"Intuitive Machines ( NASDAQ:LUNR ) has been on quite the rocket ride lately, shooting up to a high of around $23.30 per share before dropping sharply to about $14.50 just a few days ago. But then it bounced back hard - climbing nearly 18% on Friday to close around $17.50 per share, and this morning it is up another 14% or so, trading near $20 and pushing back above that level."
"Then came the announcement of SpaceX's merger with xAI in early February, valued at $1.25 trillion combined, and that gave related stocks another lift (Intuitive Machines popped about 5% that day alone). Add in the company's selection to help with NASA's Artemis II mission late last month, and it is easy to see why the enthusiasm rose. Wall Street has been cheering it on, too."
Intuitive Machines shares have experienced dramatic volatility, rising from about $6 to a 52-week high near $23.30 before plunging to roughly $14.50 and recovering toward $20. Strong six-month performance (approximately +99%) has been driven by heightened investor interest in the space sector, news of SpaceX valuation and merger activity, and the company's role in NASA's Artemis II. Several analysts raised price targets — KeyBanc to $26, Canaccord Genuity to $22.50, Clear Street to $25 — citing a favorable 2026 space environment and strategic acquisitions like Lanteris Space Systems. Recent pullbacks reflect profit-taking and broader market pressures.
Read at 24/7 Wall St.
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