Overview
- Intuitive Machines fell about 4.4% to $15.95 on Tuesday after surging 11.7% to $16.69 on Monday.
- KeyBanc initiated coverage with a buy recommendation, and B. Riley lifted its target to $20, while Stifel set $18, Canaccord cut to $15.50, and BofA kept Underperform with a $9.50 target.
- Investors tied the early‑week rally to President Donald Trump’s executive order favoring a commercial‑first approach to U.S. space efforts, including lunar goals and private investment targets.
- Market commentary also cited speculation about a potential SpaceX IPO as a factor supporting sector sentiment, according to Procure Holdings’ Andrew Chanin.
- Earlier this month, Intuitive Machines announced a cooperation with Leonardo and Telespazio to align its Space Data Network with ESA’s Moonlight program for lunar communications and navigation.