Intuitive Machines secures a $180.4 million NASA contract for lunar payload delivery using its Nova-D lunar lander.
Quiver AI Summary
Intuitive Machines, Inc. has received a $180.4 million contract from NASA to deliver seven science and technology payloads, including a lunar rover from the Australian Space Agency, to the Lunar South Pole Region. This contract is part of NASA's Commercial Lunar Payload Services initiative and represents the company's fifth task order in this program, utilizing their larger Nova-D lunar lander for the mission. Intuitive Machines aims to enhance its space infrastructure and capabilities through upcoming lunar missions, including IM-5, which targets the Mons Malapert area for its advantages in communication and surface operations. Key payloads for IM-5 will include advanced instruments for analyzing lunar conditions and a next-generation rover developed by Honeybee Robotics. The company's track record includes successful lunar missions and extensive spacecraft operations, positioning it as a leader in space technology and infrastructure services.
Potential Positives
- NASA awarded Intuitive Machines a significant $180.4 million contract to deliver multiple payloads, including a lunar rover, enhancing the company's portfolio and credibility in the space industry.
- This contract marks Intuitive Machines' fifth task order under NASA's Commercial Lunar Payload Services initiative, indicating ongoing trust and partnership with a key government agency.
- The IM-5 mission will utilize larger cargo capabilities (Nova-D lunar lander), showcasing the company's technological advancements and ability to support complex lunar operations.
- Successful execution of this mission will likely advance national objectives and support future Artemis missions, positioning Intuitive Machines as a critical player in lunar exploration and space infrastructure development.
Potential Negatives
- The press release heavily relies on forward-looking statements, indicating the potential for significant uncertainty in achieving stated goals and projections.
- The mention of the award being the first to require a larger cargo class lunar lander suggests that the company is venturing into new and potentially risky territory, raising questions about its readiness and capability.
- While the press release highlights previous successes, the reliance on upcoming missions (IM-3, IM-4, IM-5) to build on these successes implies that past achievements may not guarantee future performance.
FAQ
What is the value of Intuitive Machines' new NASA contract?
The contract awarded to Intuitive Machines is valued at $180.4 million.
What payloads will Intuitive Machines deliver to the Moon?
The Company will deliver seven science and technology payloads, including lunar rovers and various scientific instruments.
What is the significance of the Nova-D lunar lander?
The Nova-D lunar lander is designed for larger cargo capacity to deliver science and technology payloads autonomously on the lunar surface.
How many CLPS task orders has Intuitive Machines received?
This award marks Intuitive Machines' fifth task order under NASA's Commercial Lunar Payload Services (CLPS) initiative.
What is the IM-5 mission's target location on the Moon?
The IM-5 mission will target Mons Malapert, a ridge near the Lunar South Pole region.
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 27 times in the past 6 months. Of those trades, 2 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $LUNR stock by insiders over the last 6 months:
- STEPHEN J ALTEMUS (Chief Executive Officer) has made 0 purchases and 10 sales selling 3,086,803 shares for an estimated $51,966,675.
- TIMOTHY PRICE II CRAIN (SVP & Chief Technology Officer) has made 0 purchases and 12 sales selling 723,226 shares for an estimated $12,388,295.
- MICHAEL BLITZER has made 2 purchases buying 241,080 shares for an estimated $2,190,434 and 0 sales.
- PETER MCGRATH (SVP and CFO) sold 25,541 shares for an estimated $445,332
- ANNA CHIARA JONES (See Remarks) sold 16,779 shares for an estimated $292,558
- STEVEN VONTUR (See Remarks) sold 4,343 shares for an estimated $75,724
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$LUNR Revenue
$LUNR had revenues of $44.8M in Q4 2025. This is a decrease of -18.07% from the same period in the prior year.
You can track LUNR financials on Quiver Quantitative's LUNR stock page.
$LUNR Hedge Fund Activity
We have seen 141 institutional investors add shares of $LUNR stock to their portfolio, and 138 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- D. E. SHAW & CO., INC. added 3,486,509 shares (+3258.0%) to their portfolio in Q4 2025, for an estimated $56,586,041
- TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA added 2,571,424 shares (+381.0%) to their portfolio in Q4 2025, for an estimated $41,734,211
- POINT72 ASSET MANAGEMENT, L.P. added 2,490,539 shares (+850.5%) to their portfolio in Q4 2025, for an estimated $40,421,447
- BANK OF AMERICA CORP /DE/ removed 2,025,520 shares (-75.7%) from their portfolio in Q4 2025, for an estimated $32,874,189
- FIRST TRUST ADVISORS LP removed 1,943,078 shares (-79.2%) from their portfolio in Q4 2025, for an estimated $31,536,155
- CITADEL ADVISORS LLC removed 1,860,433 shares (-98.1%) from their portfolio in Q4 2025, for an estimated $30,194,827
- BLACKROCK, INC. added 1,826,951 shares (+22.2%) to their portfolio in Q4 2025, for an estimated $29,651,414
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$LUNR Analyst Ratings
Wall Street analysts have issued reports on $LUNR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Clear Street issued a "Buy" rating on 12/29/2025
- Keybanc issued a "Overweight" rating on 12/19/2025
- B of A Securities issued a "Underperform" rating on 11/19/2025
- Canaccord Genuity issued a "Buy" rating on 11/07/2025
- Stifel issued a "Buy" rating on 11/03/2025
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 8 analysts offer price targets for $LUNR in the last 6 months, with a median target of $23.0.
