Intuitive Machines (LUNR) Hits All-Time High on NASA Million-Dollar Deal

Intuitive Machines Inc. (NASDAQ:LUNR) is one of the 10 Stocks With Easy 8-20% Gains.

Intuitive Machines soared to a new all-time high on Thursday, as investors continued to take heart from its bagging of an $180.4-million contract with the National Aeronautics and Space Administration (NASA).

In intra-day trading, Intuitive Machines Inc. (NASDAQ:LUNR) climbed to its highest price of $24.30 before trimming gains to finish the session just up by 18.53 percent at $23.99 apiece.

Earlier, Intuitive Machines Inc. (NASDAQ:LUNR) said that it bagged a $180.4 million contract from NASA for the delivery of seven payloads to the lunar surface, and would support increased understanding of the chemical composition and structure of regolith, as well as the radiation environment in and around the South Pole region.

Pixabay/Public Domain

The said award marks Intuitive Machines Inc.’s (NASDAQ:LUNR) fifth Commercial Lunar Payload Services contract with NASA, which has delivered payloads to the Moon twice with their IM-1 and IM-2 missions.

“NASA continues to progress lunar science and exploration by enabling commercial lunar landings,” said Joel Kearns, deputy associate administrator for exploration, Science Mission Directorate, at NASA Headquarters in Washington

“These science and technology investigations aim to support long-term sustainability and contribute to a deeper understanding of the lunar surface, test technologies, and prepare for future human missions at the South Pole,” he added.

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