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Stock impact report

Why Intuitive Machines Stock Is Soaring This Week [Yahoo! Finance]

Intuitive Machines, Inc. - Class A (LUNR) 
Company Research Source: Yahoo! Finance
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. "Lunar surface delivery and data relay satellites are central to our strategy to commercialize the Moon," said Intuitive Machines CEO Steve Altemus in the announcement. The shift to a payload of communication infrastructure shows that the company is evolving beyond one-off lunar landings toward establishing permanent lunar services. The network will operate on a "pay by the minute" model, creating a recurring revenue stream. Two additional missions will complete the satellite network that will sup Show less Read more
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