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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Is Intuitive Machines, Inc. (NASDAQ:LUNR) the Best Aerospace and Defense Stock to Buy According to Analyst?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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Intuitive Machines, Inc. (NASDAQ:LUNR) is a diversified space exploration company that provides a range of space products and services to support sustained robotic and human exploration of the Mars , the Moon , and beyond.

In 2023 , global military expenditures reached a record high of $2.4 trillion , marking a 6.8% increase from the previous year .

Intuitive Machines, Inc. (NASDAQ:LUNR) reported a record fiscal year revenue of $228 million .

The company secured significant contracts, including NASA ’s Near Space Network Services contract valued at up to $4.8 billion .

Overall, LUNR ranks 2nd on our list of best aerospace and defense stocks to buy according to analysts.