valuation, LUNR’s forward 12-month price-to-sales (P/S) is 4.09X, a premium to the industry’s average of 2.59X.
Image Source: Zacks Investment Research
LUNR Stock’s Price PerformanceIn the past three months, the company’s shares have risen 7.5% compared with the industry’s 1.2% growth.
Intuitive Machines chce získat 500 milionů USD prodejem nových akcií, aby překlenula období záporných peněžních toků až do dosažení kladného volného peněžního toku. Rozředění akcionářů může být jen 7,8 %.
Intuitive Machines (LUNR 6.40%) spooked the stock market earlier this month, and its timing couldn't have been worse. (At least, from one perspective. More on that in a moment.)
Shares of the space stock -- which, in 2024, became the first American company to land a spacecraft on the moon, and the first American anything to return to the moon in 50 years -- are down an astounding 46% in June.
Yes, this is partly because the SpaceX (SPCX +0.54%) IPO sucked all the oxygen out of the room last Friday, and vacuumed up all the investor cash that used to be invested in other space stocks. Still, Intuitive got the sell-off started all on its own when it announced plans on June 3 to raise $500 million in cash by selling a bunch of new shares.
Image source: Getty Images.
Timing is everything I've got good news for Intuitive shareholders, as well as this bad news: Intuitive Machines announced its share sale soon after hitting an all-time high near $46. Assuming it's made good on its plans and been selling as many shares as it could, as fast as humanly possible, the company may still come out of this sell-off just fine in the end.
Why is that?
Consider that, at the end of 2025, Intuitive stock was trading around $16 per share. Successful contract wins combined with SpaceX IPO fever drove that price up nearly threefold through the end of May.
Did this make the stock overvalued? I think so (and this is coming from an owner of Intuitive Machines stock). Still, by the time Intuitive announced its share sale, the stock was within pennies of $40 a share -- meaning that raising $500 million might have required issuing no more than 12.5 million shares, diluting shareholders by only 7.8%.
What's more, the potential $500 million windfall from such a sale would generate plenty of cash to bridge the gap between when Intuitive is still burning cash and when it finally becomes free cash flow positive on its own (analysts expect this to happen in 2027 or early 2028). This would mean that Intuitive never has to raise cash again.
Today's Change
(
-6.40
%) $
-1.34
Current Price
$
19.61
What could go wrong? The question facing investors now is: Did Intuitive Machines manage to sell its shares and raise cash before its stock price collapsed after the SpaceX IPO?
The truth is, we don't yet know. The fact that Intuitive Machines' stock price fell so rapidly and consistently after it announced its share sale certainly suggests that the company was flooding the market with new shares this month. If it did, and if it raised enough cash fast enough, then Intuitive Machines may have accomplished its goal in time.
We'll have to wait for the company's next earnings report to know for sure, however. Intuitive Machines is due to report second-quarter results on Aug. 6. Tune in then to find out.
