Tremendous jump in Intuitive Machines stock! The stock is flying in the air because NASA has given the company a huge $4.8 billion contract. This contract is for moon communication services, which the company has to work on from October 2024 to September 2029, and if all goes well, the contract can also be extended till 2034.
The partnership between NASA and Intuitive Machines is going to deepen even more now. The company’s job will be to set up communication between Earth and the Moon, such as handling position, navigation and timing capabilities. These services are very important for space security. Intuitive Machines will get the job of sending signals to the moon for GEO satellites, and this will also benefit NASA’s Deep Space Network, as their load will be reduced.
This is a great news for investors. Till now NASA was giving Intuitive Machines only the task of landing payloads on the moon, but now it is also entering the new business of communication. And this new segment could have billions of dollars in revenue potential for the company.
Whether it’s right to invest in the stock right now is something to ponder over. According to Motley Fool analysts, there are some other stocks in the stock market right now that are giving higher returns than Intuitive Machines. But after the new contract, the future of Intuitive Machines stock seems bright.
So if you’re interested in the space industry, keep an eye on Intuitive Machines!
