Intuitive Machines stock plummets after second apparent sideways moon landing

Quick Summary:

Intuitive Machines' shares tumbled 34 per cent 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.

The sideways position complicates power generation from its solar panels, rendering the mission "off-nominal," according to the company.

The company's shares, which went public about two years ago, are susceptible to high volatility, with 56 per cent available for trade.

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Category: EconomyBusiness

Markets: SingaporeBahamas

Topics: Shares Machines Lunar Cent Athena Company Moon Landing Intuitive Aerospace Lander

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2025-03-07 @ 18:13:39 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 430 words

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