Intuitive Machines appointed Dr. Christopher Scolese to its Board and accepted the resignation of Mr. Michael Blitzer.
Quiver AI Summary
Intuitive Machines, Inc. announced the appointment of Dr. Christopher Scolese to its Board of Directors, effective October 22, 2026, following the resignation of Mr. Michael Blitzer on October 21, 2026. Dr. Scolese, who has extensive experience in civil and national security space programs, previously served as Director of the National Reconnaissance Office and held senior positions at NASA. His expertise in developing complex space systems is expected to guide the company's expansion of space infrastructure for various customers. The chairman of Intuitive Machines, Kam Ghaffarian, praised Dr. Scolese's knowledge of national space priorities and acknowledged Mr. Blitzer's significant contributions to the company since its public listing in 2023. Intuitive Machines focuses on creating mission-critical spacecraft and systems for commercial, civil, and national security applications, aiming to support sustained activities in space.
Potential Positives
- The appointment of Dr. Christopher Scolese to the Board of Directors enhances the company's leadership with significant expertise in civil and national security space programs.
- Dr. Scolese's extensive background with NASA and the National Reconnaissance Office positions him to guide the company's strategic growth in the space infrastructure sector.
- The acknowledgment of Mr. Blitzer's contributions highlights a strong leadership transition and the company's commitment to continuity and stability as it evolves.
Potential Negatives
- The resignation of Mr. Michael Blitzer, a co-founder and significant contributor, may raise concerns about leadership stability and the company's future direction.
- The appointment of Dr. Christopher Scolese, while noted for his experience, may create uncertainty regarding how his leadership will align with the existing company vision and strategy after a change in direction.
FAQ
Who is the new member of Intuitive Machines' Board of Directors?
Dr. Christopher Scolese has been appointed to the Board of Directors as of October 22, 2026.
What prior positions did Dr. Christopher Scolese hold?
Dr. Scolese has served as Director of the National Reconnaissance Office and held senior roles at NASA.
When did Mr. Michael Blitzer resign from Intuitive Machines?
Mr. Michael Blitzer resigned from his position effective October 21, 2026.
What contributions did Michael Blitzer make to Intuitive Machines?
Mr. Blitzer significantly contributed to the Company's public listing and supported its strategic initiatives since 2023.
What is the focus of Intuitive Machines?
Intuitive Machines focuses on building space infrastructure and providing capabilities for commercial, civil, and national security customers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LUNR Insider Trading Activity
$LUNR insiders have traded $LUNR stock on the open market 36 times in the past 6 months. Of those trades, 0 have been purchases and 36 have been sales.
Here’s a breakdown of recent trading of $LUNR stock by insiders over the last 6 months:
- INTERNATIONAL, L.P. ADVENT sold 11,495,514 shares for an estimated $147,602,399
- KAMAL SEYED GHAFFARIAN has made 0 purchases and 28 sales selling 1,373,485 shares for an estimated $31,138,803.
- TIMOTHY PRICE II CRAIN (SVP & Chief Technology Officer) has made 0 purchases and 5 sales selling 300,000 shares for an estimated $5,431,114.
- WILLIAM JOHN JR LIQUORI sold 18,321 shares for an estimated $547,248
- STEVEN VONTUR (See Remarks) sold 3,050 shares for an estimated $49,196
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LUNR Revenue
$LUNR had revenues of $206.2M in Q2 2026. This is an increase of 309.77% from the same period in the prior year.
You can track LUNR financials on Quiver Quantitative's LUNR stock page.
You can access data on LUNR stock through the Quiver Quantitative API.
