Intuitive Machines Stock Plunges 12.04% on CEO Share Sale Q3 Loss Acquisition Risks

The share price fell to its lowest level so far this month, with an intraday decline of 12.04%.

Intuitive Machines’ stock slump reflects a confluence of factors, including CEO Stephen Altemus’ sale of $31.5 million in shares under a Rule 10b5-1 trading plan, which raised questions about management’s confidence. The company reported Q3 2025 revenue of $52.4 million but a $10 million net loss, signaling ongoing profitability challenges. Meanwhile, the $800 million acquisition of Lanteris Space Systems—financed partly in cash and equity—adds near-term execution risk amid a volatile market.

The space economy’s long-term potential remains a key tailwind, with Intuitive Machines positioned to benefit from lunar exploration contracts and U.S. Artemis program initiatives. However, competition from aerospace firms and startups, coupled with macroeconomic headwinds, underscores the sector’s early-stage risks. While the acquisition of Lanteris could enhance capabilities in lunar logistics, investors will scrutinize integration efficiency and cost management to gauge whether strategic bets align with growth expectations.