Intuitive Machines Unveils Surprise Stock Sale For Orbital Data Centers
Near Space Network concept.
Credit: Dave Ryan/NASA
Lunar landing upstart Intuitive Machines announced a surprise $175 million stock sale Feb. 25, in part to support potential growth in the orbital data center market. But the equity placement spurred stock traders to cut 16% off the company’s share price. Intuitive Machines did not name the stock...
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