$LUNR

NASA awarded up to $10 billion in contracts to eight companies, including SpaceX (SPCX), Intuitive Machines (LUNR), Firefly Aerospace (FLY), and Voyager Technologies (VOYG), for lunar delivery work. The stocks of these companies surged, with Firefly leading gains. SpaceX's market value increased by over $100 billion in a day, reflecting its broader AI and cloud computing ambitions. Rocket Lab (RKLB) also rose ahead of its earnings report.

NASA selected Intuitive Machines (LUNR) for its CLPS 2 contract, part of a 10-year framework with a $10B ceiling, potentially rising to $15B with an extension.

Intuitive Machines (LUNR) reported $920M in Q2 awards, pushing its backlog to $1.8B. Despite revenue growth, it operates at a loss with 4.3% gross margin and -41.5% operating margin. Analysts expect no profit until 2028. The company's stock is down 52% this year. Upcoming Q3 results on Nov. 12 will focus on gross margin and fixed-price mission costs.

LUNR's stock has a consensus 'Buy' rating with a $29 average price target, ranging from $13 to $43. The company secured a NASA contract for a 2029 satellite launch. Q3 earnings are expected on November 12, with revenue projected at $247.54 million and a loss of $0.12 per share. Retail sentiment has shifted to 'neutral'. LUNR shares are down 35% year-to-date.

B.Riley reduced its price target for Intuitive Machines (LUNR) to $34 from $43, citing sector multiple compression. The company reported 117% revenue growth over the last year but trades at a high valuation. B.Riley projects Q3 2026 revenue of $252M and EBITDA of $2.2M. LUNR is set to report Q3 results on November 12. NASA's $10B contract vendor list is expected November 7. Other analysts also lowered price targets but maintained Buy ratings.

Intuitive Machines (LUNR) stock rose 8% to $10.63 after securing a third NASA Earth science contract in six months, though it's still down 35% YTD. The company has a record backlog of $1.8B and expects $900M-$1B in 2026 revenue. Rocket Lab (RKLB) and SpaceX (SPCX) also gained 5% and 3%, respectively, amid a broader space-stock rally.

Intuitive Machines (LUNR) was chosen by NASA to provide the spacecraft platform for the FALCON-RADAR Earth science mission, targeting a 2029 launch. The mission will study clouds and convection using a W-Band radar. This is the third NASA Earth science mission for the company in six months, including EAGLE-VSWIR and EDGE.

KeyBanc reduced its price target for Intuitive Machines (LUNR) to $30, citing sector pressures. The stock is trading at $10.67, above its Fair Value of $9.79. Q2 revenue grew 310% YoY to $206M, but EBITDA loss was $13.8M. Stifel upgraded LUNR to Buy with a $26 target, while Cantor Fitzgerald and Canaccord also adjusted targets.

Intuitive Machines (LUNR) stock fell 27% in October, closing at $10.39. The company, which builds lunar landers and provides data services, reported Q2 2026 revenue of $206.17M, up from $50.31M a year earlier. Bulls highlight its record backlog and growing national security work, while bears point to operating cash burn and share dilution. The upcoming Q3 report is a key test for the company.

Intuitive Machines (LUNR) will release Q3 2026 earnings on Nov 12 before market open, followed by a conference call at 8:30 am ET. The company is a space infrastructure provider serving commercial, civil, and national security customers.