We recently published 10 Firms Making Effortless 10-40% Gains. Intuitive Machines Inc. (NASDAQ:LUNR) was one of Friday’s top performers.
Intuitive Machines grew its share prices by 10.67 percent on Friday to finish at $21.58 apiece as investors took heart from an investment firm’s bullish outlook for the space industry for the year.
In a market report, Morgan Stanley said that 2025 was a “banner year” for the space sector in 2025, and is expected to spill over in 2026.
Intuitive Machines’ IM-2 mission lunar lander named Athena. Photo from Intuitive Machines website
This year’s outlook, it said, will be fueled by higher launch cadences, new product introductions, and market maturation, as well as the US government’s support of the industry through implementing policies for its expansion.
Optimism sparked buying positions in key players, namely Intuitive Machines Inc. (NASDAQ:LUNR), Firefly Aerospace, Rocket Lab, and MDA, among others.
In other developments, Intuitive Machines Inc. (NASDAQ:LUNR) strengthened its position as a vertically integrated space player following the successful acquisition of spacecraft manufacturer Lanteris Space Systems for $800 million.
Under the terms of the agreement, Intuitive Machines Inc. (NASDAQ:LUNR) acquired Lanteris through a combination of $450 million in cash payments and the issuance of $350 million worth of Intuitive Machines Class A common stock.
According to the listed firm, the acquisition strengthens its ability to service future Golden Dome, Space Development Agency layered architecture, and NASA’s Artemis and Lunar Terrain Vehicle initiatives, as well as future Mars telecommunications missions.
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Disclosure: None. This article is originally published at Insider Monkey.
