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Barchart
Wajeeh Khan

Intuitive Machines (LUNR) Stock Is Sinking. The SpaceX IPO Is Only Partly to Blame.

Intuitive Machines (LUNR) tumbled on Wednesday after the company announced plans of selling up to $500 million in new shares through an at-the-market equity offering.

This marks the second significant capital raise in less than six months, following a $175 million private placement in February to fund the acquisition of satellite-builder Lanteris.

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