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Intuitive Machines Stock Rockets After Moon Landing

A spacecraft stock is heading to the moon.

The Odysseus landing marked the first time a U.S. vehicle has touched down on the moon since 1972. It is also the first time a private company has completed a landing.

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Shares of Intuitive Machines, the company behind the spacecraft that landed on the moon late Thursday, were recently up more than 30%. The shares were trading above $11 and were on track for their highest close since March.

Intuitive Machines stock has been on wild ride since the company listed a year ago. This week, the stock rallied Tuesday after updates about the moon mission, before falling Wednesday and Thursday.

The company’s Odysseus vehicle, carrying research and commercial devices, descended from lunar orbit to land shortly after 6:20 p.m. ET in the moon’s south pole region, according to a National Aeronautics and Space Administration livestream.


Image: Intuitive Machines