13 Best Meme Stocks To Buy Right Now

8. Intuitive Machines, Inc. (NASDAQ:LUNR)

Number of Hedge Fund Holders: 26

Intuitive Machines, Inc. (NASDAQ:LUNR) develops and manages space technologies in the United States, focusing on systems that support lunar exploration and long-term human presence on the moon. The company gained attention from retail and institutional investors aiming to capitalize on short-term price swings, earning its reputation as a meme stock. On March 6, the company’s robotic lander, Athena, successfully reached the moon’s surface, though its exact orientation remains uncertain. The company confirmed the landing and maintained communication with the lander during a live broadcast of the event, which was co-hosted by NASA and Intuitive Machines.

In Q3 2024, Intuitive Machines, Inc. (NASDAQ:LUNR) generated $58.5 million in revenue, more than four times what it earned in the same quarter last year. By the end of Q3, its cash balance stood at $89.6 million and the backlog reached a record $316.2 million, driven largely by lunar surface delivery missions and the first task order under the Near Space Network Services contract. Throughout the third quarter, LUNR remained focused on its three core service areas –  delivery, data transmission, and infrastructure services.

According to Insider Monkey’s fourth quarter database, 26 hedge funds were bullish on Intuitive Machines, Inc. (NASDAQ:LUNR), in contrast to the prior quarter when 17 funds had invested in the stock.