Late last month, news of SpaceX filing to go public caused a number of space stocks to jump.
Elon Musk’s rocket company is perhaps the single most hotly anticipated initial public offering (IPO) in the world right now, and it could be valued at as much as $1.75 trillion.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
You and I can’t buy shares in it yet, at least not directly.
However, it has been driving up other space stocks ever since news of its IPO surfaced last month. And one of the most interesting companies in the space industry is Intuitive Machines (NASDAQ: LUNR), which is up 32.4% over the past month.
So, is Intuitive Machines worth a look for your portfolio? In short, yes, but for a small, speculative position.
Let’s get into it.
Image source: Getty Images.
Intuitive Machines calls itself a space infrastructure company. Its main focuses are satellites and lunar landers. Since it was founded in 2013, Intuitive Machines has launched over 300 spacecraft. It has 100 satellites in orbit today, and it has 177 hours of lunar surface operations to its name.
And the company was awarded a $180.4 million contract to deliver NASA payloads to the moon via its Commercial Lunar Payload Services (CLPS) initiative in service to the Artemis program.
The end goal of the Artemis program is to build a permanent base on the moon. That’s going to require a lot of materials to be sent up there with the astronauts. And Intuitive Machine’s large cargo class lunar lander, the Nova-D, appears to be NASA’s choice early on in the Artemis program.
Intuitive Machines is also in the running for the next lunar rover, which it has dubbed the RACER or Reusable Autonomous Crewed Exploration Rover.
That all sounds great, but what’s the catch if this is only fit for a small speculative bet?
Well, as a young company, Intuitive Machines is still dependent on investment…
..
