🔴 Intuitive Machines Inc. falls 8.8% on plans for $500 million stock offering

Intuitive Machines Inc. is trading 8.8% down at $27.94 after the company disclosed plans for a potential stock offering.

• The company announced in an SEC filing it may sell up to $500 million of its Class A common stock through an at-the-market offering.
• The news has sparked concerns among investors about potential shareholder dilution, leading to a sharp sell-off that reverses a strong multi-day rally.
• The drop comes just a day after the stock surged over 15% amid broader sector enthusiasm for the concurrent SpaceX IPO.