Why Intuitive Machines Shares Are Soaring Today

Intuitive Machines Inc LUNR shares are trading higher after NASA awarded the company $30 million as a prime contractor to complete a Lunar Terrain Vehicle Services Feasibility Assessment.

Under the contract, Intuitive’s global team is tasked with creating a feasibility roadmap to develop and deploy a Lunar Terrain Vehicle (LTV) on the Moon using its’ Nova-D cargo-class lunar lander.

The first phase award marks the company’s entrance into human spaceflight operations within NASA’s $4.6 billion LTV Services project.

“This procurement strategically aligns with the Company’s flight-proven capability to deliver payloads to the surface of the Moon under the agency’s Commercial Lunar Payload Services initiative, further solidifying our position as a proven commercial contractor in lunar exploration,” said CEO Steve Altemus.

Intuitive Machines’ Moon Reusable Autonomous Crewed Exploration Rover (RACER) global team partners, including AVL, Boeing Company BA, Michelin, and Northrop Grumman Corporation NOC, intend to provide an LTV design architecture with advanced power management, autonomous driving, communications, and navigation systems for lunar exploration.

The Lunar Terrain Vehicle Services vehicle is a major element in returning humans to the lunar surface under NASA’s Artemis campaign.

Price Action: LUNR shares are trading higher by 6.86% at $6.39 in premarket on the last check Thursday.

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