Intuit Financial News

(Updated — February 26, 2024 11:04 AM EST)

A U.S. company says its moon lander is on its side near the lunar south pole

Landing a spacecraft on the moon has long been a series of hits and misses and now a U.S. company is the first private outfit to achieve a touchdown

lunar lander tipped over at touchdown and ended up on its side near the moon’s south pole, hampering communications, company officials said Friday. Intuitive Machines initially believed its six-footed lander, Odysseus, was upright after Thursday's touchdown. But CEO Steve Altemus said Friday the craft “caught a foot in the surface," falling onto its side and, quite possibly, leaning against a rock. He said it was coming in too fast and may have snapped a leg.

By Steve Gorman and Joey Roulette

By Akash Sriram and Harshita Mary Varghese

Intuitive Machines Inc (NASDAQ:LUNR) said Friday it has successfully landed its Odysseus cargo lander on the Moon, marking the first time a commercial company has accomplished such a feat. LUNR stock surged 50% on the news.

Houston-based company has landed America's first spaceship on the Moon in more than 50 years, part of a new fleet of NASA-funded, uncrewed commercial robots intended to pave the way for astronaut missions later this decade. But while flight controllers confirmed they had received a faint signal, it was not immediately clear whether Odysseus, the lander built by Intuitive Machines, was fully functional, with announcers on a live stream suggesting it may have come down off-kilter. The hexagon-shaped vessel touched down near the lunar south pole at 2323 GMT, having slowed from 4,000 miles (6,500 kilometers) per hour.

Investing.com-- Shares of aerospace firm Intuitive Machines Inc (NASDAQ:LUNR) rose sharply in after-hours trading on Thursday after the firm’s “Odysseus” lunar lander successfully touched down on the moon. 

rival company’s lander missed the moon last month. The newest lander, named Odysseus, reached the moon Wednesday, six days after rocketing from Kennedy Space Center in Florida. The lander maneuvered into a low lunar orbit in preparation for an early evening touchdown.

By Steve Gorman and Joey Roulette

A private lunar lander is circling the moon while aiming for a touchdown near the south pole

A Houston-based company is set Thursday to attempt to land America's first spaceship on the Moon in more than 50 years, as part of a new fleet of NASA-funded commercial landers intended to pave the way for astronauts to return to Earth's celestial neighbor later this decade. If all goes well, Intuitive Machines will guide its hexagon-shaped robot Odysseus to a gentle touchdown near the lunar south pole at 2230 GMT.

A private U.S. lunar lander is in orbit around the moon, a day before it will attempt to land on the surface

By Steve Gorman

‘Gen AI will not lead to hiring decline’ Earlier this month on February 15, Houston-based aerospace company, Intuitive Machines, successfully launched its moon lander, the Nova-C lander named Odysseus, from Florida. The mission marked the first US lunar touchdown in over half a century and the initial one by a privately owned spacecraft, Reuters reported.

Byju's Crisis: Union Minister Rajeev Chandrasekhar offered a blunt assessment of Byju's current crisis, attributing it to the company's rapid expansion without adequate corporate governance. "They tried to grow too fast, without the rigour: and discipline a growth company needs, especially when money was easy," he stated, while addressing the Mumbai Tech Week, according to a report by Hindustan Times. The minister emphasized that neglecting these principles, particularly during periods of easy access to capital, creates an unsustainable model.

moon lander built by Houston-based aerospace company Intuitive Machines was launched from Florida early on Thursday on a mission to conduct the first U.S. lunar touchdown in more than a half-century and the first by a privately owned spacecraft. The company's Nova-C lander, dubbed Odysseus, lifted off shortly after 1 a.m. EST (0600 GMT) atop a Falcon 9 rocket flown by Elon Musk' SpaceX from NASA's Kennedy Space Center in Cape Canaveral.

Wealth technology provider iCapital has just made alternatives diversification a little easier for advisors who use its platform.

Transak is tapping into Visa Direct, meaning that its users in over 145 countries can convert more than 40 different cryptocurrencies into fiat in under 30 minutes. Yanilsa Gonzalez-Ore, North America head, Visa Direct and global ecosystem readiness, says: “By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 130M merchant locations where Visa is accepted." Sami Start, CEO, Transak, says: “We believe this partnership is an inflection point for Web3 as a whole. Now, millions across the globe have a straightforward way to cashout their digital asset holdings to their local currency in real-time and intuitively. "They no longer have to walk the treacherous path of compliance uncertainty or face risks of fraud — Transak and Visa have them covered for over 40 cryptocurrencies.”

government is mulling to come with a framework to prevent exploitation of content creators by big platforms on internet, minister of state for electronics and IT Rajeev Chandrasekhar said on Friday. The minister said that big powerful commercial platforms online have started to distort fundamental characteristic of openness of the internet. «I think to maintain the openness, the symmetry between those who create the content and those who distribute the content, there is a need for some sort of conversation or discussion.