Intuitive Machines Shares Slide 20% After Moon Lander Mishap - News Summed Up

Intuitive Machines Shares Slide 20% After Moon Lander Mishap


By Ben GlickmanShares of Intuitive Machines fell late in Friday after the company's chief executive said its moon lander had come down on its side. The stock was down 20% to $7.68 in after-hours trading, following a 16% rise at Friday's close. The company's shares rocketed higher in late trading on Thursday after the company confirmed its craft had landed on the moon. Altemus showed a model of the lander, called Odysseus, tipped over on its side to demonstrate what is believed to be the positioning of the craft. Write to Ben Glickman at ben.glickman@wsj.com(END) Dow Jones NewswiresFebruary 23, 2024 18:00 ET (23:00 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.


Source: Wall Street Journal February 24, 2024 11:06 UTC



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