Intuitive Machines (LUNR) FY 2025 Earnings: NSNS Contract Scales Backlog
Intuitive Machines reported record FY 2025 revenue driven by the activation of the $4.8 billion Near Space Network Services (NSNS) contract and progress on the IM-2 and IM-3 lunar missions. The company's transition from a mission-centric model to a recurring lunar infrastructure provider is reflected in a multi-billion dollar backlog and improved cash position.