Intuitive Machines (LUNR) stock pops as first moon mission begins

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Intuitive Machines (LUNR) stock pops as first moon mission begins

A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on Februar

A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida.

Paul Hennessy | Anadolu | Getty Images

Shares of Intuitive Machines spiked in early trading on Thursday, as the space company began its first mission to the moon’s surface earlier in the morning.

A SpaceX rocket launched Intuitive’s IM-1 mission successfully. The cargo lunar lander, loaded with research, is headed for the moon and Intuitive expects to make a landing attempt next week.

Intuitive’s stock rose 18% in trading from its previous close at $4.98 a share. The company went public via a SPAC merger last year and, despite nearly doubling so far this year, trades at about half the stock’s debut price.

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Here's why the U.S., China, India, Japan and others are rushing back to the moon

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