Intuitive Machines (LUNR) Soars 15.7% on Space Developments

Intuitive Machines (LUNR) Soars 15. 7% on Space Developments Angelica Ballesteros Thu, May 28, 2026 at 6:13 AM GMT+2 2 min read LUNR SPAX. PVT Intuitive Machines Inc.

(NASDAQ:LUNR) is one of the 9 Stocks With Unbelievable Gains. Intuitive Machines soared by 15. 72 percent on Wednesday to close at $40.

34 apiece, as investors continued to load portfolios amid developments surrounding the space industry, still buoyed by SpaceX’s upcoming IPO and the National Aeronautics and Space Administration’s (NASA) ambitious Moon exploration program. NASA is set to provide updates on the Artemis III mission at a news conference at the Johnson Space Center in Houston, Texas, on June 9. It will also name the four astronauts assigned to the test flight.

Athena, Intuitive Machines' IM-2 mission lunar lander. Photo from Intuitive Machines website Artemis III is set to take off from the Kennedy Space Center in Florida, aboard the Orion spacecraft on the SLS rocket. While Intuitive Machines Inc.

(NASDAQ:LUNR) is not directly involved in the said mission, the upcoming launch is expected to fuel broader optimism across the sector and create additional contract opportunities for key players in the industry. In March this year, Intuitive Machines Inc. (NASDAQ:LUNR) clinched a $180.

4 million contract with NASA for the delivery of science and technology to the lunar surface as part of the agency’s Commercial Lunar Payload Services initiative and Artemis program. The lunar delivery includes seven payloads—five of them NASA’s—and is expected to increase understanding of the chemical composition and structure of regolith, as well as the radiation environment in and around the South Pole region. Further buoying sentiment was SpaceX’s widely anticipated public offering later this year, expected to be the largest offer so far in history, with an aim to raise $75 billion in fresh funds and a valuation close to $2 trillion.

The IPO has reinforced investor confidence in the long-term growth potential of the commercial space sector. While we acknowledge the potential of LUNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock .

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