What happened to the Peregrine lander and what does it mean for moon missions?

The spacecraft, a collaboration between Nasa and Astrobotic, is unlikely to reach the lunar surface

The Peregrine lunar lander is a robotic spacecraft designed by the US-based lunar logistics company, Astrobotic. Loaded on to a rocket, and blasted into space, it is designed to deliver payloads to the surface of the moon, or the moon's orbit.