The space technology provider announced a contract with NASA that could award some $4.8 billion in work over 10 years.

To establish a permanent base on the Moon and explore its surface, NASA needs a 21st century communications infrastructure. It chose a small Houston, Texas-based commercial space company to do the job.

Intuitive Machines, Inc. (NASDAQ: LUNR) is a space exploration company at the forefront of lunar exploration. Intuitive Machines’ stock price is soaring to new heights following the recent award of a NASA contract for communication and navigation services for missions in the near-space region.

Intuitive Machines Inc (NASDAQ: LUNR) saw a dramatic 50% surge in its stock price today following the announcement of a groundbreaking $5 billion space network contract with NASA. This major deal, signed on Wednesday,

NASA continues to pave the way for lunar exploration by awarding a substantial contract to Intuitive Machines, a Texas-based aerospace company. This deal, potentially worth $4.8 billion, signifies a crucial leap forward in developing the lunar infrastructure needed to support sustained exploration on the moon.