Intuitive Machines, Inc. (LUNR) is experiencing a surge in its stock price today, driven by the announcement of new contracts with NASA's Near Space Network for Direct-to-Earth services. These contracts, which include enhanced data transmission capabilities and autonomous operations, position Intuitive Machines as a key partner in supporting NASA's lunar and deep space missions. The firm-fixed-price, indefinite-delivery/indefinite-quantity task orders are designed to bolster NASA's Lunar Exploration Ground Segment, adding capacity to alleviate demand on the Deep Space Network. This development is seen as a significant step forward for Intuitive Machines, potentially capitalizing on the $4.82 billion maximum potential value of the NSN contract.
On Reddit, users are buzzing about the updated launch date for Intuitive Machines' next mission, now set for February 26, 2025. One user noted, "NextSpaceFlight updated the launch time to a specific date/time: Feb 26, 2025, at 7:02 pm EST," suggesting that this precise scheduling could be a bullish indicator for the stock. The community is also speculating that the confirmation of shipping for the mission could push the stock back into the $20s, reflecting optimism about the company's future prospects.
The current price of Intuitive Machines, Inc. (LUNR) is $18.27, up 8.66% from the previous close of $16.81. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 3,127,189 shares, which is 18.22% of its average daily volume of 17,160,288 shares, indicating relatively low trading activity this morning.