On June 12, Intuitive Machines rose 5.61% overnight, trading at $32.55/share, with turnover of $146,100. The stock continued its upward momentum as the commercial space sector rallied ahead of SpaceX's landmark IPO.

On the news front, SpaceX is set to begin trading imminently in what is expected to be one of the largest public offerings in history. Reports indicate the IPO has secured over four times oversubscription, with total subscription volume exceeding $250 billion, far surpassing the $75 billion fundraising target. The event has triggered a broad sector re-rating, with investors positioning across space-related equities. Peers Redwire gained 11.64% and Rocket Lab rose 6.39%, reflecting widespread optimism that SpaceX's listing will serve as a valuation catalyst for the entire commercial space industry.

Intuitive Machines, a space infrastructure and services company founded in 2013 and headquartered in Houston, Texas, designs, manufactures, and operates space products enabling lunar exploration and resource utilization. The company maintains $1.1 billion in order backlog with Q1 revenue approaching triple year-ago levels, providing fundamental support for the rebound.

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