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Director Michael Blitzer of Intuitive Machines, Inc. (NASDAQ:LUNR) recently purchased shares of the company’s Class A Common Stock, according to a Form 4 filing with the Securities and Exchange Commission. The space technology company, currently valued at $1.67 billion, has seen its stock decline 9.7% in the past week according to InvestingPro data.
The purchases, both marked with transaction code "P", totaled $2.19 million. On November 12, 2025, Blitzer acquired 141,080 shares at a weighted average price of $9.2657, in multiple transactions at prices ranging from $9.2050 to $9.355. The next day, November 13, Blitzer bought another 100,000 shares at a weighted average price of $8.8323, in multiple transactions at prices ranging from $8.5949 to $9.10. Notably, these purchase prices are above the current trading price of $8.64, but InvestingPro analysis indicates the stock is trading below its Fair Value, with analyst targets ranging from $8.50 to $18.00.
Following these transactions, Blitzer directly owns 1,931,248 shares of Intuitive Machines, Inc. The company maintains a strong liquidity position with a current ratio of 3.7 and holds more cash than debt on its balance sheet. For deeper insights into LUNR’s financial health and comprehensive analysis, check out the Pro Research Report available on InvestingPro, which offers detailed intelligence on this and 1,400+ other US equities.
In other recent news, Intuitive Machines reported its financial results for the third quarter of 2025, revealing a revenue of $52.4 million. The company experienced a net loss of $10 million, although it showed improvement with an adjusted EBITDA of -$13.2 million, which marks a $12.2 million increase from the previous quarter. Additionally, Intuitive Machines announced an agreement to acquire Lanteris Space Systems from Advent International for $800 million. The transaction includes $450 million in cash and $350 million in Class A common stock, with an expected closing in the first quarter of 2026. Meanwhile, Cantor Fitzgerald reiterated its Overweight rating for Intuitive Machines, maintaining a $16.00 price target. This rating comes after the company’s acquisition announcement. These developments highlight significant strategic moves and financial adjustments for Intuitive Machines.
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