Intuitive Machines Shares Rise After Comments on Expansion, Rising Backlog

Dow Jones

03/24

By Denny Jacob

Intuitive Machines shares rose 24% after executives indicated there are budding opportunities for the company to expand.

Shares were trading around $8.80. The stock is up 38% over the last year.

On its fourth-quarter earnings call Monday, executives at the space-exploration company said changes underway via Elon Musk's Department of Government Efficiency, as well as uncertainty around the National Aeronautics and Space Administration, represent an opportunity for Intuitive Machines to expand its customer base into areas including national security for space, and to broaden its service footprint.

Intuitive Machines in its latest quarter saw revenue growth and a swing to a loss, though its bottom line includes results from a business combination.

The company also noted its backlog increased nearly $60 million to $328.3 million for the period ending Dec. 31 due to new awards primarily associated with contracts from NASA, among other factors.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 24, 2025 11:38 ET (15:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock is up 38% over the last year. \n</p>\n<p>\n  On its fourth-quarter earnings call Monday, executives at the space-exploration company said changes underway via Elon Musk's Department of Government Efficiency, as well as uncertainty around the National Aeronautics and Space Administration, represent an opportunity for Intuitive Machines to expand its customer base into areas including national security for space, and to broaden its service footprint. \n</p>\n<p>\n  Intuitive Machines in its latest quarter saw revenue growth and a swing to a loss, though its bottom line includes results from a business combination. \n</p>\n<p>\n  The company also noted its backlog increased nearly $60 million to $328.3 million for the period ending Dec. 31 due to new awards primarily associated with contracts from NASA, among other factors. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 11:38 ET (15:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LUNR","symbol_name":"Intuitive Machines","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2521771569","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521771569","pubTimestamp":1742830680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Intuitive Machines shares rose 24% after executives indicated there are budding opportunities for the company to expand.Shares were trading around $8.80. 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The stock is up 38% over the last year. \n\n\n  On its fourth-quarter earnings call Monday, executives at the space-exploration company said changes underway via Elon Musk's Department of Government Efficiency, as well as uncertainty around the National Aeronautics and Space Administration, represent an opportunity for Intuitive Machines to expand its customer base into areas including national security for space, and to broaden its service footprint. \n\n\n  Intuitive Machines in its latest quarter saw revenue growth and a swing to a loss, though its bottom line includes results from a business combination. \n\n\n  The company also noted its backlog increased nearly $60 million to $328.3 million for the period ending Dec. 31 due to new awards primarily associated with contracts from NASA, among other factors. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 11:38 ET (15:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}