Why Intuitive Machines Stock Crashed Today
When you get right down to it, I was both right and right about the SpaceX (NASDAQ: SPCX) IPO.
Right, because I predicted SpaceX IPO fever could drive space stocks higher. Indeed, shares of lunar landing company Intuitive Machines (NASDAQ: LUNR) gained 71% over the past four months.
That's the good news. I was also right, unfortunately, about what would happen on the IPO date. And this in a nutshell is why Intuitive Machines stock fell 10% through 11 a.m. ET today.
Source Fool.com
