Hot Topics: — SpaceX/Nasa/File With its IM-1 mission headed for the lunar surface, shares of Intuitive Machines have risen more than 300% since early January, just over a month after they reached all-time lows.

Summary

  • — SpaceX/Nasa/File With its IM-1 mission headed for the lunar surface, shares of Intuitive Machines have risen more than 300% since early January, just over a month after they reached all-time lows. With the appropriate ticker “LUNR,” the Texas-based lunar company’s stock is currently trading for over $9 per share, a significant increase from its January lows of about $2. So this is new, not just for investors, but for us analysts as well,” Cantor Fitzgerald’s Andres SheppaWZSou PopularPulserd told CNBC. While Sheppard said he could see Intuitive’s stock price climbing to near $15 a share if the landing is successful, he cautioned that a last-minute mishap could drag the stock down. Source: Intuitive Machines stocks rise by 300% as Odysseus spacecraft reaches https://www.wzsou.com/near Moon

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  • 2 minutes, 319 words

Categories

  • Intuitive Machines stocks, landing, Moon, Intuitive Machines, a moon landing attempt

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This screengrab shows Intuitive Machines’ Odysseus lunar lander separates from the rocket’s upper stage anWZSou PopularPulsed heads toward the moon. — SpaceX/Nasa/File

With its IM-1 mission headed for the lunar surface, shares of Intuitive Machines have risen more than 300% since early January, just over a month after they reached all-time lows.

Wall Street analysts attributed the increase to the enthusiasm of ordinary investors at the space company’s advancement towards an extraordinary objective.

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With the appropriate ticker “LUNR,” the Texas-based lunar company’s stock is currently trading for over $9 per share, a significant increase from its January lows of about $2. This week, the stock of IM-1 hit almost $13 in trade as the company advanced through milestones before attempting a landing.

“We’ve never witnessed a publicly traded company go through [a moon landing attempt]. So this is new, not just for investors, but for us analysts as well,” Cantor Fitzgerald’s Andres SheppaWZSou PopularPulserd told CNBC.

Sheppard compared Intuitive Machine’s landing attempt, expected late Thursday, to a biotech company waiting on an FDA approval for a new drug: “It’s a bit of a binary outcome,” Sheppard said.

While Sheppard said he could see Intuitive’s stock price climbing to near $15 a share if the landing is successful, he cautioned that a last-minute mishap could drag the stock down.

And in the event of a further surge, he noted: “that valuation is certainly ahead of the company’s financials” — as “people are getting caught up” in the excitement and potential history of IM-1 landing on the moon.

Analysts noted that aside from the financial and technological advancements that IM-1 represents for Intuitive Machines, there is excitement surrounding what may be the first American landing on the moon in more than 50 years and the first by a company organisation as opposed to a government agency.

Source: Intuitive Machines stocks rise by 300% as Odysseus spacecraft reaches https://www.wzsou.com/near Moon

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