Why Intuitive Machines Stock Crashed Today
Moon explorer Intuitive Machines (NASDAQ: LUNR) stock tumbled 16% through 9:45 a.m. ET Wednesday after revealing how it plans to develop its business after paying $800 million to buy Advent's Lanteris satellite-building business.
Intuitive will sell $175 million in stock and use the proceeds to bolster its bank account.
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Source Fool.com
