Why Intuitive Machines Stock Soared Today

Intuitive Machines (NASDAQ: LUNR) stock saw big gains in Wednesday's trading. The company's share price closed out the day's trading up 14.5% and had been up as much as 18.1% earlier in the session.Intuitive Machines stock saw a rebound today as new information about its failed lunar landing mission emerged. Despite today's big valuation gain, the company's share price is still down roughly 59% over the last month. Investors got some fresh news about Intuitive Machines' lunar mission last week. The company's Athena lunar lander touched down on the moon outside of its intended landing area and got stock in a crater. As a result of its positioning, the company was not able to launch robotics systems attached to its lunar lander -- and positioning meant that attached solar panels did not have the necessary solar exposure to recharge onboard batteries. While the overall mission was a disappointment, new data suggests that some of the core technologies involved did function properly in space. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool