BUZZ-Intuitive Machines rises on NASA contract award

Reuters01-25 00:00

BUZZ-<a href="https://laohu8.com/S/LUNR">Intuitive Machines</a> rises on NASA contract award

** Shares of space exploration firm Intuitive Machines LUNR.O rise ~8% to $23.94

** LUNR says NASA has awarded co ~$2.5 mln study contract to advance lunar logistics handling and offloading, as well as surface cargo and mobility

** The contract aims to advance solutions to daily challenges in the lunar environment identified by NASA's Moon to Mars architecture

** LUNR says it plans to focus on tech related to the transportation of lunar payloads using its heavy-cargo-class lunar lander, currently in development

** 5 brokerages rate the stock "buy"; median PT is $16 - LSEG

** LUNR gained 669.5% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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