Intuitive Machines, Inc. (LUNR) is experiencing a notable rise in its stock price today, driven by the announcement of new contracts with NASA. The company has secured two task orders under NASA's Near Space Network initiative, which aims to enhance communication capabilities for lunar exploration. These contracts, part of a larger $4.82 billion initiative, position Intuitive Machines as a key player in supporting NASA's Lunar Exploration Ground Segment. The contracts are expected to provide additional capacity to reduce demand on the Deep Space Network, a critical component for future lunar missions.
On Reddit, discussions are buzzing with optimism about LUNR's potential. One user confidently stated, "Lunr will go up double in value near launch then after earnings when they report 300% increase in revenue it will go up again." Another user highlighted the company's strategic positioning, noting, "LUNR is set up to be first to market with many products in the loop for moon transit." This sentiment reflects a broader enthusiasm for the company's growth prospects, particularly with the upcoming IM-2 mission scheduled for February 27.
The current price of LUNR is $20.45, marking a 5.85% increase from the previous close of $19.32. Despite being early in the trading day, the stock has already seen a volume of 1,479,971 shares, which is 8.93% of its average daily volume of 16,578,390 shares.