LUNR
Intuitive Machines Inc.
NASDAQ: LUNR · INDUSTRIALS · AEROSPACE & DEFENSE
$26.62
-13.12% today
Updated 2026-06-12
Market cap
$7.03B
P/E ratio
—
P/S ratio
21.04x
EPS (TTM)
$-0.87
Dividend yield
—
52W range
$8 – $47
Volume
16.0M
Intuitive Machines Inc. (LUNR) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed LUNR price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$26.62
Today
Analyst consensus
$29.65
+11.38% · 12M
2030 Base
$36.80
+38.24% future
NPV today
$21.29
@ 13% WACC
13 analysts:
8 Buy2 Hold4 Sell
Management guidance
CEO Stephen Altemus guided FY2026 revenue of $900M-$1,000M (midpoint $950M), representing 352-376% growth from FY2025's $210M. Management explicitly targets positive Adjusted EBITDA for 2026 and beyond. Q1 2026 record backlog of $1.1B provides near-term visibility; company acquired Lanteris ($800M deal) and announced Goonhilly/COMSAT acquisition to expand space-to-ground infrastructure, signaling multi-year revenue runway through 2028-2030.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
LUNR · Intuitive Machines Inc. · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$18.14
NPV today: $10.50
Base case (2030)
$36.80
NPV today: $21.29
Bull case (2030)
$86.56
NPV today: $50.09
WallStSmart.com
LUNR financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.2B | $0.3B | $0.5B | $0.7B | $0.8B | $1.0B |
| Revenue growth | -7.9% | 352.4% | 34.7% | 28.1% | 19.5% | 17.9% |
| Net margin | — | 3.7% | 10.3% | 13.3% | 15.5% | 18.3% |
| EPS | $-0.42 | $0.08 | $0.32 | $0.58 | $0.82 | $1.14 |
| Diluted shares | — | 160M | 160M | 160M | 161M | 161M |
| Net debt | — | $-113.34M | $82.93M | $357.71M | $691.37M | $1.08B |
| P/S multiple | — | 7.0x | 7.0x | 7.0x | 7.0x | 7.0x |
| Implied price (base) | — | $16.01 | $21.32 | $28.31 | $32.74 | $36.80 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B |
| P/S multiple | 4.0x | 7.0x | 15.0x |
| Diluted shares | 161M | 161M | 161M |
| Net debt | $1.08B | $1.08B | $1.08B |
| Implied P/E † | 16x | 32x | 76x |
| 2030 Price | $18.14 | $36.80 | $86.56 |
| NPV @ 13% | $10.50 | $21.29 | $50.09 |
† Implied P/E: Multiples remain elevated across all three scenarios because LUNR is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $36.80 base case
LUNR catalysts and risks
Growth catalysts
+ Lanteris Space Systems integration ($800M acquisition completed Q1 2026) driving recurring revenue from satellite communications and PNT services
+ Record $1.1B backlog execution (Q1 2026 quarter-end) across NASA CLPS contracts, SDA $428.9M award, and $20M LROC/ShadowCam contracts providing multi-year visibility
+ Goonhilly Earth Station + COMSAT acquisition (Q3 2026 close expected) adding 44 antennas and deep space communications capacity for lunar/cislunar networks
+ NASA Artemis program continuation and sustained lunar infrastructure demand supporting recurring CLPS and lunar surface operations contracts through 2030
+ Commercial space-to-ground data services and Space Domain Awareness (SDA) TAM expansion as constellation operators scale (estimated $50B+ TAM by 2030)
Key risks
- Integration execution risk on three major acquisitions (Lanteris, Goonhilly/COMSAT) within 12-18 months; execution stumbles could reduce synergy realization by 20-40%
- NASA budgetary constraints or Artemis program delays could compress CLPS contract award cadence and timing of revenue recognition
- Competitive pressure from Axiom Space, Sierra Space, Blue Origin logistics division, and international players in lunar surface operations and space-to-ground networks
- Insider selling activity (Ghaffarian sold $7.5M+ in April-May 2026 via Rule 10b5-1 plan) suggests management view of valuation risk at current $34 price
- SpaceX IPO and investor capital reallocation away from smaller space infrastructure players could compress LUNR valuation multiples 2026-2027
- Supply chain and manufacturing scaling risks as company scales from $210M (FY2025) to $1B+ (FY2026) — gross margin sustainability uncertain
Methodology · Intuitive Machines Inc. 2030 stock forecast model
Intuitive Machines Inc. 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (0% cumulative for LUNR by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($1.08B by 2030) |
| 3. Time value | NPV calculated using 13% WACC (CAPM: beta 1.469) |
| 4. Multiple framework | P/S compresses with scale: bear 4.0x / base 7.0x / bull 15.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
LUNR price target FAQ
What is the LUNR price target for 2030?
WallStSmart's Intuitive Machines Inc. 2030 base case is $36.80 per share, with a bull case of $86.56 and bear case of $18.14. The NPV of the base case discounted to today at 13% WACC is $21.29.
How is the Intuitive Machines Inc. 2030 stock forecast calculated?
The LUNR 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the LUNR price target account for dilution?
Intuitive Machines Inc. is projected to grow diluted share count from 160M to 161M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on LUNR stock?
13 analysts cover LUNR with an average 12-month price target of $29.65. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.