Intuitive Machines (LUNR) Jumps on 4th Day on Aggressive Expansion

We recently published Wall Street Shockers: 10 Stocks on Sky High. Intuitive Machines Inc. (NASDAQ:LUNR) is one of the top-performing companies on Thursday.

Intuitive Machines grew its share prices for a fourth straight day on Thursday, adding 9.18 percent to close at $12.25 apiece following expansion plans at its headquarters at the Houston Spaceport after successfully securing another 25-year lease contract with the city government.

In a statement, Intuitive Machines Inc. (NASDAQ:LUNR) said the developments include a 16,500-sq-ft spacecraft development and production space, an 8,000-sq-ft warehouse and storage facility, and 150 new parking stalls to accommodate the growing workforce. The company noted that its workforce has already grown by 130 percent since 2019.

“This expansion reflects the strength of our partnership with local government and our shared commitment to building the infrastructure, workforce, and capabilities needed to deliver on current government missions and meet the demands for what’s next,” said Intuitive Machines Inc. (NASDAQ:LUNR) CEO Steve Altemus.

Intuitive Machines (LUNR) Jumps on 4th Day on Aggressive Expansion

A satellite being released from a launch vehicle, heading into space.

The project followed Intuitive Machines Inc.’s (NASDAQ:LUNR) launch of a 105,572-sq-ft lunar production and operations center at Houston Spaceport, which features mission control rooms, spacecraft assembly floors, and research and development laboratories.

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Disclosure: None. This article is originally published at Insider Monkey.