Intuitive Machines Inc. (NASDAQ:LUNR) saw its share prices rise for the fourth consecutive day, increasing by 9.18 percent to $12.25 per share on Thursday. The company announced expansion plans at its headquarters in the Houston Spaceport, securing a 25-year lease contract with the city government.

The expansion includes a 16,500-sq-ft spacecraft development and production space, an 8,000-sq-ft warehouse, and 150 new parking stalls to accommodate the growing workforce. Intuitive Machines Inc. (NASDAQ:LUNR) noted that its workforce has increased by 130 percent since 2019. CEO Steve Altemus emphasized the partnership with local government for infrastructure development.

Intuitive Machines Inc. (NASDAQ:LUNR) recently launched a 105,572-sq-ft lunar production and operations center at Houston Spaceport, featuring mission control rooms, spacecraft assembly floors, and research and development laboratories. The company’s aggressive expansion plans have contributed to its recent stock performance.

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Read more at Yahoo Finance: Intuitive Machines (LUNR) Jumps on 4th Day on Aggressive Expansion