Happy Friday from snowy Sedona! The commercial space race is well underway. Let’s dive in…

Intuitive Machines’ Latest Moon Landing

Monday, Firefly Aerospace successfully landed Blue Ghost on the Moon.

Today, Intuitive Machines’ Athena arrived at the lunar surface, but failed to land upright. Solar panels misaligned, batteries drained – the mission was cut short.

This landing marks Intuitive Machines’ second-consecutive lunar faceplant, but all was not lost – progress was made. The company shared,

Athena landed 250 meters from its intended landing site in the Mons Mouton region of the lunar south pole, inside of a crater. This was the southernmost lunar landing and surface operations ever achieved.

With the direction of the sun, the orientation of the solar panels, and extreme cold temperatures in the crater, Intuitive Machines does not expect Athena to recharge. The mission has concluded and teams are continuing to assess the data collected throughout the mission.

$LUNR downlinked the following image confirming it was on its side.

Did The Market Overreact?

Intuitive Machines’ stock got rocked on news of the unplanned faceplant. $LUNR fell approx. -25% marking one of its worst days of all-time.

If this move was an overreaction, traders and investors may step in and buy the bargain.

Here’s the daily chart.

And weekly chart.

I’d like to see $LUNR trade above Friday’s low over the coming days.

If this level holds – $7.05 – I’d suspect we experience a turbulent retest at $13.

If we’re above $13… the path of least resistance may lead higher.

The question is — did the market overreact?

Place your bets…

If you enjoy this post, please share it with a friend.

Godspeed – Rosebee