Intuitive Machines (LUNR) saw its stock price rise by 1.80% to close at $21.52 on January 28th, following the announcement of a significant milestone in its lunar exploration efforts. The company successfully delivered its IM-2 mission lunar lander, Athena, to Cape Canaveral, Florida, in preparation for a launch window opening no earlier than February 26, 2025. This development, in collaboration with SpaceX, marks a crucial step in Intuitive Machines' strategy to provide consistent lunar delivery services. The news was well-received by investors, as it highlights the company's operational efficiency and commitment to advancing lunar exploration.
On social media, particularly Reddit, users expressed excitement about the potential implications of this achievement. One user noted, "Athena is in Cape Canaveral as we speak," while another emphasized the strategic partnership with SpaceX, stating, "This commitment to flying missions reinforces our broader efforts of developing a heavy cargo lander." Speculation about a possible partnership with the Korean pharmaceutical company Boryung also fueled optimism, with a user commenting, "I think it's likely that they'll announce something with Boryung in the earnings call next month, and I think the market will react favourably."
Despite the positive news, some Reddit users expressed frustration over the stock's muted response, with comments like, "Classic, sell the news. more buying opportunity for me <3" and "Apparently this is the worst news that could drop, down 5% and falling." Nonetheless, the overall sentiment remained bullish, with many investors hopeful for further gains as the launch date approaches.