Here's Why Intuitive Machines Stock Is a buy Before May 14
When investing in this space stock, volatility could be your friend -- so long as the stock drops more before earnings, not after.
Call it "strike two" for Intuitive Machines (NASDAQ: LUNR).
I was probably as excited as any other space investor when, early last year, Intuitive Machines landed a U.S. spacecraft on the Moon for the first time in more than 50 years. Like many other space investors, I shrugged off the fact that the company's Nova-C class lunar lander didn't exactly "stick the landing," instead toppling over and ending up on its side. It was their first attempt, after all, and they did at least get the spacecraft down in one piece, even if not entirely vertical.
That was then, though, and this is now. One year after its first attempt, Intuitive landed a second Nova-C on the Moon in March. And just like the first lander, this one too ended up on its side, suggesting there may be a flaw in the lunar lander's design, in its software -- or both. Investors are understandably disappointed in the company's technical performance, and Intuitive stock is down nearly 40% over the last couple of months as a result.
