LUNR is trading at $20.85 (5.4% up) after a sharp bounce from its recent three-week selloff, as traders reassess the company's growing contract backlog against concerns over cash burn and share issuance.
- The move aligns with a broadly positive equity backdrop, with major U.S. indices and futures trading higher.
- Renewed risk-on appetite is encouraging interest in high-beta names