Why Intuitive Machines Stock Mooned 60% Today
Intuitive Machines(LUNR) The Motley Fool·2024-09-18 22:02
The profit potential for Intuitive Machines stock just got a whole lot bigger. Intuitive Machines (LUNR 47.46%) stock soared 60% in the first five minutes of trading Wednesday morning (up 60.4% through 9:35 a.m. ET) after NASA announced it is awarding a massive $4.8 billion moon contract to the rising space star. The contract, dubbed "GEO to Cislunar Relay Services" covers communication services to the moon from the period of Oct. 1, 2024 through Sept. 30, 2029, and has the "option" of being extended by a f ...