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Does Intuitive Machines (LUNR) Equity Overhang Undercut Its Push Toward Recurring Lunar Infrastructure Revenue?
Simply Wall St.57d agoneutral
Does Intuitive Machines (LUNR) Equity Overhang Undercut Its Push Toward Recurring Lunar Infrastructure Revenue?

In recent days, Intuitive Machines has faced investor rotation toward newly public competitor SpaceX and lingering concern over its previously announced US$500.0 million at-the-market equity offering program, while short interest has risen and options activity has skewed toward calls. At the same time, the company secured two three-year prime lunar reconnaissance contracts worth a combined US$20.0 million, highlighting its effort to build recurring lunar data and infrastructure services...

Why Intuitive Machines (LUNR) Is Building Its Lunar Business Around Data Services, Not Just Landers
Insider Monkey57d agoneutral
Why Intuitive Machines (LUNR) Is Building Its Lunar Business Around Data Services, Not Just Landers

Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the fastest-growing space stocks to buy now. On May 18, Intuitive Machines announced two prime lunar reconnaissance contracts, including a $15.5 million three-year contract for Lunar Reconnaissance Orbiter Camera operations and a $4.5 million three-year contract for ShadowCam operations. The awards support imaging, data storage, analysis, mission support, […]

SpaceX shares tumble as post-IPO frenzy loses steam
Reuters58d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

Planet Labs Sinks 10%, Intuitive Machines Drops 8%, Firefly Aerospace Falls 7% as Traders Rush to SpaceX
24/7 Wall St.60d agobearish
Planet Labs Sinks 10%, Intuitive Machines Drops 8%, Firefly Aerospace Falls 7% as Traders Rush to SpaceX

Shares of space stocks are tumbling in mid-morning trading on Tuesday, with Planet Labs (NYSE:PL) stock leading the decline. Planet Labs stock is down to roughly $27 and change, extending a sharp pullback in the satellite imagery name. Intuitive Machines (NASDAQ:LUNR) stock is also under heavy pressure, slipping 9% to $23 and change. Meanwhile, Firefly ... Planet Labs Sinks 10%, Intuitive Machines Drops 8%, Firefly Aerospace Falls 7% as Traders Rush to SpaceX

Rocket Lab and Firefly Get Upgrades. Why the Space Selloff Was ‘Unwarranted.’
Barrons.com61d agoneutral
Rocket Lab and Firefly Get Upgrades. Why the Space Selloff Was ‘Unwarranted.’

Shares of Rocket Lab and Firefly Aerospace advanced before the opening bell on Monday after the space stocks received upgrades following the sharp sector selloff late last week on Elon Musk’s SpaceX initial public offering debut. KeyBanc Capital Markets analysts Michael Leshok and Liam Baker on Sunday upgraded both Rocket Lab and Firefly to Overweight from their previous Sector Weight, setting price targets of $135 and $50, respectively for the space stocks. “Last Friday’s record-setting SpaceX IPO sent ripple effects across our coverage of space-centric equities, with the sector selling off sharply on IPO day and over the weeks leading up to it,” Leshok and Baker wrote.

SpaceX’s IPO Was Enormously Successful, but Did It Break the Rest of the Space Industry?
24/7 Wall St.62d agoneutral
SpaceX’s IPO Was Enormously Successful, but Did It Break the Rest of the Space Industry?

The stock market has spent much of the past two years rewarding category leaders. Investors have poured capital into dominant companies with clear competitive advantages while becoming increasingly selective about everyone else. That trend was on full display Friday when SpaceX (NASDAQ:SPCX) completed the largest IPO in history, raising $75 billion at $135 per share ... SpaceX’s IPO Was Enormously Successful, but Did It Break the Rest of the Space Industry?

Intuitive Machines Misses NASA Rover Win Yet Moon Base Hopes Remain
Simply Wall St.63d agobearish
Intuitive Machines Misses NASA Rover Win Yet Moon Base Hopes Remain

NASA selected Astrolab and Lunar Outpost for its initial major lunar rover contracts, leaving Intuitive Machines out of the first round. NASA indicated that additional funding and future rover and Moon Base work may create new opportunities for Intuitive Machines. The announcement affects expectations around Intuitive Machines' role in the emerging "moon economy" and its future contract pipeline. For investors watching Intuitive Machines (NasdaqGM:LUNR), the latest NASA rover awards are a...

The Great, Big, Boring SpaceX IPO
Barrons.com64d agoneutral
The Great, Big, Boring SpaceX IPO

The SpaceX initial public offering was expected to deliver exciting twists and turns, fireworks, and flare-ups—the kind of drama usually reserved for a summer thriller. The public debut of SpaceX—officially Space Exploration Technologies — portended different things to different investors but was significant for all. To others, it represented a gateway to an artificial intelligence-fueled utopia, in which SpaceX is worth trillions.

SpaceX Stock Rose. Space-Related Stocks Did Not.
Barrons.com64d agoneutral
SpaceX Stock Rose. Space-Related Stocks Did Not.

SpaceX was a seminal event for the stock market. The hype was palpable and created a halo effect, helping lift shares of other space-related companies. What goes up must come down, though. Investors used the SpaceX IPO as an opportunity to take profits in several space names.

Sell the News: Space Stocks Hammered Early Friday
Barrons.com64d agobearish
Sell the News: Space Stocks Hammered Early Friday

It promises to be a wild day on Friday with the start of trading for SpaceX, following its record-setting IPO, which priced shares at $135 on Thursday. SpaceX essentially created the space economy by pioneering reusable rockets and building Starlink, its space-based broadband product. Shares of launch-services provider Rocket Lab were down 9% in early trading.

Unhappy With Redwire’s Dilution? 5 Space and Defense Stocks to Buy Instead
24/7 Wall St.66d agobullish
Unhappy With Redwire’s Dilution? 5 Space and Defense Stocks to Buy Instead

Redwire (NYSE: RDW) is the space-and-drones story dominating retail feeds right now, riding a 107.2% year-to-date run on record backlog and a viral “drones plus space” thesis. But the data underlying the rally tells a different story. The dilution complaint is well-documented. Redwire’s Q1 shareholders’ equity ballooned 1,531% to $1.09 billion, distorted by stock-based compensation, ... Unhappy With Redwire’s Dilution? 5 Space and Defense Stocks to Buy Instead