Tag: Intuitive Machines
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SiriusXM Puts SXM-11, Its Most Powerful Broadcast Satellite, Into Commercial Service
SiriusXM confirmed on September 15 that its SXM-11 geostationary communications satellite has completed in-orbit testing and entered full commercial service. The spacecraft, described by the company as the most powerful broadcast satellite in its fleet, is designed to improve signal reception, expand coverage in Alaska and strengthen the delivery of satellite audio and information services…
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Intuitive Machines Expands Satellite Manufacturing Business with Order for Two IM-300 Spacecraft
Intuitive Machines has secured a contract to build two IM-300 satellite platforms for an undisclosed customer, marking another step in the company’s effort to expand beyond lunar exploration and establish itself as a broader spacecraft manufacturer and space infrastructure provider. The Houston-based company announced Sept. 1 that the order covers two satellites based on its…
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Intuitive Machines’ Maxar Acquisition Gains Momentum With $600 Million Satellite Order and Orbital Data Center Ambitions
Intuitive Machines’ decision to acquire the former Maxar satellite manufacturing business is beginning to look less like a bet on traditional spacecraft production and more like a strategy to build a vertically integrated space infrastructure company. The clearest evidence came in August 2026, when Intuitive Machines disclosed that it had secured a commercial contract worth…
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Intuitive Machines Posts Record $206 Million Quarter as Backlog Swells to $1.8 Billion
The quarter capped a stretch of aggressive expansion across commercial, civil, and national security markets. Backlog rose $1.5 billion from year-end 2025, driven by what the company described as record levels of diverse awards. In August, the company closed its acquisition of Goonhilly Earth Station and COMSAT to expand its space-to-ground data services network configured…
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AstroForge Completes DeepSpace-2 Spacecraft Ahead of Asteroid Rendezvous Mission
Asteroid mining startup AstroForge has completed assembly of the major flight hardware for its DeepSpace-2 spacecraft, positioning the mission for launch later this year as the company pursues its goal of demonstrating asteroid rendezvous capabilities in deep space. The spacecraft is scheduled to launch aboard a SpaceX Falcon 9 rocket alongside Intuitive Machines’ IM-3 lunar…
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NASA outlines nearly $1 billion investment into initial Moon Base missions
An artist’s rendering of a Blue Origin Blue Moon Mark 1 lunar lander deploying Astrolab’s Crewed Lunar Vehicle (CLV-1) on the surface of the Moon. Graphic: Astrolab NASA’s vision for a future, long-term sustained presence on the Moon gained more clarity on Tuesday as the agency announced a series of contract awards for future robotic…
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Former NASA Chief Bridenstine Named CEO of Quantum Space
Former NASA administrator Jim Bridenstine will become chief executive of Quantum Space, a company focused on in-orbit maneuverability and satellite servicing technologies. Bridenstine, who led NASA from 2018 to 2021, said the new role aligns with his background in national security and defense. “That’s where my background is, and where my heart is,” he said,…
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KeyBanc Sets $27 Target for Intuitive Machines Stock
Why Did KeyBanc Boost Intuitive Machines Target Price 35%? KeyBanc Capital Markets raised its price target for Intuitive Machines (NASDAQ: LUNR) to $27 per share, representing a 35% increase from the previous $20 target. The investment bank maintained its “Overweight” rating, citing accelerating revenue diversification beyond NASA’s Commercial Lunar Payload Services (CLPS) program and stronger-than-expected…
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Rocket Lab Up 9%, Intuitive Machines 6% on NASA Contract Wave
Why Are Space Stocks Surging This Week? Space sector equities posted strong gains this week, with Rocket Lab USA climbing 9% and Intuitive Machines jumping 6% as investor confidence builds around NASA contract momentum and emerging commercial opportunities. The rally reflects growing institutional recognition of the sector’s transition from speculative to revenue-generating operations. Rocket Lab’s…
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L3Harris Selects Intuitive Machines’ Lanteris Unit for SDA Tranche 3 Satellites
L3Harris Technologies has selected spacecraft platform provider Lanteris Space Systems, a subsidiary of Intuitive Machines, to supply satellite buses for its work on the Space Development Agency (SDA) Tranche 3 Tracking Layer program. Under a contract awarded in late 2025, L3Harris will build 18 satellites for the SDA’s missile-tracking constellation as part of the Proliferated…