Intuitive Machines (LUNR) Soars 18.5% on Rosy Prospects from US, China Space Race

We recently published 10 Stocks With Eye-Popping Double-Digit Gains. Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the biggest performers on Wednesday.

Intuitive Machines soared by 18.53 percent on Wednesday to end at $13.37 apiece as investors took path from an investment firm’s bullish coverage for the company.

In a market note, investment bank Craig-Hallum gave a “buy” recommendation on shares of Intuitive Machines, Inc. (NASDAQ:LUNR) with a price target of $17. The new figure marked a 27-percent upside from its latest closing price.

According to Craig-Hallum, Intuitive Machines, Inc. (NASDAQ:LUNR) stands to benefit from the aggressive space race between the United States and China, both of which are targeting to again land humans on the moon by 2030.

In other news, Intuitive Machines, Inc.’s (NASDAQ:LUNR) inked a deal with Space Forge for the integration of the latter’s semiconductors into its orbital return platform, Zephyr, to support its Earth reentry program. The program is backed by the Texas Space Commission’s Space Exploration and Research Fund.

Intuitive Machines, Inc. (NASDAQ:LUNR) is scheduled to release the results of its second quarter earnings performance before market open on August 7.

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