Space company Intuitive Machines (NASDAQ:LUNR) gained in trading even after Elon Musk‘s SpaceX delayed the IM-1 moon lander mission to February 15. This was due to a temperature issue with the liquid methane fuel.
LUNR’s IM-1 mission is its first attempted lunar landing as part of NASA’s Commercial Lunar Payload Services (CLPS) initiative. This initiative is a key part of NASA’s lunar exploration efforts.
SpaceX is now targeting the launch of Falcon 9’s IM-1 mission from Florida on February 15 at 1:05AM. With this mission, LUNR is targeting to place a NOVA-C lander, called Odysseus, at crater Malapert A near the moon’s south pole.
SpaceX and Intuitive Machines have until February 16 to launch the lander and achieve the target of landing on the moon on February 22. If this date is missed, the next attempt may be pushed to March.
Source: X (formerly known as Twitter)
What Is the Future of LUNR Stock?
Only two analysts have covered LUNR stock over the past three months, and both rate the stock as a Buy. Over the past year, LUNR stock has dropped by more than 50%, and the average LUNR price target of $4.13 implies a downside potential of 16.9% at current levels.
