Why Intuitive Machines Stock Is Soaring Today

Shares of Intuitive Machines (NASDAQ: LUNR) are jumping on Wednesday, up 12.8% as of 2:55 p.m. ET. The rise comes as the S&P 500 and Nasdaq Composite gained 0.6% and 0.5%, respectively.The space exploration company's stock is moving higher after a Wall Street analyst gave the stock a buy rating just weeks after a major announcement that will see the company team up with a U.K. start-up working to fabricate semiconductors in space.An analyst at the investment bank Craig-Hallum initiated coverage of Intuitive Machines stock with a buy rating and a price target of $17.00, a significant upside from today's price. The analyst cited an escalating space race between the U.S. and China as the main driver of future growth. China has a goal of returning humans to the Moon by 2030, and the U.S. is seeking to do so as well.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool