Space exploration stock Intuitive Machines Inc (NASDAQ:LUNR) is extending its selloff in a big way today.
Intuitive Machines' Athena moon landing may have suffered the same fate as its Odysseus lander last year and toppled over on the lunar surface.
Intuitive Machines' shares tumbled 34% in premarket trading on Friday after its second moon lander, Athena, appeared to have landed on its side, mirroring the company's first lunar landing attempt last year.
After hours of uncertainty, officials from the Houston company said there are clues that the spacecraft is on its side, which could limit the mission's scientific accomplishments.
Intuitive Machines has landed a second spacecraft on the moon, just one year after accomplishing the feat for the first time ever. Unfortunately, much like that first attempt, it seems the company's spacecraft may have tipped on its side.
Intuitive Machines aimed for a gentle touchdown of its IM-2 Athena lander packed with rovers, a drone and a NASA moon drill. The company is still assessing the landing.
Space-exploration company Intuitive Machines is set to make its second moon landing Thursday.
Shares of space exploration firm Intuitive Machines (NASDAQ:LUNR) may be plunging back to Earth, now down around 39% from their 52-week highs just north of $23 per share.
Intuitive Machines NASDAQ: LUNR has an upcoming event that could cause its shares to shoot to the moon or crash and burn. This small-cap space stock has experienced massive volatility in its share price; however, it has provided a huge return of 130% in the past 52 weeks as of Mar. 3.
The 1960s marked an exciting era of exploration. However, as the years rolled on, interest in space exploration began to fade, with governments shifting their focus to other priorities.
Intuitive Machines (LUNR -13.06%) stock is getting hit with big sell-offs in Thursday's trading. The company's share price was down 12.2% at 3:30 p.m.
Intuitive Machines' second lunar lander, Athena, blasted off Wednesday evening. It will reach the moon in about a week.