Nov. 4 at 1:53 AM
$LUNR Stifel began coverage of Intuitive Machines Inc with a Buy rating and a price target of
$18, saying the company is well positioned to benefit from rising U.S. investment in lunar infrastructure as competition with China intensifies.
The brokerage said the Moon has become a new strategic frontier, with NASA and the U.S. military aiming to build lasting infrastructure to support scientific and economic activity.
It called Intuitive Machines an early mover in this field, noting the company’s leadership in lunar delivery and communications and its potential role in developing vehicles for astronauts to use on the Moon’s surface.
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