Cantor Fitzgerald Maintains an Overweight Rating on Intuitive Machines (LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the best meme stocks. On August 4, Cantor Fitzgerald maintained an Overweight rating on LUNR with a $16 price target.

On July 30, the space technology company received a $9.8 million Phase Two government contract for its Orbital Transfer Vehicle (OTV), allowing the project to move forward to the Critical Design Review stage.

Cantor Fitzgerald Maintains an Overweight Rating on Intuitive Machines (LUNR)

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According to Cantor Fitzgerald, Intuitive Machines is widening its reach by securing contracts beyond NASA, aiming to grow its customer base and offer space mobility services beyond just lunar deliveries.

The research firm reports that the OTV is being engineered to transport payloads of up to 2,100 kilograms with both speed and efficiency.

Intuitive Machines, Inc. (NASDAQ:LUNR) plans to commence the development of the Orbital Transfer Vehicle in 2026, paving the way for possible growth in the space transportation industry.

The company builds and operates space products and services in the United States, offering payload delivery, lunar access, space data services, and infrastructure for autonomous operations.

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