LUNR

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.

Shares of Intuitive Machines (NASDAQ:LUNR) are up 6% to $20.22 in early Monday trading after the company announced an authorization to proceed (ATP) on a multi-satellite communications program valued at more than $600 million.

HOUSTON, Aug. 17, 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, announced it has received an authorization to proceed from an undisclosed customer to begin work on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million. IM 1300TM rendering Under the agreement, Intuitive Machines will leverage its satellite communications expertise and industry-leading IM 1300TM satellite platform to design, manufacture, integrate, and support multiple spacecraft for a critical communications infrastructure mission.

Intuitive Machines Inc. LUNR shares rallied sharply on Friday after multiple Wall Street analysts shifted their focus from the company's second-quarter earnings miss to its rapidly expanding order backlog, arguing that the long-term growth outlook remains intact. The stock climbed about 8.14% to $18.99 during Friday's session after Stifel upgraded the lunar exploration company to Buy from Hold, despite lowering its price target to $26 from $32.

LUNR highlights a record $1.8B backlog, expanding satellite and lunar programs, and a push toward recurring space infrastructure revenues.

Shares of Intuitive Machines (NASDAQ:LUNR) are surging 10% to $19 and change on Friday morning, and Virgin Galactic (NYSE:SPCE) shares are gaining 10% as it approaches $3.50.

Q2 confirmed strong operating momentum, with revenue growth and backlog expanding materially despite weaker adjusted EBITDA. Dilution remains the key risk, but recent equity raises appear focused on funding growth rather than survival. Backlog reached ~$1.8 billion, with organic Q2 bookings demonstrating strong underlying demand beyond acquisition-driven growth.

Intuitive Machines NASDAQ: LUNR reported second-quarter revenue of $206 million, more than four times its prior-year result, as the company expanded its satellite manufacturing, lunar-services and national-security operations. Management reaffirmed full-year revenue guidance of $900 million to $1 billion and its expectation for positive adjusted EBITDA.

Intuitive Machines (LUNR) shares opened in the red this morning as a $14.7 million charge made the space exploration company come in shy of Q2 estimates. While LUNR posted a 4x year-on-year increase in its quarterly revenue to a record $206.2 million, and significantly expanded its backlog as well, the number fell notably short of nearly $224 million that experts had forecast.