"Intuitive Machines' Moon Mission Ends Prematurely, Shares Tumble"

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Source: Reuters
"Intuitive Machines' Moon Mission Ends Prematurely, Shares Tumble"
Photo: Reuters
TL;DR Summary

Intuitive Machines' shares plummeted 15% as their lunar mission faces premature termination due to communication and solar charging issues with the moon lander Odysseus, following a sideways touchdown. The stock's losses could erase last week's gains after the historic U.S. lunar touchdown. Despite collecting over 95% of their target revenue from the mission, the stock's limited availability for trading has led to high volatility. While the impact on future missions remains uncertain, the company plans to proceed with its next mission, IM-2, later this year using a similar lander.

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