Intuitive Machines (LUNR.US) saw a 34% pre-market drop after its lunar lander rolled over during landing.

Intuitive Machines (LUNR) shares plummeted 34% in pre-market trading on Friday, following a 20% drop the previous day (Thursday). Initial reports suggested that the Houston-based aerospace company's second lunar lander, Athena, had rolled over on landing. However, the company confirmed in its latest update on Friday that the lander was currently "operating" normally on the lunar surface.

CEO Steve Altemus described the landing as an "unusual landing," indicating that the mission's objectives would need to be achieved in a manner different from the original plan. Altemus said the team believed Athena was roughly in the vicinity of its intended landing site.

Before landing, the company's chief technology officer, Tim Krein, said the Athena's cameras captured "some really, really great photos" as it flew over the moon's poles.

Intuitive Machines' overall goal is to provide transportation and payload delivery services for the lunar surface. This includes deploying scientific instruments, satellites, and other cargo. The company is part of NASA's Commercial Lunar Payload Services (CLPS) program, which aims to encourage private companies to develop economically efficient robotic spacecraft for lunar exploration.

Intuitive Machines' 52-week price range is currently $3.15 to $24.94. The company's short position represents 19.0% of its total shares outstanding.