Craig-Hallum bullish on Intuitive Machines, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Intuitive Machines (LUNR) with a Buy rating and $17 price target as perceived NASA budget risks are objectively overblown. The firm believes the NASA budgets actually excellent for Intuitive Machines, with major funding increases and new budget lines for Moon/Mars exploration. Previously built on a single contract vehicle, Craig-Hallum thinks it is underappreciated the new phase of business the company is moving into following its successful moon landings.