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Intuitive Machines Is Headed For The Moon

February 21, 2024
x min read

A publicly traded company is getting one step closer to reaching the moon.

What’s happening:

  • Houston, Texas based space company Intuitive Machines (NASDAQ: LUNR) has successfully completed the launch of their IM-1 mission
  • The launch was done in collaboration with Elon Musk’s SpaceX and has successfully sent Intuitive Machine’s into orbit to reach the moon

Why it matters:

  • The recent launch represents important validation for Intuitive Machine’s technology and future ability to successfully reach the moon
  • Intuitive Machines currently has an existing partnership with NASA to deliver payloads to the moon using their purpose built technology

Going deeper:

  • This is the first ever attempted lunar landing mission for Intuitive Machines as part of NASA’s Commercial Payload Lunar Services
  • The underlying science and technology payloads being validated on this mission are a critical part of future human missions and developing a lunar presence

Market reaction:

  • Intuitive Machine shares were up +45% since announcing the successful launch into orbit

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