Just Another WordPress Site Fresh Articles Every Day Your Daily Source of Fresh Articles Created By Royal Addons

Want to Partnership with me? Book A Call

Popular Posts

  • All Post
  • Art
  • Beauty
  • Business / Investing
  • Cartoons and series
  • Entertainment
  • Fashion
  • Gastronomy
  • Health & Fitness
  • Home & Garden
  • Motorsport
  • Movies
  • Music
  • New Products
  • NEWS
  • Online Courses
  • PET
  • Relationship
  • Reviews
  • Spirituality
  • Sports
  • Top Offers
  • Tourism

Dream Life in Paris

Questions explained agreeable preferred strangers too him her son. Set put shyness offices his females him distant.

Categories

Nagano Tonic

Prostavive

Liv Pure

Edit Template

Intuitive Machines Stock Surges Over 40% After NASA Lunar Satellite Contract

Intuitive Machines’ stock saw a significant jump in early trading on Wednesday after NASA awarded the lunar-focused company a major contract to build lunar data satellites.

“This contract marks a turning point in Intuitive Machines’ leadership in space communications and navigation,” said Steve Altemus, CEO of Intuitive Machines, in a statement.

According to NASA, the company was the sole awardee to develop “lunar relay systems” for the Near Space Network (NSN), a system that communicates with government and commercial missions up to one million miles from Earth. The contract outlines that Intuitive Machines will build and deploy a constellation of lunar satellites to provide communication and navigation services, especially for NASA’s Artemis program.

The five-year contract has a maximum total value of $4.82 billion, with awards being issued incrementally as work progresses. Intuitive Machines’ initial NSN award is worth $150 million.

As a result, Intuitive Machines’ shares surged over 40% in afternoon trading, rising from its previous close of $5.40 per share.

Cantor Fitzgerald analyst Andres Sheppard, whose firm assigns a buy-equivalent rating and a $10 price target for the stock, considered the NSN contract a major boost for the company.

“We see today’s win as a significant catalyst and validation of LUNR’s outlook and the company’s ability to continue securing contracts,” Sheppard wrote in a note to clients.

This year, Intuitive Machines’ stock has more than doubled as the company has consistently secured contracts with NASA.

In February, Intuitive Machines made history by becoming the first U.S. company to successfully soft-land a cargo mission on the lunar surface. Since then, the company was one of three firms to be awarded contracts under NASA’s $4.6 billion crew lunar rover program and secured its fourth cargo delivery contract with a $117 million award last month.

Josh Sullivan from Benchmark, who also assigns a buy rating and a $10 price target to LUNR, noted that the latest award shows NASA’s trust in the company’s elite expertise.

“LUNR’s path to becoming the leading player in lunar infrastructure took a big leap forward with the NSN contract,” Sullivan wrote.

Intuitive Machines is preparing to launch its next lunar cargo mission, IM-2, in the first quarter. Analysts expect the company’s first NSN lunar satellite to launch on the IM-3 mission, scheduled for late 2025.

Get In Touch With Us!​

About

Appetite no humoured returned informed. Possession so comparison inquietude he he conviction no decisively.

Recent Post

  • All Post
  • Art
  • Beauty
  • Business / Investing
  • Cartoons and series
  • Entertainment
  • Fashion
  • Gastronomy
  • Health & Fitness
  • Home & Garden
  • Motorsport
  • Movies
  • Music
  • New Products
  • NEWS
  • Online Courses
  • PET
  • Relationship
  • Reviews
  • Spirituality
  • Sports
  • Top Offers
  • Tourism

© 2023 Criado com Royal Elementor Addons

plugins premium WordPress