Intuitive Machines rallies 50% on lunar landing success

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Intuitive Machines (LUNR) stock explodes after historic moon landing. Analysts see more room for gains

February 23, 2024 4:56 AM EST

(Updated - February 23, 2024 7:30 AM EST)

Intuitive Machines (NASDAQ: LUNR) said Friday it has successfully landed its Odysseus cargo lander on the Moon, marking the first time a commercial company has accomplished such a feat. LUNR stock surged 50% on the news.

The spacecraft touched down near the lunar south pole, with a brief period of suspense before controllers were able to confirm the landing through a received signal.

We are on the surface and we are transmitting. Welcome to the moon, Intuitive Machines CEO Steve Altemus said from mission control.

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