Latest news with #SteveAltemus
Yahoo
20 hours ago
- Business
- Yahoo
Intuitive Machines (LUNR) Jumps on 4th Day on Aggressive Expansion
We recently published . Intuitive Machines Inc. (NASDAQ:LUNR) is one of the top-performing companies on Thursday. Intuitive Machines grew its share prices for a fourth straight day on Thursday, adding 9.18 percent to close at $12.25 apiece following expansion plans at its headquarters at the Houston Spaceport after successfully securing another 25-year lease contract with the city government. In a statement, Intuitive Machines Inc. (NASDAQ:LUNR) said the developments include a 16,500-sq-ft spacecraft development and production space, an 8,000-sq-ft warehouse and storage facility, and 150 new parking stalls to accommodate the growing workforce. The company noted that its workforce has already grown by 130 percent since 2019. 'This expansion reflects the strength of our partnership with local government and our shared commitment to building the infrastructure, workforce, and capabilities needed to deliver on current government missions and meet the demands for what's next,' said Intuitive Machines Inc. (NASDAQ:LUNR) CEO Steve Altemus. A satellite being released from a launch vehicle, heading into space. The project followed Intuitive Machines Inc.'s (NASDAQ:LUNR) launch of a 105,572-sq-ft lunar production and operations center at Houston Spaceport, which features mission control rooms, spacecraft assembly floors, and research and development laboratories. While we acknowledge the potential of LUNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gizmodo
15-05-2025
- Science
- Gizmodo
Intuitive Machines Reveals Why Its Moon Lander Faceplanted Into a Crater
Earlier this year, an ill-fated lander skidded across the lunar surface and ended up lying sideways in a cold, dark crater. Intuitive Machines' Athena lander was declared dead on arrival at the Moon. Now, the company has released a report detailing the chain of mishaps that led to its demise. Athena touched down on the Moon on Thursday, March 6, following a week-long journey through space. After a less-than-ideal touchdown, the lunar lander ended up on its side in a shallow crater in the Moon's Mons Mouton region, 820 feet (250 meters) from its targeted landing site. During an earnings call on Wednesday, Intuitive Machines listed three factors that affected Athena's ability to land on the Moon, SpaceNews reported. The first issue had to do with the lander's laser altimeters, instruments designed to help it estimate its distance from the Moon during descent. 'In the final phase of descent, we saw signal noise and distortion that did not allow for accurate altitude readings,' Intuitive Machines CEO Steve Altemus said during the call. The Houston-based company also blamed conditions at the Moon's south polar region. According to Altemus, the sunlight's low angles and the topography 'created long shadows and dim lighting conditions that challenged the precision capability of our landing system.' The third factor that resulted in Athena's lunar tumble was the lander's inability to recognize craters on the Moon from lower altitudes. Intuitive Machines relied on photos captured by NASA's Lunar Reconnoissance Orbiter to guide the lander's optical navigation system during its descent. Those images, however, are captured at an altitude of 62 miles (100 kilometers) and therefore 'could not accurately account for how craters appear at lower altitudes with south pole lighting conditions as you approach the landing site,' Altemus said. The company is treating Athena's failed mission as a set of lessons learned as it prepares to launch its third lander sometime next year. 'We've added dissimilar and redundant altimeters to the sensor suite, and they're going through more rigorous and extreme flight-like testing than we've done before,' Altemus said in Tuesday's call, according to 'We've incorporated an additional lighting-independent sensor for surface velocity measurements. We've expanded onboard terrain crater database for enhanced navigation across the surface of the moon.' Intuitive Machines launched its first lunar lander, Odysseus, in February 2024. It reached the lunar surface, but the landing wasn't exactly smooth. One of the lander's legs may have gotten caught during its descent, causing it to tip onto its side and end up lying sideways on a rock. The mission did operate for seven days on the lunar surface, making Intuitive Machines the first company to land a private lander on the Moon. 'Moving forward, we will succeed,' Altemus said. 'Land softly, land upright, land ready to operate.'
