Key insights
- Intuitive Machines (LUNR) shares declined after NASA awarded Blue Origin the contract to deliver the first Lunar Terrain Vehicle. This is a negative signal for LUNR, as they were previously considered a frontrunner after winning the feasibility study. The loss of this contract may impact future revenue projections and investor sentiment towards LUNR.
During today’s NASA Moon Base briefing, it was announced that Blue Origin will deliver the first Lunar Terrain Vehicle (LTV) as part of the initial robotic missions supporting the lunar base. This comes as a surprise to many, since Intuitive Machines (LUNR) won the earlier LTV feasibility study with its Moon RACER team and had been seen as a strong contender for the next phase. LUNR shares dropped on the news as the long-pending LTV decision appears to have gone (at least partially) to Blue Origin.