Intuitive Machines moon mission ‘major success,’ says Canaccord

Canaccord analyst Austin Moeller keeps a Buy rating on Intuitive Machines with a $14 price target after NASA and the company held a joint press conference to discuss the achievements from the IM-1 mission and the status of the lander. Intuitive CEO Steve Altemus indicated that the Odysseus lander is still online and transmitting data, bringing its lifespan on the lunar surface in excess of 6 Earth days and exceeding previous expectations for how long it could collect solar power and continue transmitting to ground stations back home, the analyst tells investors in a research note. The firm says the company also revealed new imagery of the spacecraft at its landing site, which indicated that the vehicle was not actually lying on the ground but is at a 30-degree tilt. Ultimately, the mission remains a “major success” for both Intuitive Machines and its government and commercial customers and could encounter additional success “if it phones home in three weeks when the sun comes up,” adds Canaccord.