Should You Buy Intuitive Machines Stock While It's Below $20?

Intuitive Machines (NASDAQ: LUNR), a producer of lunar landing and exploration vehicles, went public on Feb. 14, 2023, by merging with a special purpose acquisition company (SPAC). The combined company's stock started trading at $10, soared to a record high of $81.99 a week later, but withered to about $2 by the start of 2024.Like many other SPAC-backed space stocks, Intuitive Machines overpromised and underdelivered. It broadly missed its initial revenue targets after delaying the launch of its Nova-C lander and securing fewer new contracts. Rising interest rates also cast a harsh light on its losses and popped its bubbly valuations.Image source: Intuitive Machines.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool