Monday, November 25, 2024
HomeFinanceIntuitive Machines lander Odysseus reaches moon on historic NASA mission

Intuitive Machines lander Odysseus reaches moon on historic NASA mission


The livestream above is slated to begin at 5 p.m. ET. Please refresh the page if you don’t see a player at that time.

A U.S. company has gone to the moon – and into the history books.

Intuitive Machines IM-1 mission reached the moon’s surface on Thursday evening, in the first American lunar landing since the Apollo era.

The company’s Nova-C cargo lander, named “Odysseus” after the mythological Greek hero, is the first U.S. spacecraft to land on the lunar surface since 1972. Adding to the feat, Intuitive Machines is the first company to pull off a moon landing — government agencies have carried out all previously successful missions.

“We are on the surface … welcome to the moon,” Intuitive Machines’ mission control said.

There was delay between the landing and when engineers were able to assess its success.

A few minutes after the expected landing time, Intuitive Machines’ mission control was still trying to reconnect communications with the lander to confirm whether it landed. The company’s mission control ultimately picked up a signal and announced its lander was on the surface.

The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024.

Intuitive Machines

The company’s stock surged in extended trading Thursday, after falling 11% in regular trading to close at $8.28 a share.

Intuitive Machines, a Houston, Texas-based company founded in 2013, went public a year ago. After shares hit an all-time low in early January, the stock has surged and more than tripled – a rally that Wall Street analysts describe as fueled by investor excitement around the IM-1 mission’s progress.

Odysseus’ journey

The lander began a series of maneuvers about one hour before touching down, starting with “Descent Orbit Insertion.

An illustration of the IM-1 mission, with milestones from launch to landing.

Intuitive Machines

Intuitive Machines and NASA leaders showcase a mockup of the company’s Nova-C lunar lander during a presentation on May 31, 2019.

Aubrey Gemignani / NASA

The hexagonal lander is 4.3 meters (or about 14 feet) tall, and its legs spread 4.6 meters (or about 15 feet) wide, making the spacecraft about the size of an SUV stood on its end.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

NASA leadership emphasized before the launch that “IM-1 is an Intuitive Machines’ mission, it’s not a NASA mission.” IM-1 marks the second mission under NASA’s Commercial Lunar Payload Services (CLPS) initiative, which aims to deliver science projects and cargo to the moon with increasing regularity in support of the agency’s Artemis crew program.

Intuitive Machines’ Nova-C lunar lander on display at NASA’s Marshall Space Flight Center.

NASA

Lunar geopolitics

IM-1 is also the latest move in a broader geopolitical race to the moon. While Intuitive Machines represents the latest American effort, other nations – both U.S. rivals and allies – are pouring money into lunar programs.

Last month, Japan became the fifth country to land on the moon, following Russia, the U.S., China and India.

Governments and private companies alike have made more than 50 attempts to land on the moon with mixed success since the first attempts in the early 1960s, and the track record has remained shaky even in this century. But that’s not deterring the modern moon race that’s now well underway.

NASA expects U.S. companies to launch additional missions this year, while China plans to launch its next lunar lander in May. 



This story originally appeared on CNBC

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments