Intuitive Machines Due to Benefit from Trump Administration -- Market Talk

Dow Jones11-16

1149 ET - Intuitive Machines has a successful commercial model approach to space infrastructure that should become even more of an asset under the incoming presidential administration, Benchmark analyst Josh Sullivan says in a research note. The next administration under Donald Trump, who started the U.S. Space Force in his first term, appears highly supportive of space, but conscious of costs and supportive of commercial models, the analyst says. Intuitive Machines provides a low-cost avenue for developing lunar infrastructure at a fraction of the cost of the larger components of NASA's Artemis space program, the analyst says. Shares rise 8.6% to $11.12. (dean.seal@wsj.com)

(END) Dow Jones Newswires

November 15, 2024 11:49 ET (16:49 GMT)

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