Intuitive Machines (LUNR) Stock Plummets After Second Failed Moon Landing

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Intuitive Machines (NASDAQ: LUNR), the Houston-based aerospace company, recently faced a significant challenge as its second moon lander, Athena, apparently landed on its side. This incident has raised concerns about the mission’s objectives and the company’s future prospects.

Despite this setback, the company has already secured a large portion of its $120 million contract, though future payments depend on the successful operation of payloads. While the sideways landing has the potential to impact the company’s credibility, industry analysts remain hopeful about its long-term position in the space exploration sector.

However, the apparent failed landing has significantly affected the stock’s price action. As of premarket trading, LUNR is down over 34% after facing a 20.2% drop yesterday at market close.

Sideways Landing Leads to Significant Decline in Intuitive Machines’ Stock Price

The sideways landing of Athena had a notable impact on Intuitive Machines’ stock, which saw a dramatic decrease of 34%. The stock opened at $13.65 and fell to a low of $10.25, before closing at $11.26 on March 7, 2025. This decline is part of a broader trend of volatility, with the stock’s 52-week range fluctuating between a low of $3.15 and a high of $24.95. As of premarket, the stock is currently at $7.39, down over 34%.

Despite the recent drop, analysts have issued a “Buy” recommendation, with a target price range of $15.00 to $22.00, indicating potential for recovery. The company’s financial metrics, including a market cap of over $1 billion and a total revenue of approximately $204 million, suggest a solid foundation, although challenges remain.

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SpaceX Mega-Rocket Explosion and Firefly Aerospace’s Successful Landing

In a separate development, SpaceX encountered difficulties with its Starship mega-rocket, which exploded shortly after launch. This marks the second consecutive setback for the company, as debris scattered over the Caribbean. While SpaceX navigates these challenges, Firefly Aerospace celebrated a successful milestone with the landing of its Blue Ghost lander.

Intuitive Machines is part of NASA’s broader initiative to involve private companies in lunar exploration. The Athena mission, which included 11 payloads aimed at studying lunar resources such as water ice, is a testament to this collaborative effort.

Despite the recent setback, the company’s involvement in NASA’s projects positions it well for future opportunities.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.