10 Firms Mirror Wall Street Decline

4. Intuitive Machines Inc. (NASDAQ:LUNR)

Intuitive Machines saw its share price drop by 8.69 percent or $1.89 to end Tuesday at $19.87 apiece.

Investors discounted news that the company, alongside Nokia, successfully integrated Nokia’s Lunar Surface Communication System into the IM-2 mission lander, named Athena, paving the way for the first cellular network on the moon.

After months of testing and validation with Nokia Bell Labs, Intuitive Machines engineers installed the LSCS network in a box to one of Athena’s upper carbon-composite panels. Multiple precautions were taken during the installation to help ensure that the network will safely make the 239,000-mile journey to the Moon, survive the stresses of take-off and landing, and operate optimally on the lunar surface.