
Intuitive Machines' record $1.8B backlog offers 2026 revenue visibility, but conversion timing, margins and lunar execution costs remain key.
Intuitive Machines Inc. (LUNR) is a pioneering aerospace firm focused on lunar exploration and advanced space technology, playing a vital role in NASA's Artemis program. The company offers a wide array of services, including spacecraft design, transportation, payload delivery, and data management, showcasing its technological prowess and innovative solutions. As the commercial interest in lunar resources surges, Intuitive Machines is well-positioned to leverage new opportunities within the burgeoning space economy. With strong industry collaborations and a steadfast commitment to enhancing space exploration capabilities, LUNR presents a compelling investment opportunity for institutional investors in the aerospace sector.
| Revenue (TTM) | $490.12M |
| Gross Profit (TTM) | $80.13M |
| EBITDA | $-74.37M |
| Operating Margin | -18.10% |
| Return on Equity | -30.80% |
| Return on Assets | -5.52% |
| Revenue/Share (TTM) | $3.58 |
| Book Value | $-1.71 |
| Price-to-Book | — |
| Price-to-Sales (TTM) | 4.85 |
| EV/Revenue | 5.04 |
| EV/EBITDA | 26.58 |
| Quarterly Earnings Growth (YoY) | -81.00% |
| Quarterly Revenue Growth (YoY) | 309.80% |
| Shares Outstanding | $160.45M |
| Float | $131.61M |
| % Insiders | 5.21% |
| % Institutions | 93.86% |
Volatility is currently contracting

Intuitive Machines' record $1.8B backlog offers 2026 revenue visibility, but conversion timing, margins and lunar execution costs remain key.

Intuitive Machines' surging revenues and record backlog strengthen its growth case, but rich valuation, cash use and execution risks keep the investment setup balanced.

Intuitive Machines has plunged 46.4% in three months, but record backlog and rising production face profitability, valuation and execution risks.

Space and satellite names are pulling back Thursday morning even as major U.S. benchmarks climb, with a mix of company-specific catalysts failing to stem selling across the commercial space complex. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.

Space stocks have been on a wild ride this year. Many, if not all, rose by 50% to 100% at the peak, if not more, only to fall back to earth once the SpaceX NASDAQ: SPCX IPO was completed.

Intuitive Machines, a leading space infrastructure prime, is awarded a contract to build two IM 300(TM) series platforms for a new, undisclosed customer.

Regulatory friction at the Federal Communications Commission is turning a merger question into a share-price story, with SpaceX challenging Iridium Communications (NASDAQ:IRDM | IRDM Price Prediction) conduct as the agency reviews Rocket Lab's (NASDAQ:RKLB) pending $8 billion takeover.

Intuitive Machines expands beyond lunar landers as record revenue, a $1.8B backlog and rising national security demand fuel growth.

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 300TM spacecraft EAGLE-VSWIR (Explorer for Artemis Geology, Lunar, and Earth – Visible to Shortwave Infrared) will fly on the IM 300TM spacecraft bus and is targeted for launch in 2028.

When an emerging space technology provider moves from speculative lunar missions to permanent defense infrastructure, smart money takes notice. On Aug. 17, 2026, Intuitive Machines NASDAQ: LUNR received an authorization to proceed on a multi-satellite communications infrastructure program valued at over $600 million across a 30-month execution window.
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