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Wajeeh Khan

A $600 Million Reason Intuitive Machines (LUNR) Stock Is Up Today

Intuitive Machines LUNR

Intuitive Machines (LUNR) stock is rallying on Monday after management said the company has been selected for a $600 million multi-satellite communications infrastructure program. Under the agreement with an undisclosed customer, LUNR will design, manufacture, integrate, and support multiple spacecraft leveraging its proprietary IM 1300 satellite platform.

Despite recent gains, Intuitive Machines shares remain down more than 50% versus their year-to-date high.

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