Here are some recent targets:
- Jonathan Siegmann from Stifel set a target price of $22.0 on 03/23/2026
- Austin Moeller from Canaccord Genuity set a target price of $24.0 on 03/20/2026
- Andres Sheppard from Cantor Fitzgerald set a target price of $26.0 on 03/20/2026
- Edison Yu from Deutsche Bank set a target price of $22.0 on 03/20/2026
- Michael Leshock from Keybanc set a target price of $26.0 on 01/28/2026
- Greg Pendy from Clear Street set a target price of $25.0 on 12/29/2025
- Mike Crawford from B. Riley Securities set a target price of $20.0 on 12/22/2025
Full Release
HOUSTON, March 24, 2026 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines”, together with its subsidiaries, the “Company”), a space technology, infrastructure, and services leader, today announced that NASA has awarded the Company a $180.4 million contract to deliver seven science and technology payloads, including an Australian Space Agency lunar rover and technologies from Blue Origin’s Honeybee Robotics, to the Lunar South Pole Region. The Company’s space infrastructure, Lunar landing system, Space Data Network (“SDN”), and autonomous surface operations capabilities will be used to support payload delivery.
As part of NASA’s Commercial Lunar Payload Services (“CLPS”) initiative, this award marks Intuitive Machines’ fifth CLPS task order and the first to require a larger cargo class (Nova-D) lunar lander to deliver science and technology payloads and return valuable data while autonomously operating on the lunar surface. Additional commercial payload mass is expected to be made available beyond the CLPS complement.
A rendering of the Intuitive Machines larger cargo class (Nova-D) lunar lander is pictured above with the Honeybee Robotics lunar rover (lower right) and the Australian Space Agency’s Roo-Ver lunar rover (lower left).
Intuitive Machines has proven the performance of its scalable space infrastructure through its successful IM-1 and IM-2 missions, including the first commercial spacecraft to land and operate on the Moon and the southernmost lunar surface operations ever achieved. The Company is scheduled to incorporate lessons learned and build on this foundation with its upcoming IM-3, IM-4, and IM-5 flights, including the use of its SDN to provide the persistent connectivity required across the lunar surface and the broader space domain.
“We believe our space infrastructure provides the scalability and flexibility needed to support an increased cadence of new Artemis missions and advance national objectives. This CLPS award accelerates our expansion efforts as we build, connect, and operate the systems powering that infrastructure,” said Steve Altemus, CEO of Intuitive Machines. “We look forward to working closely with NASA to deliver mission success on IM-5 and to provide sustained operations and persistent connectivity in the cislunar environment and across the solar system.”
The IM-5 mission will target Mons Malapert, a ridge near the Lunar South Pole that offers continuous Earth visibility, stable illumination conditions, and access to permanently shadowed regions. These characteristics make the site a compelling location for future communications, navigation, and surface infrastructure.
IM-5 payloads include:
- Multifunctional Nanosensor Platform (MNP) – A highly compact, sensitive chemical analysis instrument designed to advance understanding of plume surface interactions and their effects, informing the design of safer, more sustainable landing systems and surface operations in direct support of NASA’s broader lunar exploration objectives. The MNP will be integrated into the Australian Space Agency’s Lunar Rover (Roo-ver).
- Lunar Vehicle Radiation Dosimeter system (LVRad) – A suite of four radiation detectors designed to quantify the radiation environment on the lunar surface and assess its potential impacts on human-related activities on the Moon.
- NASA’s Laser Retroreflector Array (LRA) – A small device that reflects laser beams transmitted by Moon orbiters or landing spacecraft to help determine their orbit position or navigate to the surface.
- Stereo Cameras for Lunar Plume Surface Studies (SCALPSS) – A stereo imaging system that captures high resolution imagery of plume surface interactions during descent and landing.
- Sanctuary – A passive time capsule payload containing sapphire discs that preserve examples of humanity’s achievements.
- Mass Spectrometer Observing Lunar Operations (MSolo) – A quadrupole mass spectrometer that characterizes the lunar exosphere and monitors volatile species.
- Near InfraRed Volatiles Spectrometer System (NIRVSS) – A modular instrument suite used to detect and map volatiles and analyze regolith composition.
The IM-5 lander also will carry the Honeybee Robotics next-generation lunar rover, which will host the NIRVSS instrument suite. Honeybee Robotics, a Blue Origin company, develops advanced robotic systems, rovers, and mechanisms for missions to the Moon, Mars, and other planetary bodies. Honeybee may also provide other capabilities, such as sampling, sensing, robotics, and autonomy, that will enhance surface exploration.
About Intuitive Machines
Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure-as-a-service for commercial, civil, and national security customers.
With a proven track record across the space domain, the Company, through organic growth and portfolio expansion, has built over 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system.
These capabilities form an integrated Built-Connect-Operate infrastructure service company, enabling customers to achieve mission and campaign outcomes through a single prime solution. Intuitive Machines’ technology has been demonstrated across the space domain and is engineered to support the next century of opportunity in space.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our expectations and plans relating to our lunar missions, including the expected timing of launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, including our performance on future lunar missions, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; information regarding our expectations on revenue generation and cash. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: our factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov .
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/576dd288-1cfb-4c11-a146-70b47d4487ec