Intuitive Machines shares surge on growing space contracts, stronger cash position

From Yahoo Finance: 2025-03-24 11:03:00

Intuitive Machines’ shares surged 24% after reporting a strong fourth-quarter revenue increase. The company secured new contracts for direct-to-earth services with a potential value of $4.8 billion, supporting NASA’s Artemis program. Revenue grew to $54.6 million, with a cash balance of $385 million. Shares fell 61% this year due to issues with moon landings.



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