INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.
Intuitive Machines
LUNR (market cap is $0.404B)
Pardon me as I steal from myself (via my YouTube channel's description of Intuitive Machines).
Intuitive Machines which sounds more an AI or robotics company, but may be hinted at better by its trading symbol, LUNR (LUNaR, get it?) They're doing moon stuff, and more. They are offering many of the services necessary for lunar exploration: transportation (after launch), Earth-based space communications, Moon-centered communications, a hopping rover, and more.
According to NASA;
"The Intuitive Machines 1 (IM-1, TO2-IM) mission objective is to place a lander, called Nova-C, on the crater rim of Malapert A near the south pole of the Moon. The commercially built lander will carry five NASA payloads and commercial cargo. Launch is currently scheduled for June 2023." - NASA
It landed on February 29, 2024; then, tipped over. In the world of aerospace, that's a success. In the land of everyday expectations, that could be considered a failure, or at least comical.
This is a good example of the early commercialization of space. It is starting with NASA contracts; which is more civil than commercial. I will be hoping for true commercialization which will be business-to-business.
They are attempting something complex and impressive. But then, Space-X's idea of recovering and reusing rocket stages seemed audacious.
The stock's ride has been wild. Within the recent few months the range has been from almost $2 to over $13. Rocket analogies are allowed in both directions.
DISCLOSURE LTBH since 2024, i.e. bought recently and intending to hold as the industry advances.
(One Company One Video on YouTube - youtu.be
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