On May 29, Intuitive Machines declined 8.05% in regular trading, trading at approximately $41.27 per share, with trading volume of $157 million. The drop was driven by the company's failure to secure a NASA lunar vehicle contract combined with broad profit-taking across the commercial space sector.

NASA recently announced its lunar base initial-phase contracts, awarding nearly $1 billion in cargo and infrastructure orders to Blue Origin, Lunar Outpost, Astrolab, and Firefly Aerospace. Intuitive Machines was notably absent from the contract recipients, failing to win the lunar terrain vehicle construction award. CEO Steve Altemus stated the company would pursue further opportunities. The contract loss comes after the stock had surged on SpaceX IPO enthusiasm and short-squeeze dynamics in preceding sessions.

Additionally, the commercial space sector experienced significant profit-taking following multiple consecutive days of gains. Sector peers declined sharply, with Redwire down 10.52%, Firefly Aerospace down 8.79%, Rocket Lab down 6.22%, and Karman Holdings down 6.86%, reflecting broad selling pressure that further weighed on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)