Space-Exploration Co.’s 330% Jump Shines in Sea of De-SPAC Pain
- Intuitive Machines surge drives at least seven halts Thursday
- The strong debut for the company may prove to be a head-fake
A rendering of an Intuitive Machines moon lander.
Source: Intuitive MachinesThis article is for subscribers only.
It’s been a brutal start to the year for companies bold enough to go public through SPAC mergers, but in that sea of red, a space-exploration company stands out as a raging success.
Intuitive Machines Inc., which debuted earlier this week, has soared 330% to $44.77 after more than tripling on Thursday, triggering at least seven halts. The Houston-based company, with the ticker LUNR, is the top performing de-SPAC to start trading this year.