Intuitive Machines (NASDAQ:LUNR) gained in pre-market trading after the company announced that the National Aeronautics and Space Administration (NASA) had awarded it a contract worth $30 million. According to the contract, the space exploration company will be the prime contractor tasked with completing a Lunar Terrain Vehicle Services Feasibility Assessment.
With this contract, the company’s global team is responsible for creating a plan to develop and send a Lunar Terrain Vehicle (LTV) to the Moon using the company’s Nova-D lunar lander.
This initial phase contract marks LUNR’s entry into human spaceflight within NASA’s $4.6 billion LTV Services project.
Is Intuitive Machines a Good Stock to Buy?
Analysts remain bullish about LUNR stock, with a Strong Buy consensus rating based on four unanimous Buys. Year-to-date, LUNR stock has skyrocketed by over 100%, and the average LUNR price target of $12.25 implies an upside potential of 104.8% at current levels.
