Intuitive Machines is trading 4.8% up in pre-market at $19.92. - The company announced an authorization to proceed on a new multi-satellite communications infrastructure program valued at more than $600 million on August 17. - Stifel upgraded Intuitive Machines to Buy from Hold, citing the company's record $1.8 billion backlog and reaffirmed $900 million–$1.0 billion 2026 revenue guidance, despite a quarterly earnings miss.