From Nasdaq: 2025-02-17 04:05:00

Intuitive Machines’ stock (NASDAQ: LUNR) has experienced a significant drop after doubling in price over six weeks. The company announced it is redeeming its warrants, causing uncertainty among investors. The warrants sold at IPO entitled investors to buy shares at $11.50, which may lead to share dilution. Intuitive Machines expects to raise approximately $260.3 million and increase its share count to 113.9 million. While this move may benefit the company’s cash reserves, investors have been selling the stock, causing weakness. However, this development could be a net positive for Intuitive Machines stock in the long run. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping by 500 points due to concerns over rising inflation and interest rates.

2. A new study released by the CDC reports that flu cases are on the rise across the country, with over 10,000 confirmed cases and 20 deaths so far this flu season.

3. The United Nations announced that global carbon emissions reached a record high in 2021, with a 2.4% increase from the previous year despite efforts to reduce greenhouse gas emissions.

4. In entertainment news, Taylor Swift released her highly anticipated re-recorded album “Red (Taylor’s Version)”, which quickly rose to the top of the charts and broke streaming records on Spotify.



Read more at Nasdaq: Intuitive Machines Buys Back Its Warrants: Here’s What That Means for You