Why Intuitive Machines Stock Keeps Going to the Moon
2 min readAfter surging in share price on news of a successful launch and trip toward the moon earlier this week, shares of tiny space stock Intuitive Machines (NASDAQ: LUNR) sold off in subsequent days. Investors held their breath and waited for word on whether the company’s Nova-C lander would land successfully…or crash.
And now, the news is out. Nova-C has landed on the moon — and Intuitive Machines stock is rocketing, up an astounding 25.8% as of noon ET.
Once more, with feeling
Intuitive Machines’ first Nova-C lander, dubbed “Odysseus,” blasted off atop a SpaceX Falcon 9 rocket just after midnight on Thursday last week. Almost precisely one week after its launch — this Thursday evening — Intuitive Machines was able to proudly announce:
In an update this morning, Intuitive Machines was further able to confirm that Odysseus landed safe, sound, and upright (in contrast to some failed landings by other countries in recent months); that its solar panels are charging; and that it’s in contact with the company’s mission control center in Houston.
In short, the mission is a 100% success — America’s first moon landing in more than half a century.
Is Intuitive Machines stock a buy?
Space stock Intuitive Machines isn’t looking too shabby itself. Maybe not up 100%, but easily 25%. That seems a fair reward for the company that just returned America to the moon. The question now for investors is whether Intuitive Machines stock can continue to reward them with a higher and higher stock price.
It’s not entirely clear that it can, but there’s a chance. Here’s how the math works.
Analysts polled by S&P Global Market Intelligence think Intuitive Machines — which was profitable last year thanks, in large part, to the $118 million NASA paid it for Odysseus — will turn unprofitable again in 2024. That’s the bad news.
The good news is that Intuitive Machines is slated to launch as many as two more Nova-C landers to the moon this year (on missions dubbed IM-2 and IM-3,…
2024-02-23 13:29:34
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