LUNR - Intuitive Machines, Inc.
Regulatory friction at the Federal Communications Commission is turning a merger question into a share-price story, with SpaceX challenging Iridium Communications (NASDAQ:IRDM | IRDM Price Prediction) conduct as the agency reviews Rocket Lab's (NASDAQ:RKLB) pending $8 billion takeover.
Intuitive Machines expands beyond lunar landers as record revenue, a $1.8B backlog and rising national security demand fuel growth.
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.
When an emerging space technology provider moves from speculative lunar missions to permanent defense infrastructure, smart money takes notice. On Aug. 17, 2026, Intuitive Machines NASDAQ: LUNR received an authorization to proceed on a multi-satellite communications infrastructure program valued at over $600 million across a 30-month execution window.
After a historic retreat, are space stocks finally cheap enough to buy again?
An undisclosed customer has hired Intuitive Machines to build it a $600 million satellite constellation. Intuitive did not say how many years the contract will span, or how many satellites it will build.
Shares of Intuitive Machines (NASDAQ:LUNR) are up 6% to $20.22 in early Monday trading after the company announced an authorization to proceed (ATP) on a multi-satellite communications program valued at more than $600 million.
Intuitive Machines Inc. (NASDAQ:LUNR) shares are trading higher Monday that it has received authorization to proceed on a multi-satellite communications infrastructure program with an anticipated value exceeding $600 million.
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.
Bank of America Corp DE raised its stake in Intuitive Machines, Inc. (NASDAQ: LUNR) by 188.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,882,973 shares of the company's stock after buying an additional 1,231,188 shares during the period. Bank of America
Intuitive Machines Inc. LUNR shares rallied sharply on Friday after multiple Wall Street analysts shifted their focus from the company's second-quarter earnings miss to its rapidly expanding order backlog, arguing that the long-term growth outlook remains intact. The stock climbed about 8.14% to $18.99 during Friday's session after Stifel upgraded the lunar exploration company to Buy from Hold, despite lowering its price target to $26 from $32.
Intuitive Machines missed Wall Street's sales and earnings targets with its Q2 report. The company's backlog reached $1.8 billion at the end of Q2.
LUNR highlights a record $1.8B backlog, expanding satellite and lunar programs, and a push toward recurring space infrastructure revenues.
Stocks are lower midday while the S&P 500 Index (SPX) and Nasdaq Composite (NDX) head for a third-straight weekly win
Shares of Intuitive Machines (NASDAQ:LUNR) are surging 10% to $19 and change on Friday morning, and Virgin Galactic (NYSE:SPCE) shares are gaining 10% as it approaches $3.50.
Intuitive Machines Inc (NASDAQ:LUNR) on Thursday reported worse-than-expected second-quarter financial results.
Wall Street flipped the script Friday with a wave of surprise upgrades and downgrades hitting names like Wayfair, Roku, and Fox Corporation, while cooler inflation data reshuffled bets across stocks, bonds, oil, and crypto all at once.
Q2 confirmed strong operating momentum, with revenue growth and backlog expanding materially despite weaker adjusted EBITDA. Dilution remains the key risk, but recent equity raises appear focused on funding growth rather than survival. Backlog reached ~$1.8 billion, with organic Q2 bookings demonstrating strong underlying demand beyond acquisition-driven growth.
Intuitive Machines NASDAQ: LUNR reported second-quarter revenue of $206 million, more than four times its prior-year result, as the company expanded its satellite manufacturing, lunar-services and national-security operations. Management reaffirmed full-year revenue guidance of $900 million to $1 billion and its expectation for positive adjusted EBITDA.
Intuitive Machines, Inc. (LUNR) Q2 2026 Earnings Call Transcript