Intuitive Machines shares are trading higher after the company announced it was selected by L3Harris to support the development and production of spacecraft platforms for the Space Development Agency’s AMDT3 mission.

Shares of space-related companies are trading lower, possibly amid sympathy for peer SpaceX, which is experiencing a sell-off due to the expiration of its second lockup period.

Canaccord Genuity Maintains Buy on Intuitive Machines, Lowers Price Target to $39

Canaccord Genuity analyst Austin Moeller maintains Intuitive Machines (NASDAQ:LUNR) with a Buy and lowers the price target from $41 to $39.

Intuitive Machines Stock Edges Lower Tuesday: What's Happening?

Intuitive Machines stock is trading lower Tuesday morning as traders digest the company's latest contract win amid overall market weakness.

Can Space Stocks Bounce Back? This $1 Billion Air Force Contract Might Help.

Space stocks have recovered somewhat after a historic decline following SpaceX's June IPO. The U.S. Space Force awarded a $981 million NITE-STAR contract to 15 space companies, but the contract's modest per-company value ($6.5 million annually on average) is unlikely to significantly move the needle. Despite government support, space stocks remain richly valued with average price-to-sales ratios around 65.4, suggesting caution for investors.