The award of a NASA contract worth up to $4.82 billion has cemented Intuitive Machines Inc.’s position as a key partner in the space agency’s ambitious plans for lunar exploration, according to analyst firm Benchmark.

There's nothing like a potentially massive government contract to win the hearts of both investors and analysts.

Space exploration stock Intuitive Machines Inc (NASDAQ:LUNR) is soaring today, up 49.4% to trade at $8.06, and earlier trading as high as $8.78. The boost comes after the company landed a $4.8 billion contract with NASA for near space missions, which will include the debut of its lunar satellite constellations.

Intuitive Machines Inc (NASDAQ:LUNR) shares are taking off Wednesday morning after the company announced that it was awarded a new NASA contract.

Intuitive Machines Inc’s LUNR share price has surged by 38.33%, which has investors questioning if this is right time to sell.

Intuitive Machines secured a NASA contract for lunar communication and navigation services. Click here to see why LUNR stock is a Buy.

Intuitive Machines announced a new contract with NASA on Wednesday. An overview of should you invest in LUNR shares following today's news.

Intuitive Machines shares are blasting higher in extended trading Tuesday after the company announced it was awarded a NASA contract.

NASA said the company was the sole awardee for a "lunar relay systems" contract, which has a maximum total value of $4.82 billion over five years.