Mentioned:
One of the most promising space exploration companies in America has just brought in a fresh infusion of cash.
What’s happening:
- Intuitive Machines (NASDAQ: LUNR) has successfully raised $148M USD through warrant conversions
By the numbers:
- Intuitive Machines had 12,870,000 warrants at $11.50 USD per share be exercised and converted
- Currently, Intuitive Machines has a cash position of roughly $385M USD
Why it matters:
- Intuitive Machines is one of the most exciting publicly traded space companies in North America, previously landing a multi billion dollar deal with NASA for lunar exploration
Going deeper:
- Intuitive Machines also just recently completed their IM-2 mission, which notably achieved the southernmost lunar landing in the history of the world
