Intuitive Machines Is Down 27% in October: Stay the Course, or Just Stay Away?

Intuitive Machines has become a focal point for investors testing speculative space stocks in October. The shares are down 27% for the month to $10.39, after closing at $14.24 on Sept. 30. The slide includes an additional 11% drop from the prior close. The company designs lunar landers and sells lunar data and communications services, mainly to government customers such as NASA. Over the past year it has expanded into satellite manufacturing and national security work, including its Jan. 13 purchase of Lanteris Space Systems. A rebound on Oct. 27 has faded, and the upcoming third-quarter report is the next key catalyst.