Intuitive Machines stock swings on revenue miss, NASA loss, and capital raise
Intuitive Machines (LUNR) experienced volatile trading in late May to early June 2026. The company reported record Q1 revenue of $186.7 million but missed estimates, then lost a key NASA Lunar Terrain Vehicle contract to rivals Astrolab and Lunar Outpost, causing a 17% drop. Days later, shares fell another 12.8% after announcing a $500 million stock offering. Despite these setbacks, the company maintains a $1.1 billion backlog and bullish analyst ratings.
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Intuitive Machines Stock Crashes 10% as SpaceX IPO Triggers Sector Sell-Off
Intuitive Machines (LUNR) stock crashed 10% on June 12, 2026, the same day SpaceX (SPCX) made its record-breaking IPO debut. The article, written by Rich Smith of The Motley Fool, explains that the decline was driven by investors selling shares of other space stocks like Intuitive Machines to raise cash to buy SpaceX shares. The author had previously outlined three scenarios for how the SpaceX IPO could affect space stocks: 1) IPO fever lifting all space stocks, 2) SpaceX making competitors look less attractive, and 3) investors selling competitors to buy SpaceX. The first scenario played out over the past four months, with LUNR gaining 71%, but the third scenario materialized on IPO day. The article also notes that SpaceX's IPO prospectus revealed lower profitability than expected, potentially leaving room for Intuitive Machines to outperform if it reaches profitability first.
Yahoo FinanceIntuitive Machines Stock Sinks on $500 Million Share Offering and SpaceX IPO Rotation Fears
Intuitive Machines (LUNR) stock fell sharply on June 3, 2026, after announcing plans to sell up to $500 million in new shares through an at-the-market equity offering, causing dilution concerns of about 9.1%. This is the second major capital raise in six months. The broader space sector is also under pressure due to the anticipated SpaceX IPO, which targets a $1.75 trillion valuation, potentially drawing investor capital away from existing space stocks. Despite the selloff, Intuitive Machines reported strong Q1 revenue of $187 million (nearly triple year-over-year), reaffirmed full-year guidance of at least $900 million in revenue, and holds a $1.1 billion contract backlog with NASA and other agencies. However, the stock trades at a high multiple of 40x sales, raising valuation concerns.
Yahoo FinanceIntuitive Machines Stock Crashes on Plan to Raise $500 Million
Intuitive Machines (NASDAQ: LUNR) stock crashed 12.8% on Wednesday after the company announced plans to sell up to $500 million in new stock, its second capital raise in less than six months. The space stock had previously raised $175 million in February 2026 to fund the purchase of satellite-builder Lanteris for a NASA communications satellite constellation. Despite the larger raise, the sell-off was somewhat smaller than the previous one, partly because the stock had more than doubled from $15 to over $30 due to SpaceX IPO fever. The new offering would add 14.7 million shares to the 160.5 million outstanding, resulting in approximately 9.1% dilution. The Motley Fool's Stock Advisor did not include Intuitive Machines in its latest top 10 stock recommendations.
Yahoo FinanceIntuitive Machines Stock Crashes on Plan to Raise $500 Million in New Stock
Intuitive Machines (NASDAQ: LUNR) saw its stock price plummet 12.8% on June 3, 2026, after announcing plans to sell up to $500 million in new stock. This is the company's second capital raise in less than six months, following a $175 million raise in February 2026 to fund the purchase of satellite-builder Lanteris. The new offering would add 14.7 million shares, resulting in approximately 9.1% dilution for existing shareholders. Investors reacted negatively despite the stock having more than doubled since the previous raise, partly due to SpaceX IPO fever. The company plans to use the funds for its Earth-to-moon communications satellite constellation under a NASA contract. The sell-off was somewhat less severe than the previous one, as the higher stock price allows the company to raise more money with proportionally less dilution.
