Intuitive Machines Stock Soars on Sales, Outlook After Moon Mission Failure

• Intuitive Machines reported soaring revenue and gave a positive outlook as it expanded its customer base.

• The space technology company had a record-setting quarterly backlog.

• The news came two weeks after shares sank when Intuitive Machines’ mission to the moon was concluded because of a landing mishap.

Shares of Intuitive Machines (LUNR) flew nearly 20% higher Monday when the space technology provider’s sales and backlog soared, and it issued a rosy outlook as it added new customers.

The positive news came just two weeks after the company’s lunar lander mission ended following a landing mishap, which had sent shares tumbling.

Intuitive Machines reported fourth-quarter revenue that jumped nearly 80% year-over-year to $54.7 million. However, costs skyrocketed, with adjusted EBITDA sinking 146% to negative $11.2 million.

Backlog increased 22%, hitting a quarterly record of $328.3 million. The firm credited the gain to $303.7 million in new awards primarily associated with contracts from the National Aeronautics and Space Administration (NASA), and task order modifications to other contracts.

CEO Steve Altemus said the company’s “proven technologies and expertise are propelling us beyond NASA and cislunar space, expanding our reach into new markets and customers.”

Intuitive Machines sees full-year revenue in the range of $250 million to $300 million. It anticipates positive run-rate adjusted EBITDA by the end of 2025, and it predicts positive adjusted EBITDA for 2026.

The impact of the moon mission failure slashed the stock price in half. However, with today’s 18% advance, Intuitive Machines shares are still about 30% higher over the past year.

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