24/7 Market News Snapshot 24 March, 2025 – Intuitive Machines, Inc. Class A Common Stock (NASDAQ:LUNR)

March 24, 2025

DENVER, Colo., 24 March, 2025 (247marketnews.com) – (Nasdaq:LUNR) are discussed in this article.
Intuitive Machines, Inc. (Nasdaq:LUNR), a leader in space technology and services, has drawn considerable investor interest following a recent surge in its stock price. The company’s Class A common stock opened at $7.14 and has risen by 21.48%, currently trading at $8.613, reflecting a robust momentum driven by a trading volume of 5.60 million shares. This jump indicates a positive market sentiment and highlights Intuitive Machines as a key player to watch.

The company has also unveiled impressive fourth-quarter and full-year results for 2024, marking a significant trajectory in technical advancements and revenue growth. CEO Steve Altemus underscored the commitment to sustainable success, stating, “Over the past year, we’ve expanded our technical capabilities and opened new revenue streams, positioning us stronger than ever—financially secure, debt-free, and ready to take the next leap.”

The recent performance highlights include a noteworthy lunar landing—the southernmost ever achieved on the Moon’s South Pole—and accelerated payload operations for NASA’s PRIME-1 drill suite, alongside several crucial commercial partnerships. Intuitive Machines has secured contracts for NASA’s Near Space Network and is developing an in-space orbital transfer vehicle, showcasing a dedication to innovation.

In financial moves, the company completed a $125 million upsized offering of Class A common stock, strengthening its financial base. With a record backlog of $328.3 million and Q4 revenue reaching $54.7 million—a remarkable 79% increase year-over-year—Intuitive Machines reported total revenue for 2024 of $228 million, nearly tripling that of 2023.

With a cash position of $207.6 million at year-end, Intuitive Machines is anticipating revenues between $250-300 million for 2025, with an optimistic forecast of achieving positive adjusted EBITDA. Altemus emphasized that this year signifies not only growth but also a pivotal moment in shaping the future of the company and the space industry at large.

Related news for (LUNR)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.