Yahoo
15-05-2025
- Business
- Yahoo
Why Intuitive Machines, Inc. (LUNR) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Intuitive Machines, Inc. (NASDAQ:LUNR) stands against other firms that are crushing the market. The stock market finished the trading day on a mixed note, as investors continued to digest April inflation figures, which came out lower than expected. On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, its lowest annual rate since February 2021. Among Wall Street's main indices, only the S&P 500 and the tech-heavy Nasdaq registered gains, by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the major indices, 10 companies finished the session with strong gains amid a flurry of positive developments, including ratings upgrades and impressive corporate earnings, among others. In this article, we name Tuesday's 10 top performers and detail the reasons behind their rally. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A satellite being released from a launch vehicle, heading into space. Intuitive Machines soared by 22.42 percent on Tuesday to end at $11.63 each after an impressive earnings performance in the first quarter of the year. In a statement, Intuitive Machines, Inc. (NASDAQ:LUNR) said it narrowed its net loss attributable to shareholders by 88 percent to $11.5 million from the $97.9 million registered in the same period last year. Revenues, on the other hand, declined by 14.6 percent to $62.5 million from $73.2 million year-on-year. Looking ahead, Intuitive Machines, Inc. (NASDAQ:LUNR) said it is targeting between $250 million and $300 million in revenues for the full year 2025. 'The evolving federal landscape, including shifting NASA priorities, presents a clear opportunity for Intuitive Machines. We're leveraging our track record to expand into adjacent markets like National Security Space and other non-lunar domains,' said Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Steve Altemus. 'This diversification builds on our core strengths and positions us as a broader infrastructure and data services provider across the space economy,' he added. Overall, LUNR ranks 4th on our list of firms that are crushing the market. While we acknowledge the potential of LUNR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LUNR but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
13-05-2025
- Business
- Yahoo
Why Intuitive Machines, Inc. (LUNR) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Intuitive Machines, Inc. (NASDAQ:LUNR) stands against other firms that are crushing the market. The stock market finished the trading day on a mixed note, as investors continued to digest April inflation figures, which came out lower than expected. On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, its lowest annual rate since February 2021. Among Wall Street's main indices, only the S&P 500 and the tech-heavy Nasdaq registered gains, by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the major indices, 10 companies finished the session with strong gains amid a flurry of positive developments, including ratings upgrades and impressive corporate earnings, among others. In this article, we name Tuesday's 10 top performers and detail the reasons behind their rally. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A satellite being released from a launch vehicle, heading into space. Intuitive Machines soared by 22.42 percent on Tuesday to end at $11.63 each after an impressive earnings performance in the first quarter of the year. In a statement, Intuitive Machines, Inc. (NASDAQ:LUNR) said it narrowed its net loss attributable to shareholders by 88 percent to $11.5 million from the $97.9 million registered in the same period last year. Revenues, on the other hand, declined by 14.6 percent to $62.5 million from $73.2 million year-on-year. Looking ahead, Intuitive Machines, Inc. (NASDAQ:LUNR) said it is targeting between $250 million and $300 million in revenues for the full year 2025. 'The evolving federal landscape, including shifting NASA priorities, presents a clear opportunity for Intuitive Machines. We're leveraging our track record to expand into adjacent markets like National Security Space and other non-lunar domains,' said Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Steve Altemus. 'This diversification builds on our core strengths and positions us as a broader infrastructure and data services provider across the space economy,' he added. Overall, LUNR ranks 4th on our list of firms that are crushing the market. While we acknowledge the potential of LUNR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LUNR but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Intuitive Machines rockets 35% after lunar landmark
Intuitive Machines (NASDAQ:LUNR) surges 35% to a two-month high after reporting $13.3 million in free cash flow and completing the southernmost lunar landing in history. The company posted Q1 revenue of $62.5 million, missing the $66.1 million Wall Street consensus, but gross margin climbed to 11%, marking a third straight quarter of positive margins as Commercial Lunar Payload Services, Lunar Terrain Vehicle Services and Near Space Network Services all saw growth and a shift toward higher-margin service offerings. Warning! GuruFocus has detected 4 Warning Signs with LUNR. CEO Steve Altemus said, We believe Intuitive Machines brings proven performance and speed to market, pointing to successful Jet Propulsion Laboratory rover tests ahead of the IM-3 mission. Intuitive Machines generated $19.4 million in operating cash and milestone payments and ended the quarter with $373.3 million in cash following a warrant redemption. The company reaffirmed its 2025 revenue forecast of $250 million to $300 million and expects to reach positive adjusted EBITDA on a run-rate basis by year-end, setting the stage for full-year profitability in 2026. Compared to many space infrastructure peers still burning cash, Intuitive Machines's clear path to profitability stands out. Management is also diversifying beyond lunar missions into national security and microgravity applications. As the sole contractor on the Air Force Research Laboratory's JETSON nuclear propulsion program and recipient of a $10 million Texas Space Commission grant, the firm is advancing in-space nuclear capabilities and reentry research. Investors should note that strong cash flow, margin expansion and high-profile government contracts could drive sustainable growth despite the top-line miss. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
