Latest news with #IM-4
Yahoo
13-04-2025
- Business
- Yahoo
Why Intuitive Machines Stock Is Soaring This Week
Shares of Intuitive Machines (NASDAQ: LUNR) are trading higher this week. The company's stock had gained 9.6% as of 1:14 p.m. ET on Friday. The jump comes as the S&P 500 and Nasdaq Composite both had one of their most chaotic weeks in years. The lunar exploration company announced a deal this week with SpaceX to launch its fourth lunar mission. Investors were pleased to hear the company chose SpaceX's Falcon 9 rocket as the launch system that will carry its fourth lunar delivery mission (IM-4). The rocket will be launched from Florida and carry data relay satellites crucial to NASA's Near Space Network Services contract. "Lunar surface delivery and data relay satellites are central to our strategy to commercialize the Moon," said Intuitive Machines CEO Steve Altemus in the announcement. The shift to a payload of communication infrastructure shows that the company is evolving beyond one-off lunar landings toward establishing permanent lunar services. The network will operate on a "pay by the minute" model, creating a recurring revenue stream. Two additional missions will complete the satellite network that will support both NASA's lunar ambitions and commercial operations. Intuitive's most recent lunar mission wasn't a success. The company's lander touched down off course and tipped over, draining its batteries prematurely. Despite these setbacks, NASA has maintained confidence in the company, and the announcement today shows Intuitive knows the smart move is to diversify its mission capabilities. Intuitive Machines still carries a great deal of risk given the uncertainties surrounding its execution and the viability of its business model, but the company continues to demonstrate significant potential. It's an intriguing option for investors with higher risk tolerance. Before you buy stock in Intuitive Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuitive Machines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $496,779!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $659,306!* Now, it's worth noting Stock Advisor's total average return is 787% — a market-crushing outperformance compared to 152% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Intuitive Machines Stock Is Soaring This Week was originally published by The Motley Fool
Yahoo
10-04-2025
- Business
- Yahoo
SpaceX to launch new Intuitive Machines moon lander, lunar satellites in 2027
When you buy through links on our articles, Future and its syndication partners may earn a commission. Intuitive Machines may have crashed its latest moon lander on the lunar surface, but that's not keeping the company down for long. The Houston-based company has picked SpaceX to launch IM-4, its fourth moon lander, on a Falcon 9 rocket in 2027 alongside two relay satellites for a NASA lunar communications network. The news comes just weeks after the company's IM-2 moon lander crashed near the moon's south pole, and as the firm continues work on its third moon lander (yes, it's called IM-3), which is expected to launch in 2026. 'Lunar surface delivery and data relay satellites are central to our strategy to commercialize the Moon," Intuitive Machines CEO Steve Altemus said in a statement Tuesday (April 8). "We plan to deploy the first of five lunar data relay satellites on our third mission, which will introduce our pay-by-the-minute service. The two additional satellites on our fourth mission are intended to scale that service, followed by two additional deployments to complete the constellation and fully support NASA and commercial lunar operations." The relay satellites will support NASA's Near Space Network Services contract, Intuitive Machines wrote. Intuitive Machines' IM-4 moon lander will carry six NASA payloads under a contract with the agency's Commercial Lunar Payload Services program. A new drill experiment built by the European Space Agency to hunt for water near the moon's south pole, will be aboard. Intuitive Machines' first moon lander, called IM-1 Odysseus, tipped over after breaking a landing leg while attempting to land in 2024. The second lander, the IM-2 Athena, fell on its side during a lunar south pole landing attempt on March 6. The IM-3 moon lander is under construction now.
Yahoo
08-04-2025
- Business
- Yahoo
Why Intuitive Machines Stock Is Soaring Today
Shares of Intuitive Machines (NASDAQ: LUNR) are soaring on Tuesday. The company's stock gained 5.3% as of 12:20 p.m. ET and was up as much as 14.7% earlier in the day. The jump comes as the S&P 500 and Nasdaq Composite were up 2% and 1.6%, respectively. The space exploration company announced a deal was reached with SpaceX to launch its fourth lunar mission. Intuitive Machines revealed today that it selected SpaceX's Falcon 9 rocket to launch its fourth lunar delivery mission (IM-4). The rocket will launch from Florida and carry data relay satellites critical to NASA's Near Space Network Services (NSNS) contract. "Lunar surface delivery and data relay satellites are central to our strategy to commercialize the Moon," said Intuitive Machines CEO Steve Altemus in the announcement. The payload of communication infrastructure shows that the company is moving beyond one-off lunar landings toward establishing persistent lunar services. Two more missions will complete the satellite network that will support NASA's lunar ambitions as well as commercial operations. The network will be "pay-by-the-minute," representing a source of recurring revenue for the company. Intuitive's recent lunar mission touched down off course and was short lived after the company's lander tipped over and its batteries drained prematurely. NASA has still expressed confidence in the company, but today's announcement represents an important diversification opportunity and helped overshadow its recent failure. Intuitive remains an investment that carries a high level of risk -- there are just so many unknowns surrounding its ability to execute and the viability of its business model -- but the company has shown a lot of promise. It's an interesting pick for investors with a high risk tolerance. Before you buy stock in Intuitive Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuitive Machines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Intuitive Machines Stock Is Soaring Today was originally published by The Motley Fool Sign in to access your portfolio
