Intuitive Machines (LUNR) Stock Slides After $175 Million Dilutive Share Offering

Intuitive Machines Inc (NASDAQ:LUNR) shares are trading sharply lower Wednesday morning after the space infrastructure company announced a $175 million strategic equity investment led by global institutional investors.The deal, structured as an issuance of new Class A common shares, will fund expansion of the company's satellite communications and in-space data processing capabilities. Here’s what investors need to know.Intuitive Machines shares are retreating from recent levels. What’s pressuring LUNR stoc ...