These 10 Firms Were Last Week’s Biggest Losers

8. Intuitive Machines Inc. (NASDAQ:LUNR)

Shares of Intuitive Machines (LUNR) saw its share prices drop by 7.65 percent last week to $17.87 from the $19.35 posted a week prior as investors repositioned their portfolios ahead of the company’s scheduled payload launch.

Intuitive Machines (LUNR), a company engaged in space exploration, is slated to launch its next payload next month, and analysts said investors may have turned cautious about the potential launching, particularly any financial implications if the space exploration activity does not go as planned.

In other news, Intuitive Machines (LUNR) recently 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 (LUNR) 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.