Intuitive Machines Better Armed To Compete in Space Race With China -- Market Talk

Dow Jones12-06

1437 ET - B Riley Securities analysts say Intuitive Machines has strengthened its balance sheet and is in a better position to integrate itself into NASA's moon-monitoring programs with a recent cash injection from a stock offering. NASA's Near Space Network Services program, which could rise to a $4.8 billion valuation, is gaining traction as America's geopolitical competition with China to explore the moon heats up. The analysts say Intuitive aims to follow China's lead in deploying data-relay satellites around the moon, and they continue to favor the company's odds of winning a contract tied to NASA's phase 2 Lunar Terrain Vehicle program in late 2025, "perhaps even more so now given fresh capital infusion," they say. Intuitive Machines falls 4.7% after NASA said it would delay its Artemis campaign to establish a long-term presence on the moon. (emon.reiser@wsj.com)

(END) Dow Jones Newswires

December 05, 2024 14:38 ET (19:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment