Intuitive Machines, Inc. (NASDAQ:LUNR) shares rose about 15% Monday after NASA selected the company for its next-generation Commercial Lunar Payload Services 2 (CLPS 2) contract.
Details
The 10-year, multiple-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract expands the company’s opportunities to provide lunar delivery and space infrastructure services.
The contract has a combined ceiling of $10 billion across all awardees, potentially increasing to $15 billion if NASA exercises a five-year extension.
Services include payload delivery, lander acquisitions, technology development, orbital delivery, surface mobility, precision landing and lunar-night operations.
The selection builds on Intuitive Machines’ six previous NASA CLPS task order awards, including two in 2026.
CEO Steve Altemus said the expanded contract scope creates additional opportunities to support NASA’s lunar and broader space exploration requirements, including its Moon Base initiative.
In March, NASA awarded the company a $180.4 million contract for its Nova-D lunar lander, followed by an award worth up to $148.3 million in June for a production line-qualified Nova-C lander.
Financial Outlook
As of the end of the second quarter, the company had a backlog of $1.8 billion.
During its second-quarter earnings call, Intuitive Machines affirmed full-year revenue guidance of $900 million to $1 billion, compared with the $934.013 million estimate. The company also reiterated its expectation for positive adjusted EBITDA.
Intuitive Machines Earnings Date and Analyst Price Targets
Intuitive Machines is scheduled to report third-quarter results on Nov. 12.
- EPS Estimate: Loss of 12 cents (Down from Loss of 6 cents YoY)
- Revenue Estimate: $245.88 million (Up from $52.44 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $35.88. Recent analyst moves include:
- B. Riley Securities: Buy (Lowers Target to $34.00) (Nov. 4)
- Keybanc: Overweight (Lowers Target to $30.00) (Nov. 2)
- Macquarie: Initiated with Outperform (Target $25.00) (Oct. 16)
LUNR Price Action: Intuitive Machines shares were up 15% at $12.04 at the time of publication on Monday, according to Benzinga Pro data.
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