Intuitive Machines (LUNR) Jumps 11%, Investors Upbeat on Space Stocks

Core Viewpoint - Intuitive Machines Inc. (NASDAQ:LUNR) has shown significant stock performance, rallying 11.02% to close at $19.45, driven by positive sentiment in the space sector following comments from Elon Musk about the industry's potential for cost-effective AI compute [1][2]. Company Developments - Intuitive Machines has benefited from a recent rally in space stocks, influenced by Elon Musk's optimistic outlook on the industry [2]. - Investment firm KeyBanc raised its price target for Intuitive Machines to $26 from $20, maintaining a "buy" recommendation due to optimism in the space and defense sectors [4]. - Canaccord also increased its price target for the company to $22.50 from $15.50 while reaffirming a "buy" rating [5]. - Stifel upgraded the stock's price target to $20 from $18 but downgraded the rating to "hold" from "buy" [5]. Industry Outlook - Morgan Stanley expressed a bullish outlook for the space sector, predicting a "banner year" in 2025 that is expected to positively impact the current year [5].