Intuitive Machines Stock Rises as Latest Moon Mission Launches on SpaceX Rocket
Key Points
- Stocks of Intuitive Machines rose Thursday after the company’s Lunar Lander took off on SpaceX Rocket on Wednesday night.
- Athena Lander will land on the moon in the next few days, the second mission of NASA’s commercial lunar payload service program.
- Last year, the company has obtained a number of contracts related to lunar missions and other space projects from NASA.
Intuitive Machine Shares (lunrThe latest Lunar Lander Mission was successfully launched on the SpaceX Falcon 9 Rockets on Wednesday night, rising Thursday.
The space exploration company said last week that its Lunar Lander Athena is ready for launch on a rocket. The mission will include Athena Lander, which will use the data collection device as part of NASA’s Commercial Lunar Payload Services (CLPS) program, with the data collection device as a second mission.
“NASA uses U.S. companies to send scientific tools and technology demonstrations to the moon, advancing our understanding of moon and planetary processes while paving the way for future crew missions,” Intuitive Machines said last month. “Athena’s mission is to validate resource exploration, mobility and communication infrastructure in the Moon Monsmudton region, one of nine potential Artemis III landing sites.”
The intuitive machine became the first commercial company ever to land on the moon about a year ago, marking the first time the United States has returned to the moon since the Apollo mission.
In the following months, the company has received several contracts from NASA for missions related to the moon and other space exploration projects.
The space exploration company’s shares rose more than 4% Thursday morning after the company earned 7% before its release on Wednesday, bringing them up 163% over the past 12 months.