The intuitive machine (LUNR) jumps with aggressive expansion on the fourth day

Recently released Wall Street Shocker: 10 shares of Sky High. Intuitive Machines Inc. (NASDAQ: LUNR) is one of the top performance companies on Thursday.

The intuitive machine hit 9.18% at $12.25 at $12.25, following expansion plans at Houston Spaceport headquarters, after rising stock prices for the fourth consecutive day on Thursday, successfully securing another 25-year lease agreement with the city government.

In a statement, Intuitive Machines Inc. (NASDAQ: LUNR) said the development includes 16,500 square feet of spacecraft development and production space, 8,000 square feet of warehouses and storage facilities, and 150 new parking spaces to accommodate the growing workforce. The company noted that its workforce has already increased by 130% since 2019.

“This expansion reflects the strengths of our partnership with local governments and our shared commitment to building the infrastructure, labor and capacity needed to realize our current government mission and meet the requirements of:

A satellite is released from the launch vehicle and heads towards space.

The project followed the launch of the 105,572 square feet of lunar production and operations center (NASDAQ: LUNR) in Houston Space Plants, featuring mission control rooms, spacecraft assembly floors and research and development laboratories.

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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.