Intuitive Machines follows through on IM-1 Mission Nova-C News

February 16, 2024

DENVER, Colo., Feb 16, 2024 (247marketnews.com)- Intuitive Machines, Inc. (NASDAQ:LUNR) closed yesterday’s trading at $6.70, up $1.72 (+34.54%), on trading volume of 22,997,072 shares, after announcing that its IM-1 mission Nova-C class lunar lander launched on SpaceX’s Falcon 9 rocket, successfully commissioning in space by establishing a stable attitude, solar charging, and radio communications contact with the Company’s mission operations center in Houston.

This morning, it’s trading at $7.88, up $1.18 (+17.61%), on 2.9M shares traded.

Its 52-week range is $2.0894 to $136.00.

“We are keenly aware of the immense challenges that lie ahead,” said Intuitive Machines CEO Steve Altemus. “However, it is precisely in facing these challenges head-on that we recognize the magnitude of the opportunity before us: to softly return the United States to the surface of the Moon for the first time in 52 years.”

The IM-1 mission launched from Launch Complex 39A at NASA’s Kennedy Space Center in Florida at 1:05 a.m. EST, Thursday, February 15, 2024. It reached its intended orbit approximately 48 minutes later and established first communication with the lander at 1:59 a.m. EST.

IM-1 mission updates on LUNR’s website and Twitter/X account.

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Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

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