Intuitive Machines Stock Skyrockets on Big NASA Contract
LUNRIntuitive Machines(LUNR) Investopedia·2024-09-18 23:25

Key TakeawaysIntuitive Machines announced it has received a contract worth up to $4.82 billion from NASA to provide communication and navigation services in the near space region.A key part of the agreement is for the company to deploy a constellation of lunar relay satellites to support NASA Artemis moon exploration program.The news sent shares of Intuitive Machines up nearly 60%, and they've gained more than 200% so far this year. Shares of Intuitive Machines (LUNR) blasted off nearly 60% Wednesday, a day ...