Where Will Intuitive Machines Stock Be in 10 Years?
This lunar exploration company (and its stock) has a bright future.
Intuitive Machines (NASDAQ: LUNR), a producer of lunar landing and exploration vehicles, went public by merging with a special purpose acquisition company (SPAC) on Feb. 13, 2023. Its stock started trading at $10 per share and skyrocketed to a record high of $81.99 just nine days later.
Yet that rally sputtered out as it struggled with delayed launches and steep losses. On Jan. 4, 2024, the stock closed at its all-time low of $2.04. At the time, many investors dismissed it as just another SPAC-backed space start-up that overpromised and underdelivered.
But despite that rough start, Intuitive's stock now trades at about $11 a share. Its price soared again as the company's first two landers reached the moon, it secured more contracts from NASA, and it attracted more commercial clients.
