Intuitive Machines (NASDAQ:LUNR) reported that its Chief Accounting Officer and Controller, Steven Vontur, sold 4,343 shares of Class A common stock on February 11, 2026, at a per-share price of $17.436. The transaction generated $75,724 in proceeds.
After the disposition, Vontur retains direct ownership of 117,047 shares of Intuitive Machines, Inc. Company filings indicate the share sale was carried out to cover tax withholding obligations related to the vesting of restricted stock units and was not a discretionary transaction.
These insider activity details arrive as the space technology sector experiences several notable moves. In a separate announcement, SpaceX and xAI revealed a merger valued at $1.25 trillion, an initiative described as intended to expand artificial intelligence infrastructure into space. That transaction is positioned to increase AI computing capacity beyond Earth and is expected to enhance computing power in space within the next few years.
Intuitive Machines itself has completed a strategic acquisition, finalizing an $800 million deal for Lanteris Space Systems. The purchase was structured using a combination of cash and stock consideration, according to the company disclosure.
Market analysts have issued differing viewpoints on Intuitive Machines following these developments. Stifel downgraded the stock from Buy to Hold, citing uncertainties linked to a NASA contract. By contrast, Cantor Fitzgerald maintained an Overweight rating, pointing to potential contract awards as possible near-term catalysts. Clear Street raised its price target for Intuitive Machines, emphasizing the Lanteris acquisition's favorable implications for future revenue and EBITDA.
Taken together, the insider sale, the acquisition close, and the broader sector merger underscore active strategic repositioning within the space technology industry. The reported insider transaction was explicitly linked to tax obligations tied to RSU vesting rather than discretionary stock trading.
Summary
Steven Vontur sold 4,343 Intuitive Machines shares for $75,724 on February 11, 2026, to satisfy tax withholding on vested restricted stock units. The sale was non-discretionary. Intuitive Machines has completed an $800 million acquisition of Lanteris Space Systems, while a separate $1.25 trillion merger between SpaceX and xAI aims to expand AI infrastructure into space. Analysts remain divided on Intuitive Machines' outlook amid contracting uncertainties and potential catalysts.
Key points
- Insider transaction: Controller Steven Vontur sold 4,343 shares at $17.436 per share on February 11, 2026, totaling $75,724 and now holds 117,047 shares.
- Corporate moves: Intuitive Machines closed an $800 million acquisition of Lanteris Space Systems using cash and stock; separately, SpaceX and xAI announced a $1.25 trillion merger focused on AI in space.
- Analyst divergence: Stifel downgraded LUNR to Hold over NASA contract uncertainties; Cantor Fitzgerald stayed Overweight citing potential contract awards; Clear Street lifted its price target based on acquisition-driven revenue and EBITDA prospects.
Risks and uncertainties
- Uncertainty surrounding a NASA contract, which analysts at Stifel cited when moving the rating to Hold - this affects contract-dependent revenue expectations.
- Dependence on potential contract awards as near-term catalysts, a point highlighted by Cantor Fitzgerald - such outcomes are not guaranteed.
- Timeline risk for the SpaceX and xAI merger to deliver enhanced AI computing power in space within the next few years, as projected in the related announcement.