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.

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 has won a NASA contract worth up to $4.8 billion to provide communications and navigation services at the moon to support Artemis.

Intuitive Machines is “the leading beneficiary of NASA’s lunar commercialization efforts,” says B. Riley Securities analyst Mike Crawford.

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.

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

The award of a NASA contract worth up to $4.82 billion has cemented Intuitive Machines Inc.’s position as a key partner in the space agency’s ambitious plans for lunar exploration, according to analyst firm Benchmark.