$LUNR: NASA Awards Intuitive Machines $4.82B Near Space Network Contract

Sep 17, 2024, 08:39 PM

NASA has awarded Intuitive Machines a Near Space Network contract with a maximum potential value of $4.82 billion. The contract supports communication and navigation services for missions from Earth to beyond the Moon. Intuitive Machines, based in Houston, will deploy lunar relay communication satellites as part of the contract. This significant contract highlights NASA's ongoing efforts to enhance its space communication infrastructure. The award was announced on Sep. 17, 2024, and has positively impacted $LUNR stock.