Intuitive Machines shares, up 68.2% in 2026 through late May, sank after SpaceX’s record $75 billion IPO diverted investor flows to its $1.77 trillion market-cap debut. SpaceX began trading at $150 per share on June 14, triggering a sector-wide pullback that trimmed gains in aerospace and defense peers including LUNR.
On June 14, SpaceX debuted at $150 per share, raising $75 billion in the largest IPO ever and driving its market cap to about $1.77 trillion. The record launch spurred a rotation of capital into SPCX, weighing on listed aerospace and defense peers.
Intuitive Machines shares climbed 68.2% in 2026 through late May, supported by broader aerospace and defense sector momentum. The swift shift of investor focus to SpaceX’s public debut triggered a selloff that eroded a portion of LUNR’s year-to-date gains.
With SpaceX now public, investor attention may refocus on companies with active lunar missions and services, potentially supporting LUNR’s pipeline of lunar lander and rover contracts. Future catalysts include upcoming mission milestones and commercial contract awards that could stabilize the shares.
