Why Intuitive Machines Stock Crashed Today

Intuitive Machines (LUNR) stock fell 10-16% on the day of SpaceX's IPO. The author attributes the decline to investors selling LUNR shares to raise cash for SpaceX purchases, despite LUNR gaining 71% over the previous four months. The selloff reflects a shift in investor interest toward the larger, more established SpaceX rather than smaller space industry competitors.