Space Exploration Stock Soars on Billion-Dollar NASA Contract
Space exploration stock Intuitive Machines Inc (NASDAQ:LUNR) is soaring today, up 49.4% to trade at $8.06, and earlier trading as high as $8.78. The boost comes after the company landed a $4.8 billion contract with NASA for near space missions, which will include the debut of its lunar satellite constellations.
NASA Awards Intuitive Machines Near Space Network Contract with a Maximum Potential Value of $4.82 Billion
“This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” said Intuitive Machines CEO Steve Altemus. “We’re pleased to partner with NASA, as one team, to support the Artemis campaign and endeavors to expand the lunar economy.”
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