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Intuitive Machines has completed the handover of the SXM-11 satellite to SiriusXM. This follows a period of in-orbit commissioning, which is the process of testing a satellite's systems in space to ensure everything works correctly before the customer takes control.
While the company is best known for its NASA lunar missions, this successful delivery shows it can reliably execute commercial contracts for private companies. Completing the handover is a key step that typically allows a company to recognize the remaining revenue from a project and proves its technology works as intended in the harsh environment of space.
Source: GlobeNewsWire
Intuitive Machines won a contract to build two of its larger spacecraft platforms for a new customer whose name has not been shared. These platforms are the structural frames and power systems that carry scientific tools and sensors into space.
This is a positive sign for the company because it shows demand for its hardware beyond its primary work with NASA. While the company is best known for its lunar landers, selling these standardized satellite platforms helps create a more predictable stream of revenue as it builds out the infrastructure for missions to the Moon.
Source: GlobeNewsWire
Canaccord Genuity set a price target of $39 for the space infrastructure company. This is significantly higher than the average analyst target of $31 and more than twice the current stock price of about $17.
The target reflects confidence in the company's shift from one-off moon landings to building a permanent communication network for NASA. While space missions are risky, analysts are increasingly focused on the long-term value of the multi-billion dollar contracts the company has already secured.
Source: Canaccord Genuity
NASA's Jet Propulsion Laboratory selected the company to provide the spacecraft platform and mission solutions for EAGLE-VSWIR, a project focused on Earth science. This mission involves building the actual vehicle and integrating the systems needed to observe Earth from space.
This is a notable win because it shows the company can win work beyond its core lunar landing business. While most of its value comes from its massive Moon-based communication contracts, proving it can handle Earth-orbiting science missions diversifies its revenue and makes it a broader partner for NASA.
Source: GlobeNewsWire
Intuitive Machines has been authorized to start work on a new satellite program worth more than $600 million. While the customer was not named, the deal focuses on building a communications network, which is a key part of the company's plan to move beyond one-off moon landings and into steady infrastructure services.
This contract is a big win because it diversifies the company's income away from being purely dependent on NASA. By building the "rails" for data and navigation in space, the company is trying to create a more predictable business where it gets paid for ongoing services rather than just the high-risk event of landing a craft. This adds significant weight to an already large backlog of work, making the path to steady profits much clearer.
Source: GlobeNewsWire
Management consistently sets targets they cannot yet hit, with losses often coming in much wider than expected as they scale up complex space missions.
| Expectation | |
|---|---|
| EPS | $-0.12 |
| Revenue | $246M |
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