Why These 10 Stocks Are Skyrocketing

4. Intuitive Machines Inc. (NASDAQ:LUNR)

Shares in Intuitive Machines opened at $14.32 apiece on Monday, bucking a quiet session, and ended Tuesday’s shortened trading day up by 16 percent to $16.65 apiece.

Analysts pointed to the company’s historic achievements and multi-billion dollar contracts as having fueled appetite for its shares.

Last week, the National Aeronautics and Space Administration (NASA) selected Intuitive Machines to expand its commercial direct-to-Earth capabilities, which is a mission-critical communication capability that allows spacecraft to transmit data directly to ground stations on Earth.

Under the agreement, Intuitive Machines will receive two task order awards to support NASA’s Lunar Exploration Ground Segment, providing additional capacity to alleviate demand on the Deep Space Network and to meet the mission requirements for unique, highly elliptical orbits. The company also previously received a task order award for Subcategory 2.2 GEO to Cislunar Relay Services.