Intuitive Machines soared more than 57% after hours! Secures a NASA contract worth $4.82 billion

Intuitive Machines surged more than 57% in after-hours trading on the US stock market, reaching $8.50 per share. The company announced that it has secured a nearly $4.82 billion contract with the National Aeronautics and Space Administration (NASA) for a near-space network, providing communication and navigation services to support the Artemis program. The contract has a base period of five years with an option to extend for another five years. Analysts believe that this contract validates Intuitive Machines' prospects and its ability to secure contracts. The CEO stated that this contract marks a turning point for the company's leadership position in the field of space communication and navigation