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Intuitive Machines (LUNR) stock is tumbling 18% after the company reported that its spacecraft, Athena, had landed on the moon, but added that it had shut down some components.
Meanwhile, the CEO of another company involved in the project speculated about what would happen if LUNR's lander had tipped over.
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LUNR's Updates
The company's cofounder, Kam Ghaffarian, stated that the vessel had landed successfully. CEO Steve Altemus reported that the lander had remained intact and was providing data. However, he also noted that it did not have sufficient power. Consequently, Athena had turned off a number of its systems in order to save power.
Altemus also stated that the lander had had to avoid large boulders.
Speculation About a Potential Tip Over
LUNR's spacecraft turned on its side last year. If Athena has suffered a similar fate today, the CEO of Lunar Outpost, whose four-wheeled rover is on board Athena and is supposed to carry out a number of missions, indicated that the rover could still potentially be released onto the moon's surface.
The Recent Price Action of LUNR
In the last month, the shares have tumbled 40%, while they are down 36% so far in 2025.
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Disclosure: None. This article is originally published at Insider Monkey.