Here's Why Intuitive Machines Stock Soared in April

Shares of Intuitive Machines (NASDAQ: LUNR) were up in April. The company's stock gained 10.1% over the course of the month. The move came as the S&P 500 and Nasdaq Composite both had a particularly eventful month.The company, which designs and builds spacecraft, made two major announcements that helped propel its stock higher.Earlier in the month, the company announced it had chosen SpaceX's Falcon 9 rocket as the launch system that will carry its fourth lunar delivery mission (IM-4). The rocket, which launches from Florida, will carry data relay satellites critical to NASA's Near Space Network Services (NSNS) contract, an initiative from the Federal agency aimed at creating a permanent communication system on the moon.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool