Intuitive Machines (LUNR) drops 16% on Feb. 25 after $175M equity investment

On February 25, 2026, Intuitive Machines said it entered a definitive agreement to raise $175 million by selling Class A common stock, with closing expected on February 27. Shares fell about 16% to $15.80 in morning trading as dilution weighed on sentiment. Proceeds will fund satellite communications and data-processing networks following the January acquisition of Lanteris Space Systems.