Shares of Intuitive Machines (LUNR) surged 6.24% in Friday's intraday trading session, riding a wave of enthusiasm for the space industry. The stock's rally was part of a broader upswing in space-related companies, with notable gains seen across the sector.

The optimism surrounding space stocks was fueled by positive developments in the industry. Virgin Galactic (SPCE) announced a partnership with Redwire (RDW) to build research payload lockers for its new Delta-class spaceships. This collaboration aims to expand microgravity research capabilities and support future orbital and deep-space missions.

Redwire, a company that develops space infrastructure and microgravity research technology, experienced a remarkable 17% surge in its stock price. The modular lockers designed by Redwire will be compatible with longer-duration space mission standards, enabling real-time data transmission during flights.