LUNR Intuitive Machines, Inc.
Price Chart
Executive Summary
Intuitive Machines entered into a Sales Agreement with ten agents to sell up to $500 million of Class A common stock in an at-the-market offering. The ATM facility provides flexible access to capital at prevailing market prices, with agents earning up to 3.0% commission. This is a routine capital-raising mechanism that creates potential future dilution but no immediate share issuance.
Key Financial Metrics
Actionable Insight
The ATM facility is a neutral capital-raising tool with no immediate dilution. Monitor future 10-Q and 10-K filings for disclosure of shares sold under the program, which will indicate the pace and magnitude of dilution. The $500M capacity represents ~5.8% of the current $8.6B market cap if fully utilized at current prices.
Key Facts
- Intuitive Machines filed an 8-K on June 3, 2026, disclosing entry into a Sales Agreement for an ATM offering of up to $500 million in Class A common stock.
- The Sales Agreement is with ten agents including Barclays, Cantor Fitzgerald, B. Riley, Canaccord Genuity, Clear Street, Craig-Hallum, Deutsche Bank, KeyBanc, Roth Capital, and Stifel.
- Shares will be sold at market prices in at-the-market offerings as defined by Rule 415 under the Securities Act.
- Agents will receive compensation of up to 3.0% of the gross sales price per share sold.
- The offering is registered under an automatic shelf registration statement on Form S-3 (File No. 333-296442) that became effective June 2, 2026.
- No shares have been sold under the agreement as of the filing date; the facility provides future capital-raising flexibility.
Financial Impact
Up to $500 million in aggregate gross proceeds from future at-the-market sales, with agents earning up to 3.0% commission. No shares have been sold yet.
Risk Factors
- Future share sales under the ATM could dilute existing shareholders if the company executes on the facility.
- At-the-market offerings can create downward price pressure if large volumes are sold into the market over time.
- The company may need capital for operations or growth, and the ATM provides a ready source but signals potential cash needs.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-254475 |
| Document: d62861d8k.htm | 0001193125-26-254475 |
| Document: d62861dex51.htm | 0001193125-26-254475 |
| Document: 0001193125-26-254475-index-headers.html | 0001193125-26-254475 |
| Document: 0001193125-26-254475-index.html | 0001193125-26-254475 |
| Document: 0001193125-26-254475.txt | 0001193125-26-254475 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
2d ago
|
8-K
| $33.83 $33.63 | ▼ −0.59% | ▼ −0.99% | $29.36 (−13.21%) |
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May 14, 2026
22d ago
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8-K
| $36.52 $33.89 | ▼ −7.20% | ▼ −5.97% | $29.36 (−19.61%) |
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May 14, 2026
22d ago
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Press Release
| $36.52 $33.89 | ▼ −7.20% | ▼ −5.97% | $29.36 (−19.61%) |
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May 14, 2026
22d ago
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Press Release
| $36.52 $33.89 | ▼ −7.20% | ▼ −5.97% | $29.36 (−19.61%) |
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May 1, 2026
5w ago
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Press Release
| $25.62 $25.35 | ▼ −1.05% | ▼ −0.71% | $29.36 (+14.60%) |
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Apr 24, 2026
6w ago
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DEFA14A
| $25.53 $26.20 | ▲ +2.62% | ▲ +2.46% | $29.36 (+15.00%) |
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Apr 15, 2026
7w ago
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144
| $23.88 $27.28 | ▲ +14.24% | ▲ +13.99% | $29.36 (+22.95%) |
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Apr 15, 2026
7w ago
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Insider Cluster
| $23.88 $27.28 | ▼ −14.24% | ▼ −13.99% | $29.36 (−22.95%) |
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Apr 1, 2026
9w ago
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S-3ASR
| $23.99 $22.92 | ▼ −4.46% | ▼ −4.94% | $29.36 (+22.38%) |
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Mar 24, 2026
10w ago
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Press Release
| $17.92 $20.55 | ▲ +14.68% | ▲ +14.11% | $29.36 (+63.84%) |
US Market Status
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