Intuitive Machines (NASDAQ: LUNR) stock hit $46.75 in late May. It trades near $18.70 today. That is a 60% collapse in roughly four weeks, and investors deserve a clear explanation of what actually happened -- because the business didn't fall 60%.
The first factor was SpaceX. When Space Exploration Technologies(NASDAQ: SPCX)went public at a $1.75 trillion valuation, institutional money rotated directly into it. Smaller, publicly traded space names absorbed the exit pressure. Intuitive Machines was the most liquid of those names, so it absorbed the most selling.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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