NASA awarded Intuitive Machines a long-term contract potentially worth $4.82 billion to develop, launch, and operate a five-satellite communications and navigation network around the moon.

Shares of Intuitive Machines Inc. are skyrocketing Wednesday, lifted by the award of a NASA contract that could be worth up to $4.82 billion.

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,

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.

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 landed a $4.8 billion contract with NASA Space exploration stock Intuitive Machines Inc (NASDAQ:LUNR) is soaring today, up 49.4% to trade at $8.06, and earlier trading as high as $8.

Intuitive Machines Inc. shares are surging after the space exploration firm said it won another NASA contract. This one could be worth as much as $4.8 billion.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateTo Build a Happier City,

The Houston-based company that made history earlier this year has landed another big NASA deal — with the potential to total more than $4 billion.