By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, IMF begin technical-level talks on tax revenue targets
    September 25, 2025
    Pakistan borrowing nearly doubled from last year: Report
    September 25, 2025
    China sanctions 6 US firms amid ongoing trade talks
    September 25, 2025
    As Hong Kong prepares for Super Typhoon Ragasa, businesses and schools close.
    September 23, 2025
    China penalises ByteDance and Alibaba platforms in content crackdown
    September 23, 2025
  • Politics
    PoliticsShow More
    Britain to introduce compulsory digital ID for workers
    September 26, 2025
    Judges in Islamabad have been removed by security; notices have been sent
    September 26, 2025
    Pakistan closes five Afghan refugee camps
    September 26, 2025
    Saudi defense deal not reaction to Israel’s Qatar attack: Asif
    September 26, 2025
    Aleem Khan urges NHA to prioritise new road projects over repairs
    September 26, 2025
  • Technology
    TechnologyShow More
    Transforming future of work: Resource Cloud launches at ITCN Asia 2025
    September 26, 2025
    Meet the history-making astronauts headed for the Moon
    September 24, 2025
    Pakistan to roll out 5G in coming months, says IT minister
    September 23, 2025
    To find Russian agents and obtain secrets, British spies use the dark web.
    September 19, 2025
    Huawei launches AI infrastructure as Nvidia faces China ban
    September 19, 2025
  • Sports
    SportsShow More
    Rauf and Suryakumar were each fined 30%.
    September 26, 2025
    Prince Harry’s bid to reconnect with royals criticized as ‘tone-deaf’ move
    September 26, 2025
    Pakistan cricket fans flex their meme game ahead of India clash
    September 26, 2025
    Haris Rauf, Sahibzada Farhan ‘deny’ political intent in on-field celebrations
    September 26, 2025
    ICC finds Indian captain guilty of breaching code of conduct during Pakistan match
    September 26, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Shares of Intuitive Machines surge 33% after the historic moon landing success.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Shares of Intuitive Machines surge 33% after the historic moon landing success.
Business

Shares of Intuitive Machines surge 33% after the historic moon landing success.

This was first controlled descent on moon by a US spacecraft since NASA's Apollo 17 mission in 1972

Last updated: 2024/02/26 at 11:24 AM
Published February 23, 2024
Share
2 Min Read
SHARE

Intuitive Machines’ shares skyrocketed 33% after the business became the first private entity to successfully land a spacecraft on the moon.

This unprecedented milestone puts the space exploration company on track to exceed a $1 billion market capitalization.

Following the lunar landing, the company’s lunar lander, dubbed “Odysseus,” touched down in the Malapert A crater, marking the first controlled fall to the lunar surface by a US spacecraft since NASA’s Apollo 17 mission in 1972. The achievement has received significant notice and acclaim, perhaps increasing the legitimacy of the entire space industry.

The stock had substantial trading activity, with more than 56 million shares changing hands within two hours after opening.

bell. Analysts predict that other space companies, including Rocket Lab, Astra Space, Satellogic, and RedWire, will enjoy profits ranging from 2.1% to 4.8%.

In a post on X, Elon Musk congratulated Intuitive Machines on their successful lunar landing. The company’s leaders and NASA officials will conduct a press conference to describe the landing and identify future science objectives.

The breakthrough establishes Intuitive Machines as a major player in space technology, perhaps drawing investors and government contracts. Analysts, including Canaccord Genuity’s Austin Moeller, are optimistic about the company’s future, raising the price objective to $14.

Intuitive Machines, co-founded in 2013, spent around $100 million developing the Odysseus lander, supported by $118 million in NASA grants under the Commercial Lunar Payload program.

The successful lunar landing not only indicates technological prowess, but it also paves the way for future lunar exploration missions, perhaps revitalizing the space sector during a time of funding constraints.

The firm is now eagerly awaiting the release of the first photographs from the lunar surface, and industry experts hail the accomplishment as a crucial milestone in space exploration.

You Might Also Like

Pakistan, IMF begin technical-level talks on tax revenue targets

Pakistan borrowing nearly doubled from last year: Report

China sanctions 6 US firms amid ongoing trade talks

As Hong Kong prepares for Super Typhoon Ragasa, businesses and schools close.

China penalises ByteDance and Alibaba platforms in content crackdown

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
February 26, 2024 February 23, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Amazing advantages of rosemary that you may not be aware of
Next Article In a never-before-seen interview, Alexei Navalny discusses “corrupt officials” who live in London and assist Putin.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Britain to introduce compulsory digital ID for workers
Politics September 26, 2025
India retires MiG-21 ‘Flying Coffins’ after 63 years
News September 26, 2025
Judges in Islamabad have been removed by security; notices have been sent
Pakistan Politics September 26, 2025
Gold rate in Pakistan today: Sept 26, 2025
Ecnomics Pakistan September 26, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?