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Intuitive Machines Stock Surges 53% on $4.8 Bln NASA Contract
NASDAQ:LUNR
Houston, TX, USA – March 12, 2023 – Intuitive Machines, a leading provider of lunar technology and services, has just announced that it has secured a massive $4.8 billion contract with NASA to develop and deploy a lunar lander, causing its stock to surge a whopping 53% on the NASDAQ stock exchange.
The contract, which was awarded to Intuitive Machines under NASA’s Commercial Lunar Lander Services (CLPS) program, will see the company develop a lunar lander capable of transporting scientific instruments and other payloads to the surface of the Moon. The lander is expected to play a critical role in NASA’s plans to return humans to the Moon by 2024 and establish a sustainable presence on the lunar surface.
"We are thrilled to have been selected by NASA for this prestigious contract," said Steve Altemus, CEO of Intuitive Machines. "This contract represents a major milestone for our company and further solidifies our position as a leader in the lunar technology and services market."
The news has sent shockwaves through the financial community, with investors flocking to buy shares of Intuitive Machines stock. The company’s stock price has surged to a high of $22.50 per share, up from its previous closing price of $14.75.
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Intuitive Machines Stock Surges 53% on $4.8 Bln NASA Contract for NASDAQ:LUNR by DEXWireNews
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