Why Intuitive Machines Stock Is Soaring This Week

Shares of Intuitive Machines (NASDAQ: LUNR) are trading higher this week. The company's stock had gained 9.6% as of 1:14 p.m. ET on Friday. The jump comes as the S&P 500 and Nasdaq Composite both had one of their most chaotic weeks in years.The lunar exploration company announced a deal this week with SpaceX to launch its fourth lunar mission.Investors were pleased to hear the company chose SpaceX's Falcon 9 rocket as the launch system that will carry its fourth lunar delivery mission (IM-4). The rocket will be launched from Florida and carry data relay satellites crucial to NASA's Near Space Network Services contract.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool