On May 28, Intuitive Machines rose 8.48% in regular trading, trading at approximately $43.45 per share, with trading volume of $130 million.
The rally was primarily driven by continued momentum across the commercial space sector following SpaceX's largely successful Starship test flight ahead of its anticipated IPO. Market expectations place SpaceX's listing valuation at up to $2 trillion, potentially making it the largest IPO in history. Cantor Fitzgerald analyst Andres Sheppard noted that SpaceX's IPO is attracting increased capital flows toward other well-positioned space companies, with Intuitive Machines identified as a direct beneficiary. Additionally, short interest on the stock stands at approximately 5.5% of float, and consecutive share price gains have created significant squeeze pressure on bearish positions, with short sellers facing cumulative paper losses of around $1.9 billion. Multiple analyst upgrades have further supported the move, with B.Riley raising its target price to $45 and Canaccord Genuity 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.)
