Intuitive Machines is trading 4.79% up now at $19.92 after receiving authorization to proceed on a multi-satellite communications infrastructure program valued above $600 million.
- The undisclosed customer will use the company’s IM 1300 platform; contract timing, satellite count, and customer identity remain undisclosed.
- The authorization extends momentum after the August 13 earnings report, which highlighted a record $1.8 billion backlog and reaffirmed 2026 revenue guidance.