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Intuitive Machines has received authorization to proceed from an undisclosed customer to begin work on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million.
The initiative will utilize the company's established IM 1300 satellite platform, strengthening its presence in the space communications sector. Details regarding the client remain confidential, and further specifics of the program have not been disclosed at this time.
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Intuitive Machines has recently completed thermal vacuum tests of its Nova-C navigation pod at NASA’s XRCF facility to advance its IM3 mission, according to a previous update from the company. Shares of Intuitive Machines rose 6.1% to $13.1 following news of an agreement involving Goonhilly and COMSAT to expand its space network earlier this year. These developments highlight ongoing activity in the company’s satellite and communications initiatives.