Group 1 - NASA aims to establish a permanent human presence on the Moon and is developing the Near Space Network for continuous lunar communications [1][2] - Intuitive Machines has been awarded a contract by NASA to build a satellite constellation for navigation and communications, with a maximum potential value of $4.82 billion [2][4] - The contract guarantees $150 million, with the possibility of exceeding this amount based on the services provided over a five-year period [4] Group 2 - The lunar satellite constellation will support NASA's goal to land humans on the Moon's south pole, which has limited direct communication opportunities with Earth [5] - The infrastructure will also enhance capabilities for uncrewed missions, including remote operation of rovers and improved data transmission rates [5][6] - Intuitive Machines, which went public last year, reported a revenue of $41.4 million in Q2, reflecting a 130% year-over-year increase, largely from government contracts [7]

HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, today announced NASA has awarded the Company a Near Space Network ("NSN") contract for communication and navigation services for missions in the near space region, which extends from Earth's surface to beyond the Moon. This Subcategory 2.2 Geostationary Orbit to Cislunar Relay Services is a new Firm-Fixed-Price, Mult ...

The space exploration company has made huge strides this year. Is now the time to buy? Intuitive Machines (LUNR 7.54%) attracted considerable attention earlier this year after successfully executing its first mission to the Moon in January. This success is part of a notable shift in the approach to space exploration, which has transitioned from government-led endeavors to commercial ventures over the past couple of decades. The surge of interest in space exploration and research is evident, with research fi ...

Intuitive Machines, Inc. (LUNR) closed the last trading session at $5.63, gaining 56.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.80 indicates a 74.1% upside potential. The mean estimate comprises five short-term price targets with a standard deviation of $1.10. While the lowest estimate of $8 indicates a 42.1% increase from the current price level, the most optimistic ana ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

HOUSTON, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, announced that effective September 16, 2024, Pete McGrath will transition from his current role of Senior Vice President, Chief Operating Officer into the role of Senior Vice President and Chief Financial Officer. Steven Vontur will transition from serving as the Company's Interim Chief Financial Officer to Chief Acc ...

Intuitive Machines just keeps winning (NASA contracts). Intuitive Machines (LUNR 9.36%) stock soared 15.8% through 9:45 a.m. ET Friday morning after the company announced it has won its fourth moon landing contract from NASA. IM-4 -- the name of the mission -- will see Intuitive Machines send another of its Nova-C-class moon landers to the lunar south pole, there to deliver "six science and technology payloads, including one European Space Agency-led drill suite." CLPS loves LUNR Intuitive Machines' IM-4 mi ...

HOUSTON, Aug. 29, 2024 (GLOBE NEWSWIRE) -- NASA has awarded Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, a $116.9 million contract to deliver six science and technology payloads, including one European Space Agency-led drill suite to the Moon's South Pole. This award will leverage Intuitive Machines' lunar delivery, data transmission, and autonomous operation capabilities to explore the region targeted f ...

Investors should pay more attention to this producer of lunar exploration vehicles. Metric 2022 2023 2024 Projected Revenue $102 million $291 million $759 million AST SpaceMobile (ASTS -10.41%) is one of the market's hottest space-related stocks. It soared 445% this year as the bulls cheered its progress toward launching its first low-Earth orbit (LEO) satellites for lower-band cellular connections. AST hasn't generated any meaningful revenue yet, but it's expected to finally start making money once it laun ...

Core Insights - Space stocks are experiencing significant volatility, with Intuitive Machines seeing a notable increase while Rocket Lab and AST SpaceMobile face declines [1] - The competitive landscape is shifting, particularly for AST SpaceMobile, due to Globalstar's new satellite operations approved by the FCC [2] - Despite recent stock price increases, profitability for these companies is not expected for several years, with projections indicating Intuitive Machines may not be profitable until 2026, and Rocket Lab and AST SpaceMobile until 2027 [8] Group 1: Company Performance - Intuitive Machines' stock surged by 35.6%, while Rocket Lab and AST SpaceMobile saw declines of 6.2% and 12.3%, respectively [1] - Rocket Lab's stock has increased by 40% since August 1, following the delivery of twin spacecraft for a Mars mission [3] - AST SpaceMobile's stock rose by 30% since August 1, after delivering five satellites for a September launch [4] Group 2: Competitive Landscape - Globalstar has been authorized by the FCC to operate 17 new cellphone-to-cellphone satellites, which poses a competitive threat to AST SpaceMobile [2] - AST SpaceMobile's growth prospects may be limited due to this new competition from Globalstar [4] Group 3: Future Prospects - Intuitive Machines plans to launch its IM-2 mission to the moon in late 2024 or early 2025 and may bid for a NASA contract related to the VIPER mission [5] - There is $84 million remaining in the VIPER budget, which is significant compared to Intuitive Machines' Q2 bookings [6] Group 4: Investment Considerations - The companies are characterized as growth stocks with strong sales growth but are primarily valued based on market momentum rather than profitability [7] - Recent trading activity indicates heightened interest in these stocks, with "unusually active" options trading reported [7]