Summary of Why Intuitive Machines Stock Rocketed 24% Skyward on Thursday
Summary of Why Intuitive Machines Stock Rocketed 24% Skyward on Thursday
Intuitive Machines' stock price increased by 24% after the company was selected by NASA as the sole provider of a communications system between the Earth and the moon. The contract, worth up to $4.8 billion, is expected to generate high-margin services revenue and robust free cash flow. Analyst Mike Crawford of B. Riley raised his price target for Intuitive Machines to $12 per share, citing the company's potential for long-term growth.
quoting nevent1q…4g0kWhy Intuitive Machines Stock Rocketed 24% Skyward on Thursday
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https://finance.yahoo.com/news/why-intuitive-machines-stock-rocketed-213625287.html
Intuitive Machines' stock price increased by 24% after the company was selected by NASA as the sole provider of a communications system between the Earth and the moon. The contract, worth up to $4.8 billion, is expected to generate high-margin services revenue and robust free cash flow. Analyst Mike Crawford of B. Riley raised his price target for Intuitive Machines to $12 per share, citing the company's potential for long-term growth.