IM-2 Launch On Track For Next Week: What's Going On With Intuitive Machines Stock Thursday?

Intuitive Machines Inc LUNR shares are trading lower. On Thursday, the company provided an update on its planned IM-2 mission.

What Happened: Intuitive Machines announced its IM-2 mission Nova-C class lunar lander “Athena” completed all integration milestones in preparation for launch later this month.

The company noted that the lunar lander is now safely encapsulated within SpaceX’s payload fairing and is targeted for a multi-day launch window that opens no earlier than Feb. 26.

“Humanity has never witnessed three lunar landers enroute to the Moon at the same time, and Athena is ready to rise to the occasion,” said Intuitive Machines CEO Steve Altemus.

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Intuitive Machines made history last year when its moon lander "Odysseus" landed on the moon's surface. The mission marked the first time the U.S. had been on the moon since 1972.

The Intuitive Machines IM-2 mission is the company’s second as part of NASA’s Commercial Lunar Payload Services initiative, which aims to lay the foundation for future human missions and a long-term human presence on the moon.

LUNR Price Action: Intuitive Machines shares are approximately flat year-to-date. The decline on Thursday is likely tied to weakness in the broader market.

Intuitive Machines shares were down 5.08% at $18.60 at the time of publication Thursday, according to Benzinga Pro.

Photo: courtesy of Intuitive Machines.