Intuitive Machines Could Accelerate Space-Bound Tech After Upsized Offering -- Market Talk

Dow Jones12-06

1428 ET - Intuitive Machines has more fuel to speed up its investments in moon-mission technologies after closing on an upsized secondary common stock offering of $10.50 a share, B Riley Securities analysts say. They estimate the offering will net $118 million after green-shoe options are considered. With the capital injection, they say, Intuitive will accelerate spend on its larger Nova D class lunar lander, which could eventually carry a 5,500-pound payload to the moon, as well as the data-relay satellites it's making in contract with NASA. "Backed by a current $316 million backlog, a vibrant new-space economy, strong position, and additional contracts and missions, we expect the company to win," they say. Intuitive Machines slides 4.7% after NASA said it would delay its Artemis campaign to establish a long-term presence on the moon. (emon.reiser@wsj.com)

(END) Dow Jones Newswires

December 05, 2024 14:29 ET (19:29 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2489945504?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-06 03:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2489945504","market":"other","top_or_hot":-1,"title":"Intuitive Machines Could Accelerate Space-Bound Tech After Upsized Offering -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1428 ET - <a href=\"https://laohu8.com/S/LUNR\">Intuitive Machines</a> has more fuel to speed up its investments in moon-mission technologies after closing on an upsized secondary common stock offering of $10.50 a share, B Riley Securities analysts say. They estimate the offering will net $118 million after green-shoe options are considered. With the capital injection, they say, Intuitive will accelerate spend on its larger Nova D class lunar lander, which could eventually carry a 5,500-pound payload to the moon, as well as the data-relay satellites it's making in contract with NASA. \"Backed by a current $316 million backlog, a vibrant new-space economy, strong position, and additional contracts and missions, we expect the company to win,\" they say. Intuitive Machines slides 4.7% after NASA said it would delay its Artemis campaign to establish a long-term presence on the moon. (emon.reiser@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 05, 2024 14:29 ET (19:29 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intuitive Machines Could Accelerate Space-Bound Tech After Upsized Offering -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntuitive Machines Could Accelerate Space-Bound Tech After Upsized Offering -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-06 03:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1428 ET - Intuitive Machines has more fuel to speed up its investments in moon-mission technologies after closing on an upsized secondary common stock offering of $10.50 a share, B Riley Securities ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LUNR","symbol_name":"Intuitive Machines","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489945504","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489945504","pubTimestamp":1733426940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1428 ET - Intuitive Machines has more fuel to speed up its investments in moon-mission technologies after closing on an upsized secondary common stock offering of $10.50 a share, B Riley Securities analysts say. They estimate the offering will net $118 million after green-shoe options are considered. With the capital injection, they say, Intuitive will accelerate spend on its larger Nova D class lunar lander, which could eventually carry a 5,500-pound payload to the moon, as well as the data-relay satellites it's making in contract with NASA. \"Backed by a current $316 million backlog, a vibrant new-space economy, strong position, and additional contracts and missions, we expect the company to win,\" they say. Intuitive Machines slides 4.7% after NASA said it would delay its Artemis campaign to establish a long-term presence on the moon. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LUNR":"Intuitive Machines","AAQC":"Accelerate Acquisition Corp","BK4187":"航天航空与国防"},"translate_title":"直觉机器在扩大产品规模后可以加速空间技术——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAQC":1,"LUNR":1},"content_text":"1428 ET - Intuitive Machines has more fuel to speed up its investments in moon-mission technologies after closing on an upsized secondary common stock offering of $10.50 a share, B Riley Securities analysts say. They estimate the offering will net $118 million after green-shoe options are considered. With the capital injection, they say, Intuitive will accelerate spend on its larger Nova D class lunar lander, which could eventually carry a 5,500-pound payload to the moon, as well as the data-relay satellites it's making in contract with NASA. \"Backed by a current $316 million backlog, a vibrant new-space economy, strong position, and additional contracts and missions, we expect the company to win,\" they say. Intuitive Machines slides 4.7% after NASA said it would delay its Artemis campaign to establish a long-term presence on the moon. (emon.reiser@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 05, 2024 14:29 ET (19:29 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489945504"}