Why Intuitive Machines Stock Rocketed 15% Today

Intuitive Machines (NASDAQ: LUNR) stock soared 15.8% through 9:45 a.m. ET Friday morning after the company announced it has won its fourth moon landing contract from NASA.IM-4 -- the name of the mission -- will see Intuitive Machines send another of its Nova-C-class moon landers to the lunar south pole, there to deliver "six science and technology payloads, including one European Space Agency-led drill suite." Intuitive Machines' IM-4 mission falls under the umbrella of NASA's multibillion-dollar Commercial Lunar Payload Services (CLPS) initiative, which hires private space companies to carry payloads to the moon as preparation for Project Artemis -- Mankind's return to the moon. Financially speaking, CLPS is structured to have contractors perform missions as a service for NASA, rather than the old system in which companies would build and sell spacecraft to NASA, which the space agency would then launch and operate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool