NASA selected Intuitive Machines for the next-generation Commercial Lunar Payload Services 2 (CLPS 2) contract. The multiple-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract runs for 10 years. All awardees share a combined ceiling of $10 billion. NASA could raise that ceiling to $15 billion by exercising a five-year extension.
The contract gives Intuitive Machines more opportunities in lunar delivery and space infrastructure services. Covered services include delivering payloads, acquiring landers, developing technology and delivering cargo to orbit. The scope also includes surface mobility, precision landing and operations during the lunar night. Intuitive Machines previously received six NASA CLPS task orders, including two in 2026. CEO Steve Altemus said the broader scope provides more opportunities to meet NASA's lunar and wider space exploration needs, including the Moon Base initiative.
NASA awarded Intuitive Machines $180.4 million in March for the company's Nova-D lunar lander. NASA followed with a June award of up to $148.3 million for a production line-qualified Nova-C lander. Intuitive Machines had $1.8 billion in backlog at the second quarter's end.
Intuitive Machines reaffirmed a full-year revenue forecast of $900 million to $1 billion during the second-quarter earnings call. The corresponding revenue estimate was $934,013,000. Intuitive Machines also maintained an expectation of positive adjusted EBITDA. Intuitive Machines is scheduled to release third-quarter results on November 12. The earnings estimate calls for a loss of 12 cents per share, versus a loss of 6 cents a year earlier. The revenue estimate is $245.88 million, versus $52.44 million a year earlier.
Analyst consensus gives Intuitive Machines a Buy rating and an average price forecast of $35.88. B. Riley Securities lowered the price target to $34.00 on November 4, with a Buy rating. Keybanc lowered the price target to $30.00 on November 2, with an Overweight rating. Macquarie began coverage on October 16 with an Outperform rating and a $25.00 target. Benzinga Pro data showed Intuitive Machines shares trading 15% higher at $12.04 on Monday at publication following NASA's selection.
NASA Awards Intuitive Machines $10 Billion Lunar Program Contract
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Summary
AI + crypto news: NASA has awarded Intuitive Machines a $10 billion CLPS 2 contract, with a potential extension to $15 billion. The 10-year IDIQ contract covers lunar payload delivery, lander development, and surface operations. The company has already received $180.4 million for the Nova-D and up to $148.3 million for the Nova-C. Intuitive Machines reaffirmed its $900 million to $1 billion revenue forecast and will report Q3 results on November 12.
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