LUNR Stock Jumps On Winning NASA Lunar Imaging Contracts Worth $20M

• Secured a $15.5M (3-year) cost-plus-fixed-fee contract for LROC. 
• $4.5M (3-year) contract for ShadowCam. 
• Seven out of nine analysts rate the stock ‘buy’, one rates ‘hold’ and one ‘sell’.

Intuitive Machines Inc. (LUNR) share price gained 2% after-hours after the company secured two prime lunar reconnaissance contracts.from the National Aeronautics and Space Administration (NASA).

The Houston-based company won two contracts. Under the $15.5 million cost-plus-fixed-fee three-year prime contract for LROC and the $4.5 million cost-plus-fixed-fee three-year prime contract for ShadowCam, Intuitive Machines is leading imaging operations, data storage and analysis, and mission support. 

The projects include imaging of the Moon’s Reiner Gamma region, a distinctive and enigmatic lunar swirl characterized by its localized magnetic anomalies and high-albedo markings. The detailed optical and topographic intelligence generated from these contracts is expected to play a critical role in terrain mapping, identifying safe landing sites, and mitigating environmental risks for upcoming commercial and civil lunar exploration initiatives.

“Intuitive Machines continues to expand its role as a premier infrastructure provider for the cislunar domain,” said Steve Altemus, Chief Executive Officer of Intuitive Machines.

The announcement builds on the company's legacy of lunar exploration, which includes its historic 2024 soft-landing of a Nova-C class lander on the Moon.

LUNR Contract Wins and Backlog Growth

The company recently secured $428.9 million in new contracts, driven heavily by its national security and civil portfolios. Key wins include a massive tracking layer contract for the U.S. Space Development Agency’s Proliferated Warfighter Space Architecture Tranche 3, alongside a $180.4 million Commercial Lunar Payload Services (CLPS) task order from NASA. The NASA contract represents the company’s fifth CLPS award, the most granted to any vendor, and will utilize Intuitive Machines' larger, cargo-class Nova-D lunar lander.

Furthermore, the company recently contracted with the U.S. Space Force under the Andromeda IDIQ program.

Intuitive Machines closed out the first quarter with a record contracted backlog of $1.1 billion, an $842 million increase from the end of 2025. Management estimates that 60% to 65% of this backlog will convert into recognized revenue before the end of the year.

LUNR Q1 Financial Performance

For the three months ended March 31, the company generated record revenue of $186.7 million, approximately tripling the $62.5 million reported during the same period the prior year. 

The top-line surge was primarily fueled by the company's continuous execution of recent contract wins, combined with support from its $800 million acquisition of Lanteris Space Systems, which closed in January.

However, the company posted a loss of $0.25 per share, compared to analyst expectations of a loss of $0.06. 

LUNR Retail View

Retail sentiment on Stocktwits was ‘extremely bullish’ with ‘extremely high’ message volumes. 

One user showed bullishness by saying the company might bag one order each week for the next decade. 

Another user suggested deleting the stop loss for the stock.

The stock has soared 178% over the past 12 months.

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