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Intuitive Machines' second moon landing is on deck. Its stock is falling.
MarketWatch· 2025-03-06 14:22
Core Viewpoint - Intuitive Machines Inc. is preparing for its second moon landing with the uncrewed Nova-C lander named Athena, expected to land on the lunar surface soon [1] Company Summary - The company's stock, LUNR, has experienced a significant increase of 175.6% over the past 12 months [1] - Despite the positive long-term performance, LUNR stock is down 2.9% in premarket trading [1] Industry Summary - The upcoming moon landing represents a notable event in the space exploration sector, highlighting advancements in lunar missions [1]
Why Intuitive Machines Stock Popped on Wednesday
The Motley Fool· 2025-02-26 18:45
Core Viewpoint - Intuitive Machines' stock surged 9.9% ahead of the scheduled launch of its Nova-C lunar lander, Athena, by SpaceX, indicating strong investor confidence in the company's lunar mission capabilities [1][2]. Company Overview - Intuitive Machines is attempting to replicate its previous success with the IM-1 mission, which marked the first U.S. lunar landing in over 50 years [2][3]. - The IM-2 mission aims to deliver cargo and transmit data back to Earth, further establishing Intuitive Machines as a key player in lunar exploration [4]. Mission Details - The IM-2 mission is part of NASA's Commercial Lunar Payload Services (CLPS) initiative, which supports the broader Project Artemis goal of returning American astronauts to the moon by the end of the decade [5]. - The Nova-C lander, named Athena, is expected to take eight days to reach the moon, with a landing attempt scheduled for March 6 [3][4]. Financial Implications - NASA has awarded Intuitive Machines $47 million for the IM-2 mission, which constitutes approximately 25% of the company's projected revenue for 2024 [6]. - A successful IM-2 mission could solidify Intuitive Machines' reputation as a reliable lunar lander provider [6].