Intuitive Machines Stock: Buy, Sell, or Hold?
Over the past three years, many space-oriented start-ups went public by merging with special purpose acquisition companies (SPACs). A lot of those stocks initially soared as low interest rates, stimulus checks, the growth of commission-free trading platforms, and social media buzz drove many investors toward more speculative plays.
Unfortunately, many of those space stocks crashed and burned after they broadly missed their pre-merger forecasts and racked up steep losses. Rising interest rates also popped their bubbly valuations and drove investors back toward more conservative investments. Yet a few resilient space stocks survived that wash-out.
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Source Fool.com
