Intuitive Machines shares are trading higher after the company announced it was awarded a NASA Near Space Network contract for communication and navigation services, with a maximum potential value of $4.82 billion.
Portfolio Pulse from Benzinga Newsdesk
Intuitive Machines shares rise following the announcement of a NASA Near Space Network contract, potentially worth $4.82 billion, for communication and navigation services.
September 18, 2024 | 11:40 am
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Intuitive Machines has been awarded a NASA contract for communication and navigation services, potentially worth $4.82 billion, boosting its stock price.
The NASA contract is a significant win for Intuitive Machines, providing a substantial potential revenue stream. This news is likely to positively impact the stock price in the short term as investors react to the potential financial benefits and increased credibility from partnering with NASA.
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