Space infra firm Intuitive Machines falls on $500 mln stock sale plans
03/06/2026 12:33
BUZZ-Space infra firm Intuitive Machines falls on $500 mln stock sale plans ** Moon-lander maker Intuitive Machines' LUNR.O shares down 5.4% at $37.42 in premarket trading on Weds as co looks to raise equity
** Houston, Texas-based space infrastructure and services firm files up to $500 mln ATM (at the market) offering with Barclays and Cantor Fitzgerald, among others, as sales agents
** LUNR intends to use net offering proceeds for general corp purposes
** Co has ~217 mln shares outstanding for ~$8.6 bln market cap
** At Tues close, shares had surged 113% QTD putting them up 143% YTD
** 8 analysts rate the stock "buy", 1 rates "hold" and 1 recommends "sell"; median PT $42.50, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))