Intuitive Machines Inc. LUNR
▼ NegativeCapitalrelevance
Announced $500M share sale causing 46% stock drop and 7.8% dilution.

Intuitive Machines announced a $500 million share sale on June 3, shortly after its stock hit an all-time high near $46, triggering a 46% drop in June. The sale could have been completed with only 12.5 million new shares, diluting shareholders by 7.8%, and the proceeds would bridge the company's cash burn until it becomes free cash flow positive, expected in 2027 or early 2028. The rapid stock decline suggests the company may have flooded the market with shares and raised the needed cash before the SpaceX IPO further pressured space stocks. Investors will learn the outcome when Intuitive Machines reports second-quarter results on August 6.
Intuitive Machines Inc. Announced $500M share sale causing 46% stock drop and 7.8% dilution.
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