LUNR

Over the past six months, Intuitive Machines completed the acquisition of Lanteris Space Systems (now Goonhilly Earth Station and COMSAT) in January, expanding its capabilities. The company reported Q2 2026 revenue that quadrupled year-over-year to $206 million, but posted an adjusted EBITDA loss, missing analyst estimates. It announced a record $1.8 billion backlog and secured new contracts, including a GEO satellite contract over $600 million and a NASA CLPS contract up to $148.3 million for a Nova-C lunar lander by 2028, along with a contract for 18 spacecraft platforms for the Space Development Agency. In September 2026, Intuitive Machines successfully delivered and transitioned the SXM-11 satellite to SiriusXM. Analyst ratings have been mixed, with some reiterating 'Overweight' or 'Buy' while others trimmed price targets due to mission timing, execution risk, and profitability concerns. Reports of significant insider selling and potential share dilution have also put pressure on the stock, which has shown considerable volatility.