From CNBC:

Intuitive Machines made history with its successful first moon landing of the Nova-C lunar lander named “Odysseus.” Shares of the company surged 16%, reaching a market valuation of about $1 billion. The spacecraft is upright on the lunar surface, sending data back to Earth. Intuitive Machines plans more CLPS lander missions and has a $719 million contract with NASA. They are expected to bring in about $338 million in revenue for fiscal year 2024. Wall Street analysts raised the stock’s price target to $13 a share from $4 a share, citing the successful landing as validation of the company’s technology and credibility in the commercial space economy. The unprecedented event led to volatile momentum trading. The company’s stock rallied in anticipation and during the mission, marking a turnaround from all-time lows in January. Intuitive Machines confirmed that the “Odysseus” lander is functioning well, charging its solar panels, and downloading science data. They plan to hold a press conference with NASA to discuss the mission further.



Read more: Intuitive Machines stock (LUNR) jumps after Odysseus moon landing