10 Stocks Left Behind in a Roaring Market

3. Intuitive Machines Inc. (NASDAQ:LUNR)

Intuitive Machines declined by 15.93 percent on Wednesday to finish at $15.89 apiece as investors disposed of positions amid the dilution potential of its plans to raise $175 million from a share sale.

In a statement on the same day, Intuitive Machines Inc. (NASDAQ:LUNR) said that the strategic equity investment would be led by global institutional investors, proceeds of which will be used to support revenue expansion and investment in technologies to advance communications and data processing networks, including extending flight-proven satellite platforms into those growth markets. The transaction is expected to close on Friday, February 27.

Additionally, Intuitive Machines Inc. (NASDAQ:LUNR) intends to invest in expanding its Near Space Network Services (NSNS) and establish a solar system internet independent of Earth.

“Through investments in the Lanteris platforms, specifically the 1300 series, the Company believes it can grow market share in Geostationary Orbit, expand capability around the Moon, extend capability to Mars, and support emerging high-power on-orbit data processing and edge computing,” it said.

“The company believes this investment will enhance its ability to win and execute higher margin, recurring revenue programs such as Golden Dome initiatives, Tracking and Data Relay Satellite System, the Mars Telecommunications Orbiter, as well as the evolving space-based orbital data center market,” it noted.