Thndr Claps » U.S. Claps » IPO Watch 👀 » Intuitive Machines going public 🚀
The ClapIntuitive Machines is set to go public through a special purpose acquisition company (SPAC) Inflection Point (NASDAQ: IPAX) in a $1 billion deal.The DeetsIntuitive Machines will merge with Inflection Point in Q1 2023, where Intuitive Machines will be registered on the NASDAQ under the ticker LUNR.Why this MattersThe deal will see Intuitive Machines earn up to $338 million in cash, as they provide technologies and services in the building of the infrastructure and commerce.Intuitive Machines’ four business units are developing several technologies that include propulsion and lunar vehicles.Related NewsMany space-related stocks have declined this year, as investors view the industry as risky.
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