Intuitive Machines Stock Is Soaring Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
Intuitive Machines Inc (NASDAQ:LUNR) shares surged after announcing a new NASA contract for Near Space Network services, potentially worth $4.82 billion. The contract includes a five-year base period and a five-year option, marking a significant milestone for the company in space communications and navigation.
September 18, 2024 | 1:23 pm
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Intuitive Machines Inc shares soared after securing a NASA contract for Near Space Network services, potentially worth $4.82 billion. This contract enhances their leadership in space communications and navigation, and includes the deployment of lunar relay satellites.
The announcement of a significant NASA contract worth up to $4.82 billion is a major positive development for Intuitive Machines, likely to boost investor confidence and drive the stock price up. The contract's potential to enhance the company's leadership in space communications and navigation further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100