Hello and welcome back to Max Q!
In this issue:
- Intuitive Machines enters the public market
- Silicon Valley goes to war
- News from Transcelestial, Umbra and more
Intuitive Machines’ public market debut marked by large shareholder redemptions but sharp stock highs
Lunar technology company Intuitive Machines received far less cash from its merger with a special purpose acquisition company (SPAC) than it forecasted, but despite this rocky start the stock price saw major highs last week.
Although Intuitive Machines said the SPAC trust could furnish the company with as much as $301 million in dry powder, shareholders opted to redeem a staggering $279.8 million prior to the transaction closing. The redemptions could refl...
