Intuitive Machines Stock Surge: Bears Fueling Rocket?

Intuitive Machines Stock Soars as Lunar Mission Makes Progress

Intuitive Machines, a space start-up, has experienced a significant surge in its stock price in recent days. While the company’s strong fundamentals have played a role, the gains can also be attributed to other factors. Particularly, the short interest in Intuitive’s stock has been climbing. Prior to the launch, the company’s shares were up 100% year-to-date, reaching $5 from around $2.50. This, combined with a successful mission, potentially explains the remarkable performance of Intuitive’s shares over the past week.