Intuitive Machines Secures $148.3 Million NASA Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
0mins
Intuitive Machines' stock has dropped 5.03% as it hits a 5-day low amid a strong performance in the broader market, with the Nasdaq-100 up 1.59% and the S&P 500 up 0.96%.
The decline comes despite the company securing a significant firm-fixed-price contract from NASA worth up to $148.3 million to deliver a production-line-qualified Nova-C lander by 2028. This contract includes a $68.6 million base contract and a $79.7 million performance incentive, reinforcing NASA's lunar delivery schedule and supporting the Artemis program. The contract aims to enhance Intuitive Machines' production capacity and solidify its role in lunar transport, which is crucial for future operations on the Moon.
The implications of this contract are substantial, as it not only validates Intuitive Machines' position in the commercial space sector but also indicates ongoing governmental support for lunar exploration. However, the stock's recent performance reflects market concerns over capital rotation and dilution risks, which may overshadow the positive news.
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Analyst Views on LUNR
Wall Street analysts forecast LUNR stock price to fall
10 Analyst Rating
8 Buy
1 Hold
1 Sell
Moderate Buy
Current: 19.580
Low
9.50
Averages
17.74
High
25.00
Current: 19.580
Low
9.50
Averages
17.74
High
25.00
About LUNR
Intuitive Machines, Inc. is a space technology, infrastructure, and services company. It is a provider and supplier of space products and services that enable sustained robotic and human exploration to the Moon, Mars, and beyond. Its services include delivery services, data transmission services, and infrastructure as a service. Its delivery services provide transportation and delivery of payloads, such as satellites, scientific instruments and cargo to various destinations in space, in addition to rideshare delivery and lunar surface access. Its data transmission services offerings include the collection, processing, and interpretation of space-based data, utilizing applications, such as command, control, communications, reconnaissance and prospecting. Its infrastructure as a service delivers space assets, performing tasks and making decisions without human intervention that are designed to perform essential functions, such as navigation, scientific data collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Commercial Collaboration: By partnering with these companies, NASA not only leverages their innovative technologies but also encourages private sector participation in the aerospace industry, thereby accelerating the growth of the space economy.
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See More