$LUNR Hedge Fund Activity
We have seen 205 institutional investors add shares of $LUNR stock to their portfolio, and 114 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ADVENT INTERNATIONAL, L.P. added 22,991,028 shares (+inf%) to their portfolio in Q2 2026, for an estimated $491,778,088
- MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. added 6,822,991 shares (+inf%) to their portfolio in Q2 2026, for an estimated $145,943,777
- TWO SIGMA INVESTMENTS, LP added 4,846,745 shares (+535.2%) to their portfolio in Q2 2026, for an estimated $103,671,875
- TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA removed 3,066,430 shares (-94.5%) from their portfolio in Q2 2026, for an estimated $65,590,937
- TIDAL INVESTMENTS LLC added 3,013,162 shares (+inf%) to their portfolio in Q2 2026, for an estimated $64,451,535
- ALYESKA INVESTMENT GROUP, L.P. removed 2,645,940 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $56,596,656
- BLACKROCK, INC. added 2,225,738 shares (+22.2%) to their portfolio in Q2 2026, for an estimated $47,608,535
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$LUNR Analyst Ratings
Wall Street analysts have issued reports on $LUNR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Roth Capital issued a "Buy" rating on 05/15/2026
To track analyst ratings and price targets for $LUNR, check out Quiver Quantitative's $LUNR forecast page.
$LUNR Price Targets
Multiple analysts have issued price targets for $LUNR recently. We have seen 5 analysts offer price targets for $LUNR in the last 6 months, with a median target of $43.0.
Here are some recent targets:
- Suji Desilva from Roth Capital set a target price of $75.0 on 05/28/2026
- Andres Sheppard from Cantor Fitzgerald set a target price of $43.0 on 05/19/2026
- Mike Crawford from B. Riley Securities set a target price of $45.0 on 05/15/2026
- Austin Moeller from Canaccord Genuity set a target price of $41.0 on 05/15/2026
- Michael Leshock from Keybanc set a target price of $27.0 on 04/29/2026
Full Release
HOUSTON, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) ("Intuitive Machines," and together with its subsidiaries, the "Company"), a leading space technology, infrastructure, and services company, today announced the appointment of Dr. Christopher Scolese to its Board of Directors, effective October 22, 2026, and the resignation of Mr. Michael Blitzer, effective October 21, 2026.
Dr. Scolese brings decades of executive leadership across the nation's civil and national security space programs, including service as Director of the National Reconnaissance Office (NRO) and in senior leadership positions at NASA. His experience developing and operating complex space systems will help shape the expansion of Intuitive Machines' space infrastructure for commercial, civil, and national security customers.
“Chris brings an exceptional understanding of the nation's space priorities and what it takes to deliver,” said Kam Ghaffarian, Chairman of the Board of Intuitive Machines. “His leadership across civil and national security space programs will help guide Intuitive Machines' growth as we scale our space infrastructure for commercial, civil, and national security customers.”
“Intuitive Machines recognizes Mr. Blitzer's significant contributions to the Company,” continued Ghaffarian. “Since helping take Intuitive Machines public in 2023, he has been a steadfast advocate and trusted supporter, demonstrating continued confidence in the Company's vision through subsequent capital raises, strategic acquisitions, and key milestones. The Company is grateful for his leadership, counsel, and unwavering support.”
Dr. Scolese currently leads the Vanderbilt Institute for Innovations Beyond Earth and holds a distinguished faculty appointment in Vanderbilt University's Department of Electrical and Computer Engineering. From 2019 to 2026, he served as Director of the NRO, overseeing the design, development, launch, and operation of the nation's intelligence, surveillance, and reconnaissance satellites supporting the Department of Defense and intelligence community.
Previously, Dr. Scolese held numerous senior leadership positions at NASA, including Director of Goddard Space Flight Center from 2012 to 2019, Associate Administrator, Acting Administrator, and Chief Engineer. In these roles, he oversaw major scientific and engineering programs, spacecraft development, and the implementation of the nation's civil space program.
Dr. Scolese began his government career as a U.S. Naval Officer supporting naval nuclear propulsion programs. He holds a bachelor’s degree in electrical and computer engineering from the State University of New York at Buffalo and master's and doctoral degrees in engineering from George Washington University.
About Intuitive Machines
Intuitive Machines is a next-generation space infrastructure company delivering integrated capabilities that build mission-critical spacecraft and systems, connect networks, and operate space infrastructure across Earth orbit, cislunar space, and deep space. Serving commercial, civil, and national security customers, the company enables resilient, scalable infrastructure that supports sustained exploration, communications, security, and commerce beyond Earth.
Contacts
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