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Intuitive Machines (LUNR) Loses 7% on Profit-Taking
Yahoo Financeยท 2025-10-16 19:31
Group 1 - Intuitive Machines Inc. (NASDAQ:LUNR) experienced a significant decline of 7% on Wednesday, closing at $12.88, as investors engaged in profit-taking after previous gains [1][4] - The company gained investor interest earlier in the week following JPMorgan's announcement of a $10 billion investment program targeting the space industry, highlighting the need for modern defense technologies [2][3] - JPMorgan's investment plan is part of a larger $1.5 trillion initiative aimed at enhancing economic security and resiliency in the U.S., with a focus on critical sectors including spacecraft and space launches [3] Group 2 - Intuitive Machines recently achieved a Capability Maturity Model Integration (CMMI) Maturity Level 3, indicating compliance with NASA's standards for Class A human spaceflight and robust engineering processes [4]