Intuitive Machines Announces $500 Million Stock Offering, Shares Drop
Shares of Intuitive Machines (NASDAQ: LUNR) dropped by 12.8% after the company announced plans to raise up to $500 million through a new stock offering. This is the second capital raise in less than six months and has led to investor dissatisfaction, though this sell-off was smaller compared to an earlier one due to improved share performance.
Topics: capital raise dilution Intuitive Machines stock crash