Intuitive Machines’ stock price (LUNR) is down 16.33% in the pre-market session, after company has priced its public offering of 9.52 million shares at $10.50.
With LUNR closing yesterday’s regular session at $14.15, the offering is significantly below price-action, and has brought the space exploration and infrastructure company back down to Earth after gains of almost 500% so far this year.
The company’s market capitalization currently stands at $1.99 billion, with the 50-day moving average of the stock priced at $9.62.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
This combined approach is anticipated to generate net proceeds of approximately $104.25 million. The funds will support the company’s ongoing developments and strategies to enhance operational capabilities in space exploration.
The public offering is managed by several underwriters, including BofA Securities, Cantor Fitzgerald, Barclays, Stifel, and Roth Capital Partners. This strategic move aims to facilitate the acquisition of an equivalent number of newly-issued common units from Intuitive Machines OpCo, reflecting the company’s efforts to strengthen its financial base.
Intuitive Machines’ decision to offer shares publicly, alongside a private placement, is a tactical approach to reinforcing its capital structure.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
