From Yahoo Finance: 2025-05-13 19:37:00

Intuitive Machines, Inc. (LUNR) saw a significant 22.42% surge in its stock price on Tuesday, closing at $11.63 per share following a strong Q1 earnings report. The company reported an 88% decrease in net loss compared to the same period last year, with revenues declining by 14.6%.

Despite the overall mixed performance of the stock market, the S&P 500 and Nasdaq posted gains of 0.72% and 1.61% respectively, while the Dow Jones fell by 0.64%. Ten companies stood out with strong gains due to positive developments like ratings upgrades and solid earnings reports.

Intuitive Machines, Inc. (LUNR) CEO Steve Altemus expressed optimism about future growth opportunities, targeting revenues of $250 million to $300 million by 2025. The company aims to expand into new markets beyond lunar exploration, leveraging its expertise in infrastructure and data services across the space economy.

LUNR ranks 4th on the list of firms crushing the market, with potential for investment. However, Insider Monkey suggests that AI stocks may offer greater returns in a shorter timeframe. They highlight an AI stock showing growth in 2025 while other popular AI stocks have declined. For a promising AI stock trading at less than 5 times earnings, check out their report on the cheapest AI stock.



Read more at Yahoo Finance: Why Intuitive Machines, Inc. (LUNR) Skyrocketed On Tuesday