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Intuitive Machines, Inc. has received a significant boost to those efforts with a $4.82 billion NASA contract for communication and navigation services for missions in the near-space region.
Intuitive Machines Lands NASA Contract Worth Up to $4.8 Billion. Intuitive Machines saw a massive spike in its shares last week due to an announcement that it secured a contract with NASA.
Over the course of a 10-year contract, $4.8 billion averages out to an extra $480 million a year in annual revenue -- roughly quadrupling Intuitive's current $158 million-a-year annual revenue stream.
Shares of Intuitive Machines blasted off nearly 60% Wednesday, a day after the space travel support firm received a NASA contract worth up to $4.82 billion.
Shares of space-exploration company Intuitive Machines are up more than 54% in premarket trades Shares of Intuitive Machines Inc. are skyrocketing Wednesday, lifted by the award of a NASA contract ...
Earlier this year NASA awarded the space-exploration company a $30 million contract to complete a feasibility roadmap for the LTV rover using Intuitive Machines' Nova-D lunar lander.
Now Intuitive Machines‘ role in the future of lunar exploration seems even more solid. NASA revealed it’s just awarded the small company a $4.82 billion contract to develop lunar relay systems ...
Summary. Intuitive Machines secured a $4.82 billion NASA contract, with $150 million guaranteed soon, ensuring stable revenue and reducing the need for external funding.
Ultimately, it will take Intuitive roughly 10 years to earn the entirety of the $4.8 billion award, with the initial five-year contract running through Sept. 30, 2029, and an optional five-year ...
Intuitive Machines saw a massive spike in its shares last week due to an announcement that it secured a contract with NASA. The contract has a value of up to $4.8 billion.