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Stock impact report

Why Intuitive Machines Stock Crashed Today [Yahoo! Finance]

Intuitive Machines, Inc. - Class A (LUNR) 
Company Research Source: Yahoo! Finance
Moon explorer Intuitive Machines (NASDAQ: LUNR) stock tumbled 16% through 9:45 a.m. ET Wednesday after revealing how it plans to develop its business after paying $800 million to buy Advent's Lanteris satellite-building business. Intuitive will sell $175 million in stock and use the proceeds to bolster its bank account. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Intuitive Machines buys Lanteris You remember this deal . Intuitive Machines has a $4.8 billion contract to build a satellite communications network between the Earth and moon for NASA. To help build the satellites it needs to run the network, and earn all the money it's been promised, Intuitive bought Lanteris, which specializes in building satellites This acquisition closed in January. Intuitive paid $450 milli Show less Read more
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