Why Intuitive Machines Stock Just Crashed 14%
Intuitive Machines (LUNR -9.96%) stock tumbled 14.2% through 9:45 a.m. ET Wednesday morning after the space company made two disturbing announcements in 24 hours. First, last night after close of trading, Intuitive announced plans to issue and sell up to 10 million in new stock via a private placement (so $83.9 million total). The Fly noted that the company was targeting a sha ...