Why Intuitive Machines Stock Is Soaring This Week
Shares of Intuitive Machines (NASDAQ: LUNR) are trading higher this week. The company's stock had gained 9.6% as of 1:14 p.m. ET on Friday. The jump comes as the S 500 and Nasdaq Composite both had one of their most chaotic weeks in years.
The lunar exploration company announced a deal this week with SpaceX to launch its fourth lunar mission.
Investors were pleased to hear the company chose SpaceX's Falcon 9 rocket as the launch system that will carry its fourth lunar delivery mission (IM-4). The rocket will be launched from Florida and carry data relay satellites crucial to NASA's Near Space Network Services contract.
Source Fool.com
