On May 27, Intuitive Machines rose 6.94% in regular trading, trading at $35.52/share, with trading volume of approximately $227 million.
On the news front, the commercial space sector rallied broadly as SpaceX completed a largely successful Starship test flight ahead of its anticipated IPO, deploying simulated satellites during the mission. Market expectations place SpaceX's upcoming IPO valuation at up to $2 trillion, potentially setting a historic record. This milestone significantly boosted investor confidence across the entire space economy, lifting peers including Momentus (up over 27%) and Redwire (up over 4%).
Additionally, Intuitive Machines faces notable short squeeze dynamics, with short interest at approximately 5.5% of the float. Consecutive sessions of gains have placed short sellers under mounting pressure, with cumulative paper losses estimated at around $1.9 billion. Recent analyst upgrades further support the stock, with B.Riley raising its target price to $45 and Canaccord Genuity lifting its target to $41.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
