Where Will Intuitive Machines Stock Be in 10 Years?

Intuitive Machines (NASDAQ: LUNR), a producer of lunar landing and exploration vehicles, went public by merging with a special purpose acquisition company (SPAC) on Feb. 13, 2023. Its stock started trading at $10 per share and skyrocketed to a record high of $81.99 just nine days later.Yet that rally sputtered out as it struggled with delayed launches and steep losses. On Jan. 4, 2024, the stock closed at its all-time low of $2.04. At the time, many investors dismissed it as just another SPAC-backed space start-up that overpromised and underdelivered.But despite that rough start, Intuitive's stock now trades at about $11 a share. Its price soared again as the company's first two landers reached the moon, it secured more contracts from NASA, and it attracted more commercial clients.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool