Intuitive Machines, Inc. Class A (LUNR)

Over the past six months, Intuitive Machines' stock experienced several notable events. The acquisition of Lanteris Space Systems was announced on November 4, 2025, and completed on January 13, 2026, with a market reaction of -10.19%. The Q3 2025 earnings report on November 4, 2025, showed a net loss of $10.0 million and adjusted EBITDA of ($13.2) million. NASA selected Intuitive Machines to track the Artemis II Mission in late January 2026, renewing investor interest. An analyst price target increase from KeyBanc occurred in the week leading up to February 2, 2026. U.S. space stocks, including LUNR, rose following the announcement of the SpaceX-xAI merger on February 3, 2026. On May 13, 2025, Intuitive Machines reported Q1 2025 revenue of $62.5 million, a 14% increase from Q4 2024, and generated $13.3 million of positive free cash flow, although revenue was lower than Q1 2024, and backlog decreased. The stock surged over 400% in 2024, hitting an all-time high on November 29, 2025, but experienced a correction in 2025, with declines of 40-60% from highs. In the 12 months leading up to February 2, 2026, shares had fallen more than 12%, though the stock was up 17% in 2026 through February 2, 2026.

Information directly detailing demand seasonality for Intuitive Machines' specific products and services is not explicitly available. Demand may be driven more by program cycles, funding availability, and mission schedules rather than traditional seasonal consumer patterns. The company's shift towards becoming a primary satellite and communications infrastructure provider for the lunar domain suggests a move towards more consistent demand rather than highly seasonal fluctuations.

Intuitive Machines, Inc. (LUNR), founded in 2013 and headquartered in Houston, Texas, is an American space exploration, infrastructure, and services company. It operates in the Industrials sector, focusing on the Aerospace & Defense industry. The company provides space products and services through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. Its core pillars include delivery services, data transmission services, and infrastructure as a service. Delivery services involve transporting payloads to space, including lunar surface access with the Nova-C lunar lander, which successfully completed the IM-1 (Odysseus) mission in February 2024, and a second landing (IM-2 Athena) in March 2025. Data transmission services focus on collecting and processing space-based data using AI. Infrastructure as a service delivers space assets for essential functions like navigation and scientific data collection.

Intuitive Machines, Inc. is headquartered in Houston, Texas, and primarily operates in the United States. The company designs, manufactures, and operates its space products and services mainly within the U.S. Its customer base includes the U.S. government (NASA, national security space, U.S. Department of Defense, and state governments), as well as commercial and international customers.

Intuitive Machines has maintained a positive brand reputation over the past year, driven by its achievements in lunar exploration. The successful soft landing of Odysseus (IM-1) in February 2024 marked the first American spacecraft to land on the Moon since 1972, boosting the company's profile. This was followed by a second successful lunar landing (IM-2 Athena) in March 2025. Ongoing partnerships and contracts with NASA enhance its credibility. The acquisition of Lanteris Space Systems is a strategic move to diversify its business. However, the unstable landing of the IM-1 Odysseus lander, which tipped over and received minimal data, presented some reputational challenges.

Intuitive Machines, Inc. has a significant portion of its stock held by both individual and institutional investors. Kamal Seyed Ghaffarian is the largest individual shareholder, owning 30.23% of the company. Other significant individual owners include Stephen J. Altemus (17.00%) and Timothy Price II Crain (11.70%). As of February 6, 2026, 353 institutional owners and shareholders hold a total of 86,110,149 shares. Key institutional holders include BlackRock, Inc. (6.91%), State Street Corp (5.51%), and The Vanguard Group, Inc. (5.10%).