- Shares of Intuitive Machines spiked on Thursday, as the space company began its first mission to the moon's surface.
- A SpaceX rocket launched Intuitive Machines' IM-1 mission successfully.
- The company went public via a SPAC merger last year and, despite nearly doubling so far this year, trades at about half the stock's debut price.
Shares of Intuitive Machines spiked in trading on Thursday, as the space company began its first mission to the moon's surface earlier in the morning.
WATCH ANYTIME FOR FREE
 |
Stream NBC10 Boston news for free, 24/7, wherever you are. |
A SpaceX rocket launched Intuitive's IM-1 mission successfully. The cargo lunar lander, loaded with research, is headed for the moon and Intuitive expects to make a landing attempt next week.
Intuitive's stock 34.5% in trading to close at $6.70 a share. The company went public via a SPAC merger last year and, despite nearly doubling so far this year, trades at about half the stock's debut price.
Get updates on what's happening in Boston to your inbox. Sign up for our News Headlines newsletter.
Before the launch, Intuitive Machines CEO Steve Altemus told CNBC that shareholders should be reassured that "we built resiliency into our business so that we're not a one-off kind of company that built a lunar lander and is going to throw it to the moon."
Sign up here to receive weekly editions of CNBC's Investing in Space newsletter.
"You could make money a whole lot of ways – but this isn't just about making money. It's about achieving something while running a business and innovating," he said.
