Intuitive Machines Inc. (NASDAQ:LUNR) traded lower Tuesday morning as investors digested a newly disclosed multi-satellite communications infrastructure program expected to be worth more than $600 million alongside recent quarterly results that showed rapid revenue growth but missed Wall Street estimates. The company said it received authorization to proceed on the program, under which it will use its IM 1300 satellite platform to design, manufacture, integrate and support multiple spacecraft. Chief executive officer Steve Altemus said the award marks a critical milestone and reflects rising demand for the company's space infrastructure capabilities across commercial, civil and national security markets. The contract adds to Intuitive Machines' push to expand beyond lunar lander missions and scale more production-oriented space systems work. The announcement followed second-quarter results showing revenue rose to $206.17 million from $50.31 million a year earlier, while missing consensus estimates of $220.76 million; loss per share was 29 cents, compared with expectations for a 7-cent loss. Analyst revisions followed, with Stifel upgrading the stock to Buy while cutting its price target to $26 from $32, and Cantor Fitzgerald reiterating Overweight while lowering its target to $32 from $43. Shares were down 3.63% at $19.64 at the time of publication Tuesday, after earlier strength on the contract news.