Why Intuitive Machines Is Skyrocketing Today
Shares of Intuitive Machines (NASDAQ: LUNR) are flying Friday. The stock had gained 4.4% as of 2:50 p.m. ET, but was up as much as 12.5% earlier in the day. The surge comes as the S 500 and Nasdaq Composite lost 0.3 and 0.6%, respectively.
Intuitive just announced it was awarded a key new contract from NASA. Moreover, space stocks at large are getting a boost from comments made earlier in the week by President Donald Trump during his inaugural speech.
Intuitive announced today that it was awarded a contract by NASA to "advance lunar logistics handling and offloading; and surface cargo and mobility under the agency's Next Space Technologies for Exploration Partnership (NextSTEP) Appendix R."
Source Fool.com
