Intuitive Machines gains on $600 million satellite contract
17/08/2026 13:24
BUZZ-Intuitive Machines gains on $600 million satellite contract ** Shares of space firm Intuitive Machines LUNR.O up 5.8% at $20.11 premarket
** Receives authorization from an undisclosed customer to begin work on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million
** Co reported Q2 revenue that missed estimates last week and posted a wider-than-expected loss
** Up to last close, stock has risen ~17% so far this year
(Reporting by Anhata Rooprai in Bengaluru)