Cantor Fitzgerald Reiterates Overweight Rating on Intuitive Machines Inc. (LUNR)

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $16.00 price target on Intuitive Machines Inc. (NASDAQ: LUNR).

The analyst commented, "Intuitive Machines announced an agreement to acquire Lanteris Space Systems (a reliable satellite and spacecraft manufacturer, formerly Maxar Space Systems) from Advent International for $800M ($450M in cash and $350M in Class A common stock). The combined company is projected to generate >$850M in annual revenue, positive adj. EBITDA, and a $920M backlog as of 9/30, according to management. We see this acquisition as material, and LUNR plans to provide an updated outlook following the close of the acquisition in 1Q26E. More importantly, following the close of the acquisition, we expect LUNR to be positioned as a Space Prime that will have the ability to design, manufacture, deliver, and operate missions from earth orbit to the Moon, Mars, and beyond. More specifically, by integrating Lanteris' spacecraft manufacturing capabilities, Intuitive Machines aims to expand its business into broader domains spanning low Earth orbit (LEO), medium Earth orbit (MEO), geostationary orbit (GEO), and deep space, including Mars missions. As such, we view this acquisition as both stratetic with several synergies with LUNR's business, and also as additive in that it will expand satellite deployments and operational, and pursue awards not previously possible. We expect this deal better positions LUNR to pursue and participate in major government initiatives, including NASA's Artemis program, the Golden Dome initiative, the Lunar Terrain Vehicle Program, as well as national security efforts under the Space Deveopment Agency's (SDA)'s layered defense architecture. We remain bullish on LUNR ahead of several material catalysts and we Reiterate our OW rating."

For an analyst ratings summary and ratings history on Intuitive Machines Inc. click here. For more ratings news on Intuitive Machines Inc. click here.

Shares of Intuitive Machines Inc. closed at $9.59 yesterday.

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