NASA awarded the lunar-focused company a major contract to build moon data satellites.' stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites."This contract marks an inflection point in Intuitive Machines' leadership in space communications and navigation," Intuitive Machines CEO Steve Altemus said in a statement.
"We see the win today as a significant catalyst and validation towards LUNR's outlook and the company's ability to continue to win contracts," Sheppard wrote in a note to clients. Benchmark's Josh Sullivan, who also has a buy rating and $10 price target, said he believes the latest award shows that NASA views Intuitive Machines' experience"as elite."
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