With the Bullishness Baked In, Take the Smart Bet with Intuitive Machines (LUNR)

You don’t need many excuses these days to wager on space exploration firm Intuitive Machines (LUNR). Tied to the burgeoning space economy — an arena that could be worth over $1 trillion by 2030 — LUNR stock represented one of the few special purpose acquisition companies (SPACs) that showed great promise. To be fair, LUNR still struggled following a burst of initial enthusiasm. However, the early hype is now meeting justification.

Earlier this week, Barchart content partner The Motley Fool reported that Intuitive saw its market value jump by 60% in the first few minutes of the midweek session. That was after NASA announced a gargantuan $4.8 billion moon contract with the space enterprise, which specializes in a range of lunar and orbital services.