Intuitive Machines stock plummets after second sideways moon landing

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Shares of Intuitive Machines slumped to close 22% lower on Friday after the U.S. space exploration company confirmed that its second moon lander, Athena, landed on its side a day ago, similar to its first attempt last year.

The six-legged lander touched down at a site about 100 miles (160 km) from the moon’s south pole, but Intuitive Machines ended the mission as the spacecraft wound up on its side after completing several mission milestones.

“With the direction of the sun, the orientation of the solar panels, and extreme cold temperatures in the…



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Intuitive Machines stock plummets after second sideways moon landing


Shares of Intuitive Machines slumped to close 22% lower on Friday after the U.S. space exploration company confirmed that its second moon lander, Athena, landed on its side a day ago, similar to its first attempt last year.

The six-legged lander touched down at a site about 100 miles (160 km) from the moon’s south pole, but Intuitive Machines ended the mission as the spacecraft wound up on its side after completing several mission milestones.

“With the direction of the sun, the orientation of the solar panels, and extreme cold temperatures in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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