Intuitive Machines Stock Plummets 60%: Analyzing the Causes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Source: Fool
- Stock Price Decline: Intuitive Machines' stock plummeted approximately 60% from $46.75 in late May to $18.70 today, primarily due to capital rotation following SpaceX's public offering, which pressured smaller space stocks, with Intuitive Machines absorbing the most selling due to its liquidity.
- Dilution Concerns: On June 3, the company announced a $500 million at-the-market equity offering, marking its second significant capital raise in less than six months, which led to immediate stock repricing as the market reacted negatively to the prospect of continuous share issuance and dilution risk.
- NASA Contract Loss: In late May, NASA awarded lunar rover and lander contracts to Astrolab and Lunar Outpost instead of Intuitive Machines, which significantly impacted the stock of a company whose identity is tied to lunar infrastructure, reflecting the market's sensitivity to high-profile contract awards.
- Strong Business Fundamentals: Despite the stock's sharp decline, Intuitive Machines reported nearly tripled revenue year-over-year to $187 million in Q1 2026, with full-year guidance of $900 million or more and a contract backlog of $1.1 billion, indicating robust long-term potential in lunar infrastructure despite recent market challenges.
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Analyst Views on LUNR
Wall Street analysts forecast LUNR stock price to fall
10 Analyst Rating
8 Buy
1 Hold
1 Sell
Moderate Buy
Current: 18.890
Low
9.50
Averages
17.74
High
25.00
Current: 18.890
Low
9.50
Averages
17.74
High
25.00
About LUNR
Intuitive Machines, Inc. is a space technology, infrastructure, and services company. It is a provider and supplier of space products and services that enable sustained robotic and human exploration to the Moon, Mars, and beyond. Its services include delivery services, data transmission services, and infrastructure as a service. Its delivery services provide transportation and delivery of payloads, such as satellites, scientific instruments and cargo to various destinations in space, in addition to rideshare delivery and lunar surface access. Its data transmission services offerings include the collection, processing, and interpretation of space-based data, utilizing applications, such as command, control, communications, reconnaissance and prospecting. Its infrastructure as a service delivers space assets, performing tasks and making decisions without human intervention that are designed to perform essential functions, such as navigation, scientific data collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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