Moon launch sends Intuitive Machines shares skyrocketing

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Shares of space-exploration company Intuitive Machines Inc. ended the session up 34.5% after the successful launch of its Nova-C lunar lander atop a SpaceX Falcon 9 rocket early Thursday.

The stock snapped a two-day losing streak as Intuitive Machines’ LUNR IM-1 mission aims to make history by placing the first U.S. commercial lander on the moon. Intuitive Machines shares are also on pace for their largest daily percent increase since March 9, 2023, when they rose 57.8%, Dow Jones Market Data show.

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