Lunar lander woes send Intuitive Machines sliding
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 7 March 2025
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Friday, March 7th. I'm Julie Morgan. Another moon mission, another landing issue, intuitive machines is feeling the pressure. |
| 0:18.0 | A judge agrees to fast track a lawsuit challenging Paramount's $8 billion |
| 0:22.7 | skydance deal, and HPE disappoints. Intuitive machines lost ground amid very volatile trading. The company |
| 0:32.3 | believes the second lunar lander Athena may not be upright, repeating a similar issue from last year when |
| 0:39.2 | the first probe landed lopsided on the moon. Intuitive machines Athena probe targeted a lunar |
| 0:45.1 | landing at around 1230 p.m. Eastern time on Thursday, carrying NASA technology demonstrations |
| 0:51.3 | in science investigations. The aircraft does have a signal, and the |
| 0:55.9 | company CEO said they believe the lander is in the vicinity of the intended landing site. |
| 1:02.0 | This setback has dampened optimism about intuitive machine space exploration capabilities, |
| 1:08.3 | fueling uncertainty about its valuation and future prospects. |
| 1:12.5 | Shares close 20% lower on Thursday and continues to slide in pre-market trading with a loss of |
| 1:19.1 | 34%. A U.S. judge in Delaware is willing to consider allegations brought against Paramount |
| 1:26.1 | Global in a lawsuit. The lawsuit says the $8 billion |
| 1:29.2 | sale to David Ellison's Skydance media should be blocked from closing because it shortchanges public shareholders. |
| 1:36.7 | Raiders reported on Thursday citing a court filing that an investor group called Project Rise Partners submitted a proposal in January |
| 1:45.3 | valued at $13.5 billion to buy Paramount, but that was rejected by a Paramount Special Committee. |
| 1:52.4 | In response, pension funds for New York City employees that own Paramount stock |
| 1:57.3 | filed a lawsuit alleging the company's special committee breached its fiduciary duties |
| 2:02.6 | to the company's public shareholders by not considering their bid. On Thursday, Chancellor Kathleen |
| 2:09.1 | McCormick agreed to expedite the pension fund's lawsuit, but declined to issue a temporary |
| 2:14.3 | restraining order to block the deal because it did not appear the deal was about |
... |
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