It s a miserable retail investor! The moon lander rolled over and the stock price of the American

Mondo Finance Updated on 2024-02-27

Finance Associated Press, February 27 (edited by Niu Zhanlin).Eastern time on Monday, the stock price of Intuitive Machines, a U.S. space exploration company, was more than 30% intraday** after the company announced that its Odysseus lunar lander had "fallen" and was now lying on its side.

The Intuition Machine, the first private company to land on the moon and the first U.S. spacecraft to land on the moon in more than 50 years, while other companies have failed in past attempts, propelled its shares to soar more than 40 percent at one point on Friday.

The company said that while Odysseus landed successfully, it "fell" on one of its feet during landing and is currently lying on its side at rest, leaning against a rock.

Five of the six NASA scientific and technical payloads carried by the lunar spacecraft are still facing upwards to communicate, and five payloads are expected to be able to accomplish their scientific objectives.

By Monday, the Intuition Machine announced that it had established communication with Odysseus and sent back the first images from the lunar surface.

The National Aeronautics and Space Administration (NASA)** stressed that the mission was a success despite the lunar lander's rollover, calling the successful landing "a huge achievement."

According to LSEG data, the company's total trading value reached 10$100 million, which is more than the total market capitalization of the company on that day - 9$600 million.

On retail trader forum StockTwits, the Intuition Machine is one of the hottest**. After announcing a successful moon landing last week, there was a large influx of ** into the stock, with a drop of more than 33% on Monday, costing them a lot.

It is reported that this company** went public about a year ago and is vulnerable to high volatility as only 18% of ** is available for trading.

According to analytics firm S3 Partners, short positions in the intuition machine account for 13 percent of the free float7%, and the demand for shorting the stock has been growing steadily since 2024.

Austin Moeller, analyst at Canaccord Genuity, said: "The *mass** has led to significant stock price volatility and increased short-selling power, which may help people learn more about the reliability of the company's lunar lander." ”

Still, the landing could facilitate other space-focused companies such as Rocket Lab, Astra Space and Jeff Bezos' Blue Origin seeking investment and stable contracts.

Finance Associated Press Niu Zhanlin).

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