Historically, how has a catalyst like the NASA contract effected a stock price
9/20/2024 04:48am
Historically, significant catalysts like the NASA contract award have led to substantial increases in Intuitive Machines' (LUNR) stock price. Here are a few examples:
1. **February 2024**: The company's first successful soft landing on the Moon's surface led to a 50.1% stock increase on the day of the launch.
2. **September 2024**: The announcement of the $4.82 billion NASA contract resulted in a 38.33% stock surge within a single session.
3. **Overall trend**: Since the beginning of 2024, LUNR's stock has seen a remarkable increase of 192.4%, outpacing the S&P 500's gain of 17.8%.
These historical responses indicate that catalysts related to NASA contracts and lunar exploration can have a profound impact on LUNR's stock price, leading to significant short-term gains and potentially longer-term growth as the company capitalizes on its strategic positioning in the lunar economy.