financetom
Business
financetom
/
Business
/
Intuitive Machines Athena lander on the moon, but health unclear
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Intuitive Machines Athena lander on the moon, but health unclear
Mar 6, 2025 10:32 AM

*

Athena lander aims for lunar south pole landing

*

Previous attempt by Intuitive Machines ( LUNR ) failed

*

NASA supports private lunar spacecraft development

(Adds context on company, share price, latest company comment

paragraphs 2-7)

By Joey Roulette

WASHINGTON, March 6 (Reuters) - Intuitive Machines ( LUNR )

said on Thursday that its robotic Athena lander has

landed on the moon's surface but details of the spacecraft's

status and health remained unclear, a tense moment in the

company's second such attempt.

The six-legged Athena, carrying 11 payloads and scientific

instruments, targeted its landing site some 100 miles (160 km)

from the lunar south pole for a touchdown timed for 12:32 p.m.

ET (1732 GMT).

But by that time, the lander's engine was still running,

telemetry showed, as it appeared to hover over the moon. Minutes

later, after commanding the lander's engine to shut down, the

company confirmed Athena "is on the surface of the moon," but

its exact orientation was unclear.

Intuitive Machines ( LUNR ) ended its mission live stream and said a

press conference is scheduled for 4pm ET.

Intuitive Machines' ( LUNR ) shares fell more than 20% in

afternoon trading. The stock has more than doubled in the past

year.

The space startup is one of many companies primed by

NASA to return the United States to the moon. The focus on

private companies is seen as lower cost but higher risk.

After launching atop a SpaceX rocket on February 26 from

Florida, Athena has flown a winding path to the moon some

238,000 miles (383,000 km) away from Earth.

The Houston-based company's first moon landing attempt

almost exactly a year ago, using its Odysseus lander, marked the

most successful touchdown attempt at the time by a private

company.

But its hard touchdown - due to a faulty laser altimeter

used to judge its distance from the ground - broke a lander leg

and caused the craft to topple over, dooming many of its onboard

experiments.

Five nations have made successful soft landings in the past

- the then-Soviet Union, the U.S., China, India and, last year,

Japan. The U.S. and China are both rushing to put their

astronauts on the moon later this decade, each courting allies

and giving their private sectors a key role in spacecraft

development.

India's first uncrewed moon landing, Chandrayaan-3 in 2023,

touched down near the lunar south pole. The region is eyed by

major space powers for its potential for resource extraction

once humans return to the surface - subsurface water ice could

theoretically be converted into rocket fuel.

Austin-based Firefly Aerospace this month celebrated a clean

touchdown of its Blue Ghost lander, marking the most successful

soft landing by a private company to date.

Intuitive Machines ( LUNR ), Firefly, Astrobotic Technology and a

handful of other companies are building lunar spacecraft under

NASA's Commercial Lunar Payload Services program, an effort to

seed development of low-budget spacecraft that can scour the

moon's surface before the U.S. sends astronauts there around

2027.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bombardier Says Global 8000 Jet Program Progressing to Plan
Bombardier Says Global 8000 Jet Program Progressing to Plan
Apr 8, 2025
11:19 AM EDT, 04/08/2025 (MT Newswires) -- Bombardier (BBD-B.TO) on Tuesday said its Global 8000 business jet program is progressing to plan, with its first Global 8000 production aircraft continuing in the assembly phase in the Greater Toronto Area toward a planned entry-into-service in 2025. The company said the jet will be the fastest civil aircraft since the Concorde, with...
Codelco aims for upper end of copper production range, plans to return to bond market, CEO says
Codelco aims for upper end of copper production range, plans to return to bond market, CEO says
Apr 8, 2025
SANTIAGO, April 8 (Reuters) - The CEO of Chile's Codelco, Ruben Alvarado, said on Tuesday that the company aims to bring its copper production to the upper end of its estimated range this year, now expecting to reach 1.39 million metric tons. Speaking to Reuters at the CRU World Copper Summit in Santiago, Alvarado said that the state-owned company, the...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
US Tariffs on China to Create
US Tariffs on China to Create "Category 5 Price Storm" for US Tech Consumers, Wedbush Says
Apr 8, 2025
11:22 AM EDT, 04/08/2025 (MT Newswires) -- US President Donald Trump's tariffs on China will create a category 5 price storm for tech consumers in the US and drive global market share gains for Chinese tech companies over the coming years, Wedbush Securities said in a Tuesday note. 50% China tariffs, 32% Taiwan tariffs would essentially cause a shut-off valve...
Copyright 2023-2026 - www.financetom.com All Rights Reserved