Why Intuitive Machines Stock Is Plummeting Today
Shares of Intuitive Machines (NASDAQ: LUNR) are falling on Monday. The company's stock plunged 23.3% as of 1:20 p.m. ET today and was down as much as 23.7% earlier in the day. The steep decline comes amid broader market weakness, with the S 500 down 2% and the Nasdaq Composite down 4%.
The Houston-based lunar technology company confirmed the failure of its second moon mission, dealing a major blow to investor confidence.
Intuitive Machines announced that its robotic Athena spacecraft, which landed on the moon just a day earlier, has died. The lander, which tipped onto its side after touching down on the lunar surface, lost power after being unable to face its solar panels toward the sun.
Source Fool.com
