Space exploration company Intuitive Machines Inc. LUNR and popular meme cryptocurrency Dogecoin DOGE/USD may not appear to have much in common, yet both assets have shown comparable price activity over the past year.
What happened: Houston-based Intuitive Machines has garnered both positive and negative press concerning its moon landing attempts. The company’s stock has shrunk by over 60% in the last one month.
While it made history last year as the first private company to touchdown on the moon, its lunar expedition in 2025 proved to be a failure.
The LUNR stock zoomed to a two-year high in January on optimism surrounding the second-moon landing attempt but the growth curve bent dramatically after the mission faced difficulties, triggering a nearly six-month low of $6.48.
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Similarly, the widely popular Dogecoin spiked to a 42-month high of $0.46 in November on excitement surrounding Donald Trump's presidential victory and establishment of the Elon Musk-led Department of Government Efficiency.
However, the gains were eroded after Trump's tariff policies triggered trade war fears, sending risk-on markets into a tailspin. Since the November high, the meme coin has plunged 63%.
It's worth recalling that Intuitive Machines has its own lunar legacy tied to the DOGE-1 mission—a SpaceX satellite project fully funded in DOGE meme coin, originally slated for launch in 2022 but delayed multiple times.
The satellite was supposed to go as a rideshare on Intuitive Machines’ successful lunar expedition, the Nova-C/IM-1. The company even evoked "Dogecoin to the moon," a slogan widely used by the coin's advocates, that signifies a rapid rise in its value, potentially to $1.
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
As of this writing, observers from both the space exploration and cryptocurrency world await positive updates around DOGE-1. However, when it eventually takes off, the buzz could spotlight lunar-focused stocks like LUNR, especially if Musk amplifies the event with his signature “Dogecoin to the Moon” cheerleading.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1684, down 0.18% in the last 24 hours, according to data from Benzinga Pro.
Shares of LUNR rose 1.14% in after-hours trading, after closing 11.4% lower at $7.010 during Tuesday’s regular session.
The LUNR stock exhibited high momentum as of this writing, but these 10 equities topped the list, according to Benzinga's proprietary Edge Rankings score.
Image by Paopano on Shutterstock
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