“Lunar company Intuitive Machines’ stock surges 50% to trade above SPAC debut price”
February 26, 2024
“Shares of Intuitive Machines jumped for a third consecutive trading session, surpassing their post-SPAC debut price, as the company’s first mission completed further milestones as it approached the moon.
Intuitive Machines’ stock surged as much as 65% in trading Tuesday to an intraday high of $12.05, north of the $10.03 a share price that shares traded at after the company completed its SPAC merger in February 2023. The stock closed the day up 50% at $10.99 per share…”