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Nokia's Cellular Network Ready for Moon as Intuitive Machines Completes Final Lunar Lander Installation
Newsfilter· 2025-01-07 12:30
HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Today Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW)) ("Intuitive Machines") and Nokia (NYSE:NOK, Euronext: NOKIA)) announced the successful final integration of Nokia's Lunar Surface Communication System ("LSCS") into the IM-2 mission lander, named Athena. Athena and the LSCS will voyage to the lunar south pole region in the upcoming IM-2 mission, where Nokia and Intuitive Machines intend to deploy the first cellular network on the Moon. After months of testing and ...
Are Aerospace Stocks Lagging Intuitive Machines, Inc. (LUNR) This Year?
ZACKS· 2024-12-25 15:46
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Intuitive Machines, Inc. (LUNR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Intuitive Machines, Inc. is a member of the Aerospace sector. This group includes 46 individual stocks and currently holds a Za ...
Recent Price Trend in Intuitive Machines, Inc. (LUNR) is Your Friend, Here's Why
ZACKS· 2024-12-25 14:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...
Why Intuitive Machines Stock Popped on Monday
The Motley Fool· 2024-12-23 16:02
Intuitive Machines (LUNR 3.54%) stock started off the holiday-shortened week right, soaring more than 20% in early trading before quickly retreating to a 6.5% gain as of 10:10 a.m. ET.The reason: As Intuitive announced this morning, NASA has awarded it additional contracts for Near Space Network (NSN) direct-to-Earth communications services. Intuitive's big contractIf you recall, it was a NASA NSN contract that first lit the candle on this space stock back in September, driving up Intuitive shares 60% in a ...
Intuitive Machines Expands Data Transmission Services for Lunar and Deep Space Missions
Globenewswire· 2024-12-23 13:02
HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines” or the “Company”), a space exploration, infrastructure, and services company, has secured additional contracts from NASA’s Near Space Network (“NSN”) for Direct-to-Earth (“DTE”) services. These contracts further position Intuitive Machines as a vital partner in supporting NASA’s missions to the Moon, and beyond. DTE communication and navigation services are critical for enabling missions to exit E ...
Wall Street Analysts Predict a 29.16% Upside in Intuitive Machines, Inc. (LUNR): Here's What You Should Know
ZACKS· 2024-12-17 15:56
Intuitive Machines, Inc. (LUNR) closed the last trading session at $12.93, gaining 10.7% 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 $16.70 indicates a 29.2% upside potential.The mean estimate comprises five short-term price targets with a standard deviation of $2.11. While the lowest estimate of $15 indicates a 16% increase from the current price level, the most optimistic ana ...
Intuitive Machine's New Deal to Boost Growth: Time to Buy LUNR Stock?
ZACKS· 2024-12-04 21:01
Intuitive Machine Inc. (LUNR) has been collaborating with commercial companies and research centers to enhance its footprint in the rapidly growing space exploration industry, particularly in the cislunar space.  Keeping up with this trend, LUNR recently joined forces with the Johns Hopkins University Applied Physics Laboratory (“APL”) to promote safe, secure, and reliable communications and navigation around the Moon. The collaboration is aimed at advancing U.S. hardware applications, supporting NASA’s Art ...
Why Intuitive Machines Stock Just Crashed 14%
The Motley Fool· 2024-12-04 15:47
Intuitive Machines (LUNR -9.96%) stock tumbled 14.2% through 9:45 a.m. ET Wednesday morning after the space company made two disturbing announcements in 24 hours. First, last night after close of trading, Intuitive announced plans to issue and sell up to $73.9 million worth of new common stock in an underwritten public offering (including an overallotment option); and to further sell $10 million in new stock via a private placement (so $83.9 million total). The Fly noted that the company was targeting a sha ...
Intuitive Machines Prices Upsized $110.0 Million Offering of Shares of its Class A Common Stock and Concurrent Private Placement
GlobeNewswire News Room· 2024-12-04 04:53
Core Viewpoint - Intuitive Machines, Inc. has announced an upsized public offering of 9,523,810 shares of its Class A common stock at a price of $10.50 per share, aiming to raise approximately $104.25 million in net proceeds for corporate purposes, including operations and potential mergers and acquisitions [1][3]. Group 1: Offering Details - The public offering includes a 30-day option for underwriters to purchase additional shares, totaling up to 1,275,714 shares from the Company and 152,857 shares from a selling stockholder [1]. - A concurrent private placement will issue 952,381 shares to Boryung Corporation at the same public offering price, contingent upon the completion of the public offering [2]. Group 2: Use of Proceeds - The net proceeds from both the public offering and private placement will be utilized to acquire newly-issued common units of Intuitive Machines, LLC, which will support general corporate purposes, including operations, research and development, and potential mergers and acquisitions [3]. Group 3: Underwriters and Management - BofA Securities, Cantor, Barclays, and Stifel are acting as lead joint book-running managers for the offering, with Roth Capital Partners and B. Riley Securities also serving as book-running managers [4]. Group 4: Company Overview - Intuitive Machines is a diversified space exploration and services company focused on lunar access, having successfully landed its Nova-C class lunar lander on the Moon in 2024, marking a significant achievement for U.S. lunar exploration [8].
Intuitive Machines Dilutes Shareholders: Shares Drop 13%, There Could Be Good News
Seeking Alpha· 2024-12-04 03:32
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Intuitive Machines (NASDAQ: LUNR ) stock has tumbled 13.4% in after-market hours on the news that the company is issuing common stock . This is of course a material development and, in this report, I want to discuss whether the commonDhierin runs t ...