Core Thesis - Intuitive Machines, Inc. (LUNR) is viewed as a high-potential investment opportunity, currently trading at a discounted price despite a strong cash position of approximately $345 million against a market cap of $2 billion [2][5]. Company Overview - Intuitive Machines, Inc. designs, manufactures, and operates space products and services in the United States, positioning itself as a significant player in the space industry [2]. Stock Performance - LUNR shares have underperformed the market by over 30 percentage points in the last 12 months, trading at $9.50 as of November 28th [1]. - The stock follows a predictable cycle characterized by a rally upon launch date announcements, followed by a post-mission crash and eventual recovery [3]. Catalysts for Price Movement - Two key near-term catalysts are expected to drive significant price movements: 1. The Q3 2025 earnings call on November 13th, which is anticipated to confirm the launch window for the IM-3 mission targeted for H1 2026 [4]. 2. The potential award of the NASA Lunar Terrain Vehicle (LTV) contract, expected before the end of 2025, which could add a multi-billion-dollar backlog and enhance LUNR's long-term revenue outlook [4]. Mission Details - The upcoming IM-3 mission aims to land at Reiner Gamma, a technically easier site, with improved safeguards to address previous mission issues. Success in this mission could validate LUNR's business model and elevate its stock valuation [5]. Investment Opportunity - Given the predictable pre-launch hype cycle, strong cash reserves, and the potential for a transformative NASA contract, LUNR presents a compelling risk/reward setup for investors, offering a strategic entry point ahead of multiple catalysts that could drive both short-term and long-term upside [5].