Intuitive Machines' Big Cash Grab Isn't as Scary as It Looks

Published June 21, 2026 · Category: Finance

Overview

Intuitive Machines (NASDAQ: LUNR) spooked the stock market earlier this month, and its timing couldn't have been worse. (At least, from one perspective. More on that in a moment.)

Shares of the space stock -- which, in 2024, became the first American company to land a spacecraft on the moon, and the first American anything to return to the moon in 50 years -- are down an astounding 46% in June.

Details

Yes, this is partly because the SpaceX (NASDAQ: SPCX) IPO sucked all the oxygen out of the room last Friday, and vacuumed up all the investor cash that used to be invested in other space stocks. Still, Intuitive got the sell-off started all on its own when it announced plans on June 3 to raise $500 million in cash by selling a bunch of new shares.

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Source

Originally published at www.fool.com.

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