LUNR
Intuitive Machines, Inc.

Intuitive Machines, Inc.LUNR

Industrials · Aerospace & Defense
10.47USD
+21.46%
Nov 08, 2026
LUNR overview ready
Commercial Lunar Payload Delivery and Surface Infrastructure Operator
Intuitive Machines is a direct lunar-infrastructure operator: it sells NASA lunar payload-delivery missions, develops commercial lunar communications/navigation relay capability, and provides associated data, mission, and surface-infrastructure services.
Primary theme is lagging
Space is lagging (-13.9pp vs SPY over 21 sessions; 2 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Dependence on government contracts and budgets.
Market Nov 6Filing Jun 30Price action Nov 7Research Oct 27

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality1.3Valuation3.5ThemeMomentum1.0This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
SpaceLagging
vs SPY
−13.9pp
Theme return
−18.9%
Beating SPY
2 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$881.3M
Avg Volume (60D)
7.7M
60 sessions
Revenue Growth YoY
-9.2%
FY2025 vs FY2024
Gross Margin
+16.3%
Operating Margin
-28.0%
Trailing twelve months
Free Cash Flow Yield
-21.3%
Distance from 200DMA
-46.3%
Next Earnings
2026-11-12
P/E
N/M
EV / Sales
1.8x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Business Quality

1.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; intrinsic is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
Intuitive Machines, Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

What changed

  • LUNR rose 21.5% in one session
    LUNR closed +21.5% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Intuitive Machines is a direct lunar-infrastructure operator: it sells NASA lunar payload-delivery missions, develops commercial lunar communications/navigation relay capability, and provides associated data, mission, and surface-infrastructure services.
Opportunity
High opportunity
Government-led and commercial spending to establish repeatable lunar cargo delivery, cislunar communications and navigation, data services, and surface-operating capabilities needed for sustained Moon missions and an eventual lunar outpost.
Key risk
Dependence on government contracts and budgets.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Aerospace & Defense
What they do

Intuitive Machines operates as a space infrastructure and services company providing payload delivery, data transmission, and lunar surface access solutions primarily for space missions.

How it earns

The company generates revenue primarily through project-based contracts for payload delivery and space infrastructure services.

Products & services
Lunar payload delivery missions
Space-based data transmission and processing
Commercial lunar communications and navigation relay
Surface infrastructure services
Customers & end markets
Government space agencies (e.g., NASA)
Commercial space operators
Market position

Niche operator focused on lunar infrastructure and commercial space logistics.

Demand drivers
High cyclicality

Dependent on government space budgets and commercial lunar mission demand, which can be variable and project-driven.