Intuitive Machines Sinks on Concerns Lander Tipped on Moon
- Shares tumbled more than 25% in heavy trading Monday
- The stock has recently surged on excitement over moon landing
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Intuitive Machines Inc. shares sank Monday, after the spacecraft company said its lander, which successfully touched down on the moon last week, likely landed on its side.
The stock dropped 35%, its biggest drop in about a year, and roughly 44 million shares exchanged hands — well above its daily average over the past three months, and a sign of heavy investor interest. The drop represents a pronounced reversal from recent excitement over the Houston-based company’s mission; shares remain up nearly 145% this year.