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Stock impact report

Why Intuitive Machines Stock Is Soaring Today [Yahoo! Finance]

Intuitive Machines, Inc. - Class A (LUNR) 
Company Research Source: Yahoo! Finance
The jump comes as the S&P 500 and Nasdaq Composite were up 2% and 1.6%, respectively. The space exploration company announced a deal was reached with SpaceX to launch its fourth lunar mission. Intuitive Machines revealed today that it selected SpaceX's Falcon 9 rocket to launch its fourth lunar delivery mission (IM-4). The rocket will launch from Florida and carry data relay satellites critical to NASA's Near Space Network Services (NSNS) 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 payload of communication infrastructure shows that the company is moving beyond one-off lunar landings toward establishing persistent lunar services. Two more missions will complete the satellite network that will support NASA's lunar ambitions as well as commercial operations. The network will be "pay-by-the-minute," representing a source of recurring revenue for Show less Read more
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