Intuitive Machines' stock surged 7.54% during Tuesday's pre-market session, extending a recent rally in the commercial space sector.
The move follows broader momentum from the Artemis 2 mission launch, which has triggered significant buying interest across space-related stocks. Additionally, NASA recently awarded Intuitive Machines a new $180.4 million contract for the IM-5 lunar mission, solidifying the company's role as a key commercial partner in the Artemis program.
Market analysts note that high short interest, reportedly near 30% of the float, may be contributing to the upward price pressure, creating a potential short-squeeze scenario that amplifies gains.
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