LUNR Stock Inches Higher After-Hours — Intuitive Machines Hits Another SiriusXM Milestone
newsable.asianetnews.com Sep 16, 2026

LUNR Stock Inches Higher After-Hours — Intuitive Machines Hits Another SiriusXM Milestone

AI-summarised brief · reviewed before publication

Intuitive Machines (LUNR) completed the handover of its SXM‑11 geostationary communications satellite to SiriusXM after successful in‑orbit testing. Launched on June 28 aboard a SpaceX Falcon 9, SXM‑11 is now fully operational and has entered service for SiriusXM. The milestone marks the 13th spacecraft built jointly by the two companies over more than two decades. SiriusXM’s chief product officer confirmed that work is already underway on the next satellite in the series, while Intuitive’s president highlighted the partnership’s commitment to mission success. LUNR shares rose 0.22 % in after‑hours trading.

💡 Why It Matters

  • · The handover confirms Intuitive Machines’ reliability as a satellite builder, reinforcing SiriusXM’s expanding satellite network and potentially boosting the company’s market position in the growing satellite‑communications sector.