The profit potential for Intuitive Machines stock just got a whole lot bigger. Intuitive Machines (LUNR 47.46%) stock soared 60% in the first five minutes of trading Wednesday morning (up 60.4% through 9:35 a.m. ET) after NASA announced it is awarding a massive $4.8 billion moon contract to the rising space star. The contract, dubbed "GEO to Cislunar Relay Services" covers communication services to the moon from the period of Oct. 1, 2024 through Sept. 30, 2029, and has the "option" of being extended by a f ...

Intuitive Machines' stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites. "This contract marks an inflection point in Intuitive Machines' leadership in space communications and navigation," Intuitive Machines CEO Steve Altemus said in a statement. NASA said the company was the sole awardee to build "lunar relay systems" for the agency's Near Space Network, a system that communicates with government and commercial missions that ar ...

To follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning with my inaugural published piece during my first year of college. I have a double degree in finance and computer science, have passed all three levels of the CFA exam, and currently work in fintech as a data engineer. Finding the time to write becomes more diffic ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

NASA wants to establish a permanent human presence on the Moon, but right now, astronauts have to be in direct line of sight with Earth to phone home. The space agency is looking to change that with its developing Near Space Network, and it's willing to pay potentially huge sums to private companies to help make continuous lunar communications a reality. Those plans got a boost today when NASA announced it had awarded Intuitive Machines a contract to build and deploy a satellite constellation capable of pro ...

HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) ("Intuitive Machines") ("Company"), a leading space exploration, infrastructure, and services company, today announced NASA has awarded the Company a Near Space Network ("NSN") contract for communication and navigation services for missions in the near space region, which extends from Earth's surface to beyond the Moon. This Subcategory 2.2 Geostationary Orbit to Cislunar Relay Services is a new Firm-Fixed-Price, Mult ...

The space exploration company has made huge strides this year. Is now the time to buy? Intuitive Machines (LUNR 7.54%) attracted considerable attention earlier this year after successfully executing its first mission to the Moon in January. This success is part of a notable shift in the approach to space exploration, which has transitioned from government-led endeavors to commercial ventures over the past couple of decades. The surge of interest in space exploration and research is evident, with research fi ...

A decent balance sheet and some big contracts paint a picture of near-term success. In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a first look at Intuitive Machines (LUNR 7.54%) and share their insights about the prospects for the small space start-up stock. *Stock prices used were from the morning of Sept. 10, 2024. The video was published on Sept. 14, 2024. ...

Intuitive Machines, Inc. (LUNR) closed the last trading session at $5.63, gaining 56.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.80 indicates a 74.1% upside potential. The mean estimate comprises five short-term price targets with a standard deviation of $1.10. While the lowest estimate of $8 indicates a 42.1% increase from the current price level, the most optimistic ana ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...