Intuitive Machines Says Communication With Odysseus Expected To Continue Until Tuesday Morning
Portfolio Pulse from Nabaparna Bhattacharya
Intuitive Machines, Inc. (NASDAQ:LUNR) reported that its moon lander, Odysseus, continues to communicate from the lunar surface, with communication expected to last until Tuesday morning. The lander has sent images from its landing site, Malapert A, marking a significant achievement in lunar exploration. However, shares of Intuitive Machines have dropped following a mishap during landing last Friday, where the lander tipped over, potentially due to excessive speed. Despite the setback, the lander's successful landing and communication have been confirmed by NASA's Lunar Reconnaissance Orbiter Camera team.
February 27, 2024 | 3:26 pm
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Intuitive Machines' shares dropped following a landing mishap with its moon lander, Odysseus, despite successful communication from the lunar surface.
The drop in Intuitive Machines' stock price is directly related to the recent mishap with its moon lander, Odysseus. Despite the successful landing and communication, the initial tipping over of the lander likely caused investor concern over the company's operational risks and future prospects. The confirmation of successful communication and landing by NASA's team may mitigate some concerns, but the immediate impact on the stock price reflects the market's reaction to the mishap.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100