From CNBC: 2024-09-18 09:44:49

Intuitive Machines stock surged after NASA awarded a lucrative contract for lunar data satellites. The $4.82 billion deal will see the company build and deploy a constellation of satellites for communications and navigation services. With its shares jumping over 50%, analysts view the contract as a significant win for Intuitive Machines, which has a history of successful NASA contracts. The company is preparing for future lunar missions, including launching its next cargo mission in the first quarter and planning for the launch of its first NSN lunar satellite in late 2025.



Read more at CNBC: Intuitive Machines stock soars 50% after NASA moon satellite contract