Bullet points of Why Intuitive Machines Stock Rocketed 24% Skyward on Thursday

Bullet points of Why Intuitive Machines Stock Rocketed 24% Skyward on Thursday
- Intuitive Machines' stock price increased by 24% after NASA awarded the company a $4.8 billion contract
- The contract is for a communications system between the Earth and the moon
- The contract is worth up to $4.8 billion
- Analyst Mike Crawford of B. Riley raised his price target for Intuitive Machines to $12 per share
- The company is expected to generate high-margin services revenue and robust free cash flow