Yahoo FinanceLUNR Stock Wavers as NASA Selects Rivals Over Intuitive Machines
Intuitive Machines (LUNR) stock ended in the red on May 26 after NASA selected competitors Astrolab and Lunar Outpost for its Lunar Terrain Vehicle (LTV) contracts under the Artemis program, rejecting Intuitive Machines. The loss was notable as space stocks broadly rose that day on anticipation of SpaceX's IPO. Analyst Andres Sheppard had recently raised his price target to $43, citing the LTV contract as a key catalyst. The contract could have been worth up to $4.6 billion. Despite the setback, Intuitive Machines shares remain above their 2026 starting price. The company reiterated guidance for up to $1 billion in revenue and positive adjusted EBITDA this year, and holds contracts with a combined ceiling value of $6.4 billion. Wall Street maintains a bullish stance, with Barchart rating the stock a '100% BUY'.
Yahoo FinanceIntuitive Machines Stock Reverses Lower After NASA Rover Awards Go to Astrolab, Lunar Outpost
On May 26, 2026, Intuitive Machines (NASDAQ:LUNR) saw its stock reverse sharply lower, closing at $34.86, down 17.43%, after NASA awarded key Lunar Terrain Vehicle (LTV) contracts to competitors Astrolab and Lunar Outpost. The decline came despite the company reporting record first-quarter revenue of $186.7 million, positive adjusted EBITDA of $2.7 million, and a backlog of approximately $1.1 billion. Trading volume surged to 47.3 million shares, 231% above the three-month average. The broader market was positive, with the S&P 500 rising 0.62% and the Nasdaq Composite gaining 1.19%. The LTV decision is significant as rover systems are central to NASA's Artemis surface infrastructure. Investors are now focused on whether Intuitive Machines can convert its backlog into revenue and secure additional contracts. The article also includes a Motley Fool disclaimer noting that Intuitive Machines was not among their recommended top 10 stocks.
Yahoo FinanceCanaccord Raises Intuitive Machines Price Target to $41 on Strong Q1 Results and Government Contracts
Canaccord Genuity has raised its price target for Intuitive Machines (LUNR) from $24 to $41, maintaining a Buy rating. This upgrade follows the company's strong first-quarter fiscal 2026 performance, where revenue surged 199% year-over-year to $186.73 million, driven largely by the acquisition of Lanteris Space Systems. Notably, Intuitive Machines achieved a positive adjusted EBITDA of $2.67 million, marking a significant bottom-line inflection despite missing top-line expectations by 18%. The analyst firm cites two major government catalysts supporting this bullish outlook: NASA's Andromeda moon base initiative and the U.S. Space Force's Golden Dome missile defense program. These initiatives carry a combined potential ceiling value of $6.2 billion, offering substantial growth opportunities beyond the company's current $1.06 billion backlog. CEO Steve Altemus highlighted the company's record pace in winning new business, with $428.9 million in new awards during the quarter. The report positions Intuitive Machines as transitioning from a lunar specialist to a multi-domain space prime contractor, with a clearer path to sustained profitability despite potentially lumpy revenue timing in the near term.
Yahoo FinanceIntuitive Machines Shares Drop on Revenue Miss Despite Record Quarter
Intuitive Machines (NASDAQ:LUNR) shares declined over 3% in premarket trading after reporting first-quarter revenue of $186.7 million, missing Wall Street estimates of $200.12 million. Although revenue nearly tripled year-over-year due to the January acquisition of Lanteris Space Systems, the company posted an adjusted loss of $0.25 per share, wider than the expected $0.06 loss. Despite the miss, Intuitive Machines highlighted strong operational metrics, including a record quarterly adjusted EBITDA of $2.7 million and a backlog that surged to $1.1 billion. The company secured $428.9 million in new contracts, driven by NASA CLPS awards and Space Development Agency programs. CEO Steve Altemus emphasized rapid growth and value creation from recent acquisitions. Looking ahead, Intuitive Machines issued a full-year 2026 revenue guidance of $900 million to $1 billion, slightly above consensus estimates. Additionally, the firm signed an agreement to acquire Goonhilly Earth Station, further expanding its footprint in the space infrastructure sector.
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