06:16 AM EDT, 08/30/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Intuitive Machines ( LUNR ) said late Thursday that it received a $116.9 million contract from the National Aeronautics and Space Administration.

The contract requires the company to deliver six science and technology payloads, including one European Space Agency-led drill suite to the Moon's South Pole.

Shares of the company soared 20% in premarket activity Friday.

Price: 5.7900, Change: +0.97, Percent Change: +20.12