Intuitive Machines (LUNR) stock surged 5.05% in the intraday trading session on Thursday, driven by the company's announcement of a partnership with the Johns Hopkins University Applied Physics Laboratory (APL) to advance lunar communications and navigation infrastructure.
The collaboration aims to establish safe, secure, and reliable communications and navigation capabilities in cislunar space, the region between Earth and the Moon's orbit. Under the Cooperation Agreement, APL will work with Intuitive Machines to determine potential hardware applications that could benefit the United States. Intuitive Machines may adapt these advancements for commercial use, furthering its leadership in the cislunar economy.
This partnership supports Intuitive Machines' vision of building cislunar infrastructure, providing a critical foundation for space domain awareness, data transmission, and navigation services. It aligns with the company's existing contract with NASA to deploy a constellation of lunar data relay and navigation satellites around the Moon, supporting international customers, commercial ventures, and NASA's Artemis campaign.
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