If You Invested $1000 Each In Intuitive Machines' LUNR Stock And Dogecoin Exactly Two Years Ago, This Asset Would Have Been The Winner

Benzinga
02-26

Space exploration company Intuitive Machines Inc. LUNR is gearing up for its second moon landing attempt on Wednesday, with the anticipation sending its stock higher in after-hours trading. 

What happened: The Houston-based firm, which made history last year by becoming the first private company to touchdown on the moon, prepares to land its Nova-C lunar lander near the lunar south pole.

Interestingly, the lunar lander, part of Intuitive Machines' historic expedition last year, has an old connection with Dogecoin DOGE/USD, the world's largest meme cryptocurrency.

DOGE-1 was a satellite mission by Elon Musk's space company, Space X, paid for entirely with the meme coin. 

The satellite was supposed to go as a rideshare on the Nova-C/IM-1 mission, with Intuitive Machines talking about "taking Dogecoin to the Moon" in a post dated May 11, 2021.

We knew @ElonMusk was taking #Dogecoin to the Moon, but had no idea it would be on our flight. – First Commercial Lander to the Moon https://t.co/UuqQ3pJl8U

— Intuitive Machines (@Int_Machines) May 10, 2021

See Also: Peter Schiff Questions Michael Saylor-Led Strategy’s Leverage Bitcoin Play Amid MSTR Decline: ‘Massive Dilution Has Destroyed Shareholder Value’

As things turned out, the satellite missed the planned rideshare with the IM-1 mission and was subsequently postponed. Regardless, the association produced significant hype for both the company and Dogecoin. 

Intuitive Machines went public in February 2023. So, if you had invested $1000 in both the company's stock and the meme coin exactly two years ago, Dogecoin would have netted you a return of 158%, while the LUNR stock would have trimmed your investment by 35.83%.

AssetsPrice (Recorded on Feb. 26, 2023)InvestmentPrice (Recorded on Feb. 26 at 2:30 a.m. ET)Value Of Investments TodayGains +/-
LUNR Stock$24.00$1000$15.40$641.66-35.83%
Dogecoin$0.08078$1000$0.2092$2589.74+158.975%

Price Action: Shares of LUNR surged 6.30% in after-hours trading, after closing 9.25% lower at $15.40 during Tuesday's regular session, according to data from Benzinga Pro. The stock has a consensus price target of $15.83 based on 6 analyst ratings. 

As of this writing, Dogecoin traded at $0.2101, up 2.84% in the last 24 hours. 

Read Next: 

  • Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But ‘Not Looking Too Closely’ At Michael Saylor-Led Strategy’s Maneuvers

Photo courtesy: Shutterstock

$DOGEDogecoin
$0.2094-0.86%
Overview
LUNRIntuitive Machines Inc
$16.9510.1%
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