Intuitive Machines (LUNR) stock ended in the red on May 26 as NASA picked competitors Astrolab and Lunar Outpost for its Lunar Terrain Vehicle contracts under the Artemis program. However, it's worth noting that LUNR stock has successfully erased yesterday's losses today.
The broader context makes the selloff on Tuesday even more notable. Space stocks were broadly soaring on Tuesday in anticipation of SpaceX’s blockbuster initial public offering (IPO) on June 12.