7 Best Space Exploration Stocks to Invest In

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

No. of Hedge Fund Holders: 26

Intuitive Machines, Inc. (NASDAQ:LUNR) is a diversified space exploration company that offers various space products and services to support the exploration of the Moon, Mars, and other planets. Intuitive Machines has achieved major milestones, including the first U.S. commercial lunar space landing, through its IM-1 mission with NASA’s CLPS initiative.

Intuitive Machines, Inc. (NASDAQ:LUNR) remains a prominent partner of NASA. The company is a major commercial partner of NASA’s Artemis program, which alone has committed over $93 billion. Intuitive Machines obtained a transformative NASA Near Space Network contract worth around $4.82 billion.

On March 25, Josh Sullivan from Benchmark reiterated a Buy rating on LUNR shares, maintaining a price target of $16. Sullivan highlighted a strong backlog and solid financial position to be key for the company’s growth. Intuitive Machines, Inc. ended FY2024 with a record backlog of $328 million, indicating a 22% growth from a year ago. The company posted a strong cash position of more than $385 million. The company anticipates 2025 revenue of between $250 million and $300 million, with analysts projecting annual earnings growth of almost 94%.