Lunar Lander Soars 7% in a Day, Market Cap Surpasses 300 Billion Won

Intuitive Machines Inc. (NASDAQ: LUNR) closed at $22.50 on the New York Stock Exchange on the 29th, up 6.87%. Trading volume reached approximately 9.84 million shares—well above its average—and its market capitalization climbed by about $266 million to roughly $3.6 billion (around KRW 5 trillion) from the previous day.

Earlier this month, the company announced an at-the-market (ATM) offering plan to sell up to $500 million (about KRW 700 billion) of common stock, a move that once sent its share price tumbling more than 15%. Since then, Intuitive Machines reported record first-quarter 2026 revenue of approximately $186.7 million (roughly KRW 260 billion) and an all-time high order backlog, but volatility remains elevated due to the sizable equity issuance and insider share sales.

Headquartered in Houston, Texas, Intuitive Machines is a private space company focused on commercial lunar exploration, ferrying cargo to the Moon aboard its Nova-C lander under NASA’s Commercial Lunar Payload Services (CLPS) program. Although the firm faced post-landing tilt issues during two lunar touchdown attempts in 2025, it has additional missions lined up—including the IM-3 mission slated for the second half of 2026—making future mission success a critical driver of its corporate value and share price.