Here's Why Intuitive Machines Stock Soared in April
Shares of Intuitive Machines (NASDAQ: LUNR) were up in April. The company's stock gained 10.1% over the course of the month. The move came as the S 500 and Nasdaq Composite both had a particularly eventful month.
The company, which designs and builds spacecraft, made two major announcements that helped propel its stock higher.
Earlier in the month, the company announced it had chosen SpaceX's Falcon 9 rocket as the launch system that will carry its fourth lunar delivery mission (IM-4). The rocket, which launches from Florida, will carry data relay satellites critical to NASA's Near Space Network Services (NSNS) contract, an initiative from the Federal agency aimed at creating a permanent communication system on the moon.
Source Fool.com
