Why Intuitive Machines' Stock Is Blasting Off In Extended Trading
Portfolio Pulse from Erica Kollmann
Intuitive Machines' stock surged in after-hours trading following the announcement of a significant NASA contract for communication and navigation services in near space. The contract, valued at up to $4.82 billion, supports NASA's Artemis campaign and includes a lunar satellite constellation.
September 17, 2024 | 9:22 pm
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Intuitive Machines' stock surged 37% in after-hours trading due to a new NASA contract for communication and navigation services, valued at up to $4.82 billion. This contract enhances the company's role in NASA's Artemis campaign.
The announcement of a substantial NASA contract significantly boosts Intuitive Machines' business prospects and market perception, leading to a sharp increase in its stock price. The contract's potential value and its role in the Artemis campaign highlight the company's strategic importance in space exploration.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100