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NASA awards $4.8B contract to Intuitive Machines

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NASA has awarded a five-year contract with a maximum total value of $4.82 billion.

Intuitive Machines was selected to build moon data satellites through the contract. The company's stock rose more than 40% on the news.

"This contract marks an inflection point in Intuitive Machines' leadership in space communications and navigation," Intuitive Machines CEO Steve Altemus said in a statement.

Read more from CNBC.

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