I would recommend a regular expression for this since it handles cases that you might not have considered.
var input = "o1 1232.5467 1232.5467 1232.5467 1232.5467 1232.5467 1232.5467";
var regex = new Regex(@"^(.*? .*?) ");
var match = regex.Match(input);
if (match.Success)
{
Console.WriteLine(string.Format("'{0}'", match.Groups[1].Value));
}