Intuitive Machines, Inc. (LUNR) is seeing a positive movement in its stock price today, largely driven by recent developments in its business operations. The company has been awarded two new 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 reflect a strong bullish sentiment among retail investors. One user expressed confidence in the stock's potential, stating, "LUNR has given us so much time since September to buy more. Went from 7k shares to 19k+. It’s time rip and rip but if it dips temporarily I might be able to make it even 20k shares." 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 $21.94, marking a slight increase of 0.21% from the previous close of $21.89. Despite being early in the trading day, the stock has already seen a volume of 3,705,209 shares, which is 22.09% of its average daily volume of 16,774,648 shares.