Rising to second on trending stocks with 5,055 upvotes in the past 24 hours, Intuitive Machines (LUNR, Financial), a space exploration company, has become a top Reddit play, according to ApeWisdom.io. The company's shares jumped 70% in the past month and an amazing 172% in three months.
Intuitive Machines announced an upsized public offering of 9.5 million shares valued at $10.50 each on December 3, 2024, therefore generating $110 million. Perhaps the bigger catalyst though was its recent quarterly showing, the company reported $58.5 million in third-quarter sales for November 2024. Supported by large NASA agreements, its record $316.2 million backlog emphasizes its growing importance in lunar infrastructure and exploration.
Established in 2013 and with its headquarters located in Houston, Intuitive Machines aims to progress robotic and human Moon exploration by specializing in lunar surface access, orbital delivery, and communications technologies. LUNR keeps drawing investor attention in the growing space industry with its explosive stock performance and well-publicized government contracts.
