Intuitive Machines secures $8.2 million from the U.S. Air Force to develop nuclear power systems for space missions.
Quiver AI Summary
Intuitive Machines, Inc. has received an $8.2 million contract extension from the U.S. Air Force Research Laboratory to develop next-generation nuclear power systems for spacecraft and lunar infrastructure. This funding aims to advance compact nuclear power conversion technology, enabling longer missions beyond the limitations of solar power, especially under harsh conditions like the lunar night. Building on a previous $9.5 million project, Intuitive Machines will prepare the system for flight, transitioning from design to actual hardware. The Stirling-based power conversion system will be tested on the ISS to demonstrate its capabilities, providing reliable energy for space missions, which is vital for national security operations and lunar navigation. Through this initiative, the company is positioning itself for future nuclear power opportunities while enhancing its infrastructure services for lunar missions.
Potential Positives
- Intuitive Machines secured an $8.2 million contract extension from the U.S. Air Force, showcasing strong governmental support and potential for future contracts in developing next-generation nuclear power systems for space.
- The advancement of compact nuclear power conversion technology positions Intuitive Machines to overcome solar power limitations, enabling longer missions on the Moon and in deep space, enhancing their technical leadership in the sector.
- The successful Preliminary Design Review for the Stirling-based power conversion system reflects well on the company’s engineering capabilities and readiness to transition from design to flight hardware.
- The ongoing development under the AFRL program is expected to strengthen Intuitive Machines' position for future nuclear power programs, including collaborations with NASA, signaling growth opportunities in commercial space infrastructure services.
Potential Negatives
- The press release heavily relies on forward-looking statements, indicating uncertainty about future outcomes and introducing risks that could impact the company's performance.
- Reference to previous contracts and funding amounts may raise concerns about the company's reliance on government contracts for revenue and development.
- Potential risks associated with handling energetic materials and the operational risks of commercial spaceflight could deter investors or partners due to perceived safety and regulatory challenges.
FAQ
What is the recent contract extension for Intuitive Machines about?
Intuitive Machines received an $8.2 million contract extension from the U.S. Air Force to develop next-generation nuclear power systems for space.
How does nuclear power benefit space missions?
Nuclear power overcomes solar limitations, enabling longer missions on the Moon and in deep space, especially during extreme conditions.
What technology is being developed by Intuitive Machines?
The company is developing Stirling-based power conversion technology for compact nuclear power systems that provide continuous energy in space.
What is the START experiment?
The Stirling Technology spAce Research experimenT (START) aims to demonstrate Stirling power conversion technology aboard the ISS National Laboratory.
How does this development impact future space missions?
This technology could enhance stealth operations, navigation, and sustainable power solutions for future lunar and deep space missions.
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 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $LUNR stock by insiders over the last 6 months:
- KAMAL SEYED GHAFFARIAN has made 0 purchases and 6 sales selling 402,540 shares for an estimated $4,913,817.
- PETER MCGRATH (SVP and CFO) sold 72,168 shares for an estimated $866,016
- ANNA CHIARA JONES (GC & Corporate Secretary) sold 14,518 shares for an estimated $145,180
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LUNR Hedge Fund Activity
We have seen 138 institutional investors add shares of $LUNR stock to their portfolio, and 86 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 3,876,122 shares (+94.5%) to their portfolio in Q2 2025, for an estimated $42,133,446
- ROYAL BANK OF CANADA added 1,413,809 shares (+6045.3%) to their portfolio in Q2 2025, for an estimated $15,368,103
- TWO SIGMA ADVISERS, LP added 1,399,605 shares (+6823.7%) to their portfolio in Q2 2025, for an estimated $15,213,706
- RENAISSANCE TECHNOLOGIES LLC removed 1,335,500 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $14,516,884
- GEODE CAPITAL MANAGEMENT, LLC added 1,141,454 shares (+78.6%) to their portfolio in Q2 2025, for an estimated $12,407,604
- MILLENNIUM MANAGEMENT LLC added 1,057,258 shares (+61.3%) to their portfolio in Q2 2025, for an estimated $11,492,394
- VOYA INVESTMENT MANAGEMENT LLC added 954,778 shares (+56.1%) to their portfolio in Q3 2025, for an estimated $10,044,264
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LUNR Analyst Ratings
Wall Street analysts have issued reports on $LUNR in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- B of A Securities issued a "Underperform" rating on 08/25/2025
- Canaccord Genuity issued a "Buy" rating on 08/19/2025
- Cantor Fitzgerald issued a "Overweight" rating on 05/14/2025
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 4 analysts offer price targets for $LUNR in the last 6 months, with a median target of $14.5.
Here are some recent targets:
- Ronald Epstein from B of A Securities set a target price of $8.5 on 08/25/2025
- Austin Moeller from Canaccord Genuity set a target price of $18.5 on 08/19/2025
- David Strauss from Barclays set a target price of $13.0 on 05/22/2025
- Andres Sheppard from Cantor Fitzgerald set a target price of $16.0 on 05/14/2025
Full Release
HOUSTON, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR), a leading space technology and infrastructure services company, today announced an $8.2 million contract extension from the U.S. Air Force Research Laboratory’s Space Vehicles Directorate (AFRL/RV) to develop next-generation nuclear power systems for spacecraft and lunar infrastructure. Intuitive Machines is using the funding to accelerate readiness of compact nuclear power conversion technology that overcomes solar power limitations and enables lengthier missions on the Moon and in deep space.
The award builds on Intuitive Machines’ earlier $9.5 million progress under a previous AFRL program, an initiative led by AFRL to develop compact nuclear power systems for space applications. That effort included the design of a Stirling-based power conversion system, which transforms heat from a radioisotope source into electricity. That phase culminated in a successful Preliminary Design Review by Intuitive Machines in September. With this new funding, the Company will begin preparing the system for flight, marking a critical step toward demonstrating space-based nuclear power in orbit.
Solar is the most pervasively used energy source to power today’s space missions. However, current approaches limit mission duration in harsh environments like the two-week-long lunar night where temperatures fall below –200 Fahrenheit. These conditions prevent systems from operating without supplemental power systems like radioisotope thermoelectric generators or battery banks that add bulk, weight, and complexity to the mission footprint. Intuitive Machines believes demand is growing for reliable, scalable energy systems like Stirling engines, which offer continuous power and heat in a much smaller package to support spacecraft and planetary surface missions. Intuitive Machines is meeting that demand by building reliable, scalable energy systems that may power spacecraft and planetary surface missions beyond solar powered limitations.
“This award moves us from design to flight hardware, which is a critical step toward proving that compact nuclear power systems can survive and perform in space,” said Tim Crain Ph.D., co-founder and chief growth officer for Intuitive Machines. “Because Intuitive Machines is vertically integrated across space data, infrastructure, and delivery services, we can rapidly innovate across the entire mission lifecycle and deliver compact, high-performance technologies and scalable solutions required for sustained operations in space.”
START: Driving Sustainable Space Operations
The Stirling Technology spAce Research experimenT (START) is a flight experiment designed to demonstrate Stirling power conversion technology in space. While onboard the ISS National Laboratory, the Stirling system will be exposed to conditions that cause conventional power systems to degrade more quickly, limiting their operational lifespan and cutting missions short.
By flying the Stirling technology on the ISS National Lab, Intuitive Machines intends to raise the nuclear power technology system’s readiness level from prototype to space-flown, which is a critical step toward commercial, civil, and national security space flight-ready acceptance. The Stirling technology is designed to support critical mission needs by delivering compact, continuous power in space. These capabilities are essential for enabling stealth spacecraft operations in national security missions, ensuring generators remain functional during prolonged darkness and extreme cold, and powering Position, Navigation, and Timing (“PNT”) beacons with long-duration nuclear energy to support sustained lunar navigation. In addition, Intuitive Machines has been studying high powered nuclear fission-based systems under contract to the Department of Energy with funding provided by NASA’s Fission Surface Power (“FSP”) project.
“We believe the progress under the AFRL program strengthens our position for future nuclear power programs including NASA’s FSP initiative,” said Crain. “Maturing dynamic power conversion and control technologies that scale is how we evolve from a lunar delivery to a commercial infrastructure service provider on the Moon.”
About Intuitive Machines
Intuitive Machines is a diversified space technology, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully soft-landed the Company’s Nova-C class lunar lander, on the Moon, returning the United States to the lunar surface for the first time since 1972. In 2025, Intuitive Machines returned to the lunar south pole with a second lander. The Company’s products and services are focused through three pillars of space commercialization: Delivery Services, Data Transmission Services, and Infrastructure as a Service.
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 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, results and plans relating to the execution and completion of the AFRL Program. 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: any delayed launches, launch failures, failure of our satellites or lunar landers to reach their planned orbital locations, risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; failure of our products to operate in the expected manner or defects in our sub-systems; failure to comply with various laws and regulations relating to various aspects of our business; and other public filings and press releases other factors detailed under 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 our Current Reports on Form 8-K, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov .
These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
Contacts
For investor inquiries:
[email protected]
For media inquiries:
[email protected]