Shares of Intuitive Machines (NASDAQ: LUNR) rose 10.1% in April amid a volatile month for the S&P 500 and Nasdaq Composite. This increase was driven by two key announcements, including the selection of SpaceX’s Falcon 9 rocket for its fourth lunar delivery mission (IM-4), which will transport data relay satellites for NASA’s Near Space Network Services (NSNS) aimed at establishing a permanent communication system on the moon. These developments significantly contributed to the company’s stock performance during the month.
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