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Intuitive Machines’ stock fell more than 30% after hours Friday after the space-exploration company said that its Odysseus moon lander had fallen on its side while landing near the moon’s south pole, hampering its communications with Earth.
Intuitive Machines
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Chief Executive Steve Altemus said Friday that Odysseus “caught a foot in the surface [of the moon] and tipped” on its side while touching down on Thursday, according to the Associated Press.
While the six-foot lander still has “quite a bit of operational capability,” Altemus said some of its antennas were pointed toward the moon’s surface, limiting its ability to communicate with flight controllers and transmit data.
The news sent Houston-based Intuitive Machines’ shares down 31.7% after hours, after they had gained 15.8% in regular trading Friday on the back of Odysseus’ landing. The company had initially said that the spacecraft was upright Thursday when it became the first commercial lander to successfully reach the moon, though the extent of that success could now be in doubt given the mission’s complications.
Odysseus — also the first American spacecraft to reach the moon since the Apollo 17 mission in 1972 —is carrying science and technology instruments on behalf of NASA. The space agency is sponsoring and supporting the mission as it seeks to return astronauts to the moon as soon as 2026 via its Artemis program.
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