Intuitive Machines will provide spacecraft and mission solutions for NASA's EAGLE-VSWIR Earth observation mission, launching in 2028.
Quiver AI Summary
Intuitive Machines, Inc. has been selected by NASA's Jet Propulsion Laboratory to provide the spacecraft platform and mission solutions for the EAGLE-VSWIR Earth observation mission, scheduled for launch in 2028. This mission, which will utilize the IM 300 spacecraft bus, aims to conduct surface biology and geology observations using a hyperspectral instrument, contributing to future lunar and Mars exploration efforts. This announcement marks the company's second collaboration with NASA on low Earth orbit science missions, following previously awarded work on the EDGE mission. Intuitive Machines emphasizes its capability to deliver rapid and cost-effective solutions, leveraging its manufacturing scale and expertise to support a variety of space missions across commercial, civil, and national security sectors.
Potential Positives
- Intuitive Machines has been selected by NASA to provide key spacecraft and mission solutions for the EAGLE-VSWIR Earth observation mission, showcasing the company's expertise in the space technology sector.
- This agreement marks Intuitive Machines' second involvement in a NASA low Earth orbit science mission, indicating growing trust and reliance on the company's capabilities by a major governmental agency.
- The mission aims to support not only Earth's science but also future lunar and Mars exploration, highlighting Intuitive Machines' role in advancing broader space exploration initiatives.
- The press release emphasizes the company's efficient Build, Connect, Operate model, suggesting potential for cost-effective solutions in a competitive space industry environment.
Potential Negatives
- The press release contains numerous forward-looking statements, which may lead to uncertainty regarding the company's future performance and could result in investor skepticism.
- The emphasis on delivering missions under tighter cost caps suggests potential pressure on the company's operational efficiency and profitability.
- Past performance on government contracts, as mentioned, does not guarantee future successes, indicating that Intuitive Machines may face challenges sustaining this momentum.
FAQ
What is the EAGLE-VSWIR mission?
The EAGLE-VSWIR mission is an Earth observation initiative aimed at studying surface biology and geology from orbit.
Who selected Intuitive Machines for the EAGLE-VSWIR project?
Nasa's Jet Propulsion Laboratory selected Intuitive Machines to provide the spacecraft platform and integration for the mission.
What spacecraft platform will be used for EAGLE-VSWIR?
The mission will utilize the IM 300TM spacecraft platform developed by Intuitive Machines.
When is the EAGLE-VSWIR mission scheduled to launch?
The EAGLE-VSWIR mission is targeted for launch in 2028.
How does Intuitive Machines support NASA's science missions?
Intuitive Machines helps NASA by providing efficient spacecraft manufacturing and integration solutions to meet tight timelines and budgets.
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 43 times in the past 6 months. Of those trades, 0 have been purchases and 43 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 32 sales selling 1,702,908 shares for an estimated $39,879,695.
- TIMOTHY PRICE II CRAIN (SVP & Chief Technology Officer) has made 0 purchases and 6 sales selling 308,447 shares for an estimated $6,111,927.
- PETER MCGRATH (SVP and CFO) sold 24,554 shares for an estimated $579,670
- WILLIAM JOHN JR LIQUORI sold 18,321 shares for an estimated $547,248
- STEPHEN J ALTEMUS (Chief Executive Officer) sold 13,751 shares for an estimated $324,633
- ANNA CHIARA JONES (SVP, CLO & Corporate Secretary) sold 4,911 shares for an estimated $115,938
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$LUNR Revenue
$LUNR had revenues of $206.2M in Q2 2026. This is an increase of 309.77% from the same period in the prior year.
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$LUNR Hedge Fund Activity
We have seen 217 institutional investors add shares of $LUNR stock to their portfolio, and 142 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
- CITADEL ADVISORS LLC removed 3,172,303 shares (-87.0%) from their portfolio in Q2 2026, for an estimated $67,855,561
- TEMA ETFS LLC added 3,102,854 shares (+139768.2%) to their portfolio in Q2 2026, for an estimated $66,370,047
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$LUNR Analyst Ratings
Wall Street analysts have issued reports on $LUNR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Roth Capital issued a "Buy" rating on 05/15/2026
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$LUNR Price Targets
Multiple analysts have issued price targets for $LUNR recently. We have seen 7 analysts offer price targets for $LUNR in the last 6 months, with a median target of $41.0.
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
- Jonathan Siegmann from Stifel set a target price of $22.0 on 03/23/2026
- Edison Yu from Deutsche Bank set a target price of $22.0 on 03/20/2026
Full Release
HOUSTON, Aug. 18, 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 that it has been selected by NASA's Jet Propulsion Laboratory in Southern California to provide the spacecraft platform, system-level integration, and mission solutions for EAGLE-VSWIR, an Earth observation mission under NASA's Earth Science Division.
Rendering of EAGLE-VSWIR on the IM 300 TM spacecraft
EAGLE-VSWIR (Explorer for Artemis Geology, Lunar, and Earth – Visible to Shortwave Infrared) will fly on the IM 300 TM spacecraft bus and is targeted for launch in 2028. The mission will be equipped with a hyperspectral visible to shortwave infrared (VSWIR) instrument designed to perform surface biology and geology observations from Earth orbit while demonstrating technologies that could support future lunar and Mars exploration missions.
The award marks the second NASA low Earth orbit science mission Intuitive Machines is supporting. As discussed on a previous earnings call, Intuitive Machines was selected to provide an IM 500 spacecraft bus and system-level integration for NASA's EDGE (Earth Dynamics Geodetic Explorer) mission, managed by NASA's Goddard Space Flight Center and led by Principal Investigator Dr. Helen Amanda Fricker of the Scripps Institution of Oceanography at the University of California San Diego.
"NASA's science missions are being asked to deliver faster and inside tighter cost caps, and that is exactly the problem our platforms solve," said Anand Mahendra, Chief Growth Officer, Intuitive Machines. "Our Build, Connect, Operate model puts spacecraft manufacturing at scale behind Intuitive Machines' mission systems and integration expertise. Earth science is a natural extension of the same capability we bring to our commercial, civil, and national security customers."
Under the agreement, Intuitive Machines will deliver the IM 300 spacecraft platform, perform system-level integration of the VSWIR instrument developed at JPL in support of the EAGLE-VSWIR mission, as well as manage the Mission Operations and Ground Segment scope. The Company's spacecraft platforms and mission integration capabilities enable rapid, cost-effective delivery of science missions for civil, national security, and commercial customers. The IM 300 series platform has customers across national security and civil programs.
About Intuitive Machines
Intuitive Machines is a next-generation space infrastructure company delivering integrated capabilities across spacecraft manufacturing, communications, networks, mission operations, and ground infrastructure to build, connect, and operate systems across Earth orbit, cislunar space, and deep space. Serving commercial, civil, and national security customers, Intuitive Machines is focused on enabling resilient, scalable infrastructure for sustained operations 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 and satellites, including the expected timing of building our satellites and landers, 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 and commercial 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.
Contacts
For investor inquiries: [email protected]
For media inquiries: [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b05032a7-a4ee-46cb-8d76-544f2513137c