Intuitive Machines Stock Surged Following $148.3 Million Contract Award from NASA

Space infrastructure company Intuitive Machines' shares rose 7.4% in pre-market trading after the company announced it had secured a contract worth up to $148.3 million from NASA for the delivery of Nova-C type lunar landers.

Under the agreement, the company must deliver a production-qualified Nova-C lander to NASA by 2028. The contract includes $68.6 million in base funding for mission execution and an additional $79.7 million to be awarded upon successful completion.

This is the sixth contract Intuitive Machines has received under NASA's Commercial Lunar Payload Services (CLPS) program, the highest number among companies participating in the program.

NASA simultaneously awarded four lunar mission contracts with a combined value of approximately $590 million, with portions also received by companies Astrobotic and Firefly Aerospace.

According to analysts, the new contract strengthens Intuitive Machines' position in NASA's Artemis program and increases the company's revenue visibility for the coming years. Investment firm Cantor Fitzgerald continues to recommend buying the company's shares and sets a target price of $43.

The stock growth was also supported by positive market sentiment — on the final trading day of the second quarter, the technology sector showed strong gains, with Nasdaq up 1.5%, S&P 500 up 0.8%, and Dow Jones up 0.3%.