Intuitive Machines stock surges on NASA contract worth up to $4.82 billion
Shares of Intuitive Machines Inc. are skyrocketing Wednesday, lifted by the award of a NASA contract that could be worth up to $4.82 billion to the space-exploration company.
The stock is up 54.1% in premarket trades, putting it on pace for its biggest daily percentage gain since Sept. 3, 2023, whe
Intuitive Machines Erupts In Mega Squeeze After Multi-Billion Dollar NASA Space Contract - Nemos News Network
NASA awarded space exploration company Intuitive Machines a multi-billion dollar contract to construct a satellite constellation for communication and navigation services for missions in the near space region, which extends from Earth’s surface and beyond. According to a statement by Intuitive Machines, the contract has a base period of five years and an additional five-year option period. Its maximum potential value is $4.82 billion. The key …
Intuitive Machines (NASDAQ: LUNR) 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 further five yea…
NASA selects Intuitive Machines for lunar communications and navigation services
Intuitive Machines has won a NASA contract worth up to $4.8 billion to provide communications and navigation services at the moon to support the Artemis lunar exploration campaign. The post NASA selects Intuitive Machines for lunar communications and navigation services appeared first on SpaceNews.
