Intuitive Machines Stock Soars 23% As Next Commercial Moon-Landing Mission Looms
Shares of space exploration company Intuitive Machines register their largest daily percentage increase since last April. Shares of space-exploration company Intuitive Machines Inc. climbed 23% on Wednesday ahead of the launch of the firm's commercial lunar lander, which could come as soon as next month.The company's stock, which ended the session at $2.83, registered its highest close since Dec. 15, 2023, when it closed at $2.80, according to Dow Jones Market Data. Intuitive's shares also registered their largest daily percentage increase since April 26, 2023, when they rose 32.28%.Intuitive Machines is in the spotlight after rival Astrobotic Technology's private lunar lander ran into problems just hours into its maiden mission Monday. A propellant leak doomed the moon-landing mission to failure, Astrobotic announced Tuesday. The Peregrine lander had been expected to reach the lunar surface on Feb. 23, where it was to conduct a series of experiments for NASA.The lunar lander is sched