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Intuitive Machines Stock Slumps After Lunar Mission Setback

By Akash Sriram

(Reuters) -Shares of Intuitive Machines slumped 21% on Tuesday after the space exploration company’s lunar mission neared a premature end after a sideways touchdown hindered communications and solar charging capability of its moon lander Odysseus.

If the premarket losses hold, it would wipe out nearly all the gains Intuitive Machines from last week after the first U.S. touchdown on the lunar surface in more than half a century and the first ever by the private sector.

The stock fell 35% on Monday, its worst drop in about a year, after the company warned communications with Odysseus are expected to cease on Tuesday, just five days after it landed some 300 km from the moon’s south pole.

“The reaction to the stock …. that’s a bit of an overreaction by the market,” said Cantor Fitzgerald senior analyst Andres Sheppard, as Intuitive has collected more than 95% of their target revenue of $130 million from the mission.

Only about 18% of Intuitive Machines’ outstanding shares are available to trade, according to LSEG data, making the stock that went public last year prone to high levels of volatility.

Intuitive had on Friday said Odysseus, which is carrying payloads for its main customer NASA, would have enough power to operate for nine to 10 days under a “best-case scenario”.

It is not clear yet as to how much scientific data might be lost due to the shortened length of the mission.

Some analysts said they see no impact of the issues faced over the past few days on the company’s next two missions and payloads scheduled later this year.

Intuitive has plans to use a Nova C lander, the same class as Odysseus for further missions. Its next mission, the IM-2, is set for launch later this year and will carry research tools to drill ice from below the moon’s surface.

How AI legalese decoder Can Help with the Situation

The AI legalese decoder can assist in analyzing the legal implications of the setbacks faced by Intuitive Machines in its lunar mission. By using advanced artificial intelligence algorithms, the decoder can quickly parse through complex legal jargon in contracts, agreements, and regulatory documents related to the mission.

Furthermore, the AI legalese decoder can help in identifying any potential liabilities, obligations, or rights that Intuitive Machines may have in light of the communication and operational challenges encountered by its moon lander Odysseus. This can provide valuable insights for the company to navigate any legal issues that may arise from the situation.

Additionally, by leveraging the AI legalese decoder, Intuitive Machines can streamline its legal processes, improve risk management, and ensure compliance with relevant laws and regulations governing space exploration activities. This can ultimately help the company protect its interests and mitigate potential legal risks associated with its lunar missions.

In conclusion, the AI legalese decoder can be a valuable tool for Intuitive Machines to address the legal aspects of the setbacks in its lunar mission and ensure a smoother path forward for its future endeavors in space exploration.

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