💨 Abstract

Intuitive Machines' shares rose 24% after its Q4 revenue increased due to higher contracts and stronger cash position. The company secured additional contracts for direct-to-earth services with a potential value of $4.8 billion. Its primary revenue source is from space contracts, including the Omnibus Multidiscipline Engineering Services worth $719 million. The company's backlog grew by $59.8 million to $328.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