Intuitive Machines' Stock Rises 24% after It Aims to Expand Beyond NASA

TradingKey - Intuitive Machines' stock soared 24% on Monday, fueled by strong earnings growth. The company had previously seen its shares decline following the unsuccessful landing of one of its spacecraft on the Moon, yet the stock has still risen approximately 30% over the past year.

In 2024 Q4, Intuitive Machines reported a 79% increase in revenue, primarily driven by space contracts. One significant contract involves comprehensive multidisciplinary engineering services, with a maximum order value of $719 million, enabling the company to design, develop, test, operate, and create new technologies for future space and science missions.

The company has potential to secure a $4.82 billion contract with NASA for the Near Space Network, which will allow it to provide critical communications and navigation services. These services are essential to NASA's Artemis program and broader lunar exploration efforts.

Intuitive Machines has set a record for quarterly backlog, largely due to contracts with NASA and modification orders related to other contracts. 

Moreover, the company stated its intentions to expand beyond NASA. CEO Steve Altemus remarked that the company's "proven technologies and expertise are propelling us beyond NASA and cislunar space, expanding our reach into new markets and customers."

Management anticipates that adjusted EBITDA will turn positive by the end of 2025, with expectations for positive adjusted EBITDA in 2026 as well.