Transaction details
Timothy Price Crain II, Intuitive Machines, Inc.'s senior vice president and chief technology officer, reported the sale of 23,226 shares of Class A common stock on February 11, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were sold at $17.436 each, generating proceeds of $404,968.
Following the disposition, Crain retains direct ownership of 359,726 shares of Intuitive Machines. The filing specifies the sale was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units and was not a discretionary transaction.
Company financial snapshot
Intuitive Machines currently trades above its InvestingPro Fair Value estimate and carries a market capitalization of $2.83 billion. The company has not been profitable over the trailing twelve months. Its balance sheet shows robust liquidity, with a current ratio of 6.28 and more cash than debt, a point highlighted in the InvestingPro Pro Research Report covering LUNR.
Recent corporate and sector developments
The transaction comes against a backdrop of notable activity in the space technology and AI infrastructure sectors. Outside the company, SpaceX and xAI announced a merger valued at $1.25 trillion - a major development observers view as expanding artificial intelligence capabilities beyond Earth.
At the company level, Intuitive Machines completed an $800 million acquisition of Lanteris Space Systems. The purchase involved $450 million in cash and $350 million in stock. Market reactions to the acquisition have been mixed among equity analysts.
Stifel moved its rating on Intuitive Machines from Buy to Hold, citing uncertainties tied to an impending NASA contract decision. In contrast, Cantor Fitzgerald maintained an Overweight rating on the company, pointing to several potential contract awards that could act as catalysts. Clear Street raised its price target for Intuitive Machines to $25.00, explicitly citing the Lanteris transaction as a positive development expected to support increased revenue and adjusted EBITDA.
Context and takeaways
The insider sale reported by the CTO was described by the filer as a tax-withholding related sale, not a discretionary move. The company shows strong liquidity metrics but remains unprofitable on a trailing-twelve-month basis while trading above the InvestingPro Fair Value estimate. Recent M&A activity within the broader space and AI sectors, plus Intuitive Machines' own sizable acquisition and split analyst sentiment, form the current backdrop for investors and industry watchers.
Is LUNR a bargain right now? The original report referenced an InvestingPro Fair Value calculator that aggregates multiple valuation models to assess relative value.