my semi-annual review of LUNR
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.
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Intuitive Machines
LUNR (market cap is $2.87B was $1.94B)
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Intuitive Machines (with the more appropriately named symbol LUNR) is an aerospace company largely focused on delivering aerospace products and services into the lunar industry, economy, and exploration. Recent acquisitions may diversify them into more general space-related endeavors. They are a relatively young company in a relatively young industry.
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LUNR is probably mostly known for having both lunar landers land on the moon (good) then fall over (bad). While those are publicly perceived failures, the stock seems buoyed by the fact that the company met 85% of the mission goals, and were paid for them.
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They are not alone. Many companies are addressing the lunar market and having varied successes. Anything involving rockets is risky. Going farther than low-earth orbit is rare and relatively unexplored territory, but the potential demand and market is enormous - and largely ill-defined. The discovery of lunar water has been a great enabler that wasn't as important in the Apollo era.
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LUNR's diversification is a plus. LUNR's overlooked successes, regardless of tipped landers, may suggest an undervaluation. Rockets also involve governments, and industrial risks. Such worries can constrain the stock.
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The lunar market could be our species' first extra-planetary industry and economy, in which case, this could be a ground-floor opportunity (for a redefinition of 'ground').
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If the next lander lands successfully, the company may gain a significant legitimacy, and commensurate stock price. If. If. If.
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DISCLOSURE LTBH since 2024. Bought more, recently.
(One Company One Video on YouTube - youtu.be
(I've also collected links to the other discussion boards and my other stocks over on my blog. trimbathcreative.net
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