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Inuitive Machines Has More Plans For The Moon

May 19, 2024
x min read

One of the most exciting publicly traded space companies in the world is getting ready for another mission to the moon.

What’s happening:

  • Aerospace company Intuitive Machines (NASDAQ: LUNR) has announced they are officially preparing for their second ever trip to the moon later this year

Why it matters:

Going deeper:

  • Intuitive Machines is amongst a small handful of early stage companies who have been selected to receive funding from NASA in order to advance critical technology for delivering payloads to the moon
  • The first moon landing completed by Intuitive Machines was done in collaboration with Elon Musk founded aerospace company SpaceX

Market reaction:

  • Shares of Intuitive Machines initially soared more than 300% following their first successful mission to the moon and are still up more than 100% since the start of the year

The intrigue:

  • Intuitive Machines has also recently publicly stated are collaborating with NASA to redesign the Mars Sample Return program, which is an $11B USD project incubated by NASA aiming to successfully collect and return samples from Mars for research purposes

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