LUNR
You’ve read what changed. Here’s whether the market is confirming it.
Market read
LUNR accounts for 23.7% of the group's measured movement across 6.2 effective names. raw member direction is mixed; 6 of 12 session-normalized paths align to the upside. Capital-flow agreement is 9%, so confirmation is not yet clean. No verified headline preceded the measured group move.
KTOS, MRCY, LMT moved materially before LUNR. LUNR crossed its material path threshold at 11:30 ET, 95 minutes after the first measured mover.
6 of 16 members in Aerospace & Defense are active. 0 of 8 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 5 of 16 members or fewer.
Research brief
LUNR accounts for 23.7% of the group's measured movement across 6.2 effective names. raw member direction is mixed; 6 of 12 session-normalized paths align to the upside. Capital-flow agreement is 9%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Backlog increased by $1.55 billion as of June 30, 2026 compared to December 31, 2025, which includes $612.8 million of acquired backlog associated with the Lanteris acquisition in January 2026, new awards of $1.34 billion primarily associated with a multi-sat…”10-Q · Aug 13, 2026 ↗
“Although we believe that our financial resources will be sufficient to meet our capital needs in the short term, our timeline and budgeted costs for these offerings are subject to substantial uncertainty, including due to compliance requirements of U.S.”10-Q · Aug 13, 2026 ↗
“Although we believe that our financial resources will be sufficient to meet our capital needs in the short term, our timeline and budgeted costs for these offerings are subject to substantial uncertainty, including due to compliance requirements of U.S.”10-Q · May 15, 2026 ↗
“The $46.5 million increase in investing activities was driven by higher capital expenditures of $31.5 million associated primarily with the fabrication and development of commercial communications satellites and navigation network, and capital expenditures re…”10-K · Mar 19, 2026 ↗
Valuation discipline
Price/sales 7.9× · EV/sales 6.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for LUNR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-15 against the comparable filing from 2025-05-13.
“Cost of revenue (excluding depreciation and amortization) Comparison of three months ended March 31, 2026 and 2025 Total cost of revenue increased by $100.8 million , for the three months ended March 31, 2026 compared to the same period in 2025, mostly related to our acquisition of Lanteris in January 2026 which incurred costs of $113.9 million driven by product costs from several government contracts, notably the Tracking Layer program for $32.2 million, NASA Power & Propulsion Element for $27.2 million, and a government defense contract for $6.2 million, and commercial satellite contracts related to EchoStar for $20.1 million, a proprietary commercial contract for $19.7 million, and Siriu...”
“The cost of revenue on IM-2 mission decreased by approximately $8.7 million as the mission was completed in March 2025, partially offset by the IM-4 mission increase of $4.0 million as activity ramps up.”
“Other income (expense), net Total other income (expense), net unfavorable change of $24.4 million for the three months ended March 31, 2026 compared to the same period in 2025 was primarily due to the unfavorable changes in the fair value of warrant liabilities of $52.4 million and contingent consideration liabilities of $0.5 million, interest expense mostly related to the Convertible Notes of $4.9 million partially offset by the favorable change in the fair value of earn out liabilities as the earn out units fully vested during the first quarter of 2025.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“In 2022, our subsidiary was selected to build 16 satellite buses for its customer, L3Harris Technologies (L3Harris), which will be used to detect and track missile threats in real time using infrared sensors.”
“Intuitive Machines is developing its Lunar Terrain Vehicle for NASA through its global partnership team including, AVL, Boeing, CSIRO, Fugro, Michelin, Northrop Grumman, and Roush.”
Depended on by
“A representative list of our customers include: Air Liquide, Applied Research Laboratory at Pennsylvania State University, Aramco, Axiom Space, Bechtel Plant Machinery Inc., Blue Origin, Boeing, CERN, China State-owned Refiners, Cummins, Dow Chemical, DuPont,…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
LUNR is currently a Follower in the organic co-movement group Aerospace & Defense. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.