On June 1, Intuitive Machines fell 5.04% in pre-market trading, trading at $41.6 USD/share, with trading volume of approximately $7.58 million.

On the news front, Blue Origin's New Glenn rocket exploded during a hot-fire test at a Space Force facility in Cape Canaveral, Florida, intensifying market concerns across the space industry. Multiple space stocks came under sustained pressure following the incident, with peer Rocket Lab declining 4.81% in pre-market trading. The explosion raised broader questions about launch reliability across the sector, which had previously surged on SpaceX IPO expectations.

Adding to the headwinds, analyst firm Zacks issued a Strong Sell rating on Intuitive Machines in its latest report, citing a downward trend in earnings forecasts. The company reported EPS of -$0.18 in its most recent quarterly results on May 14. The combination of sector-wide negative sentiment from the Blue Origin incident and the bearish analyst call amplified selling pressure on the stock, which had already been retreating from recent highs driven by SpaceX IPO enthusiasm and short-squeeze dynamics.

(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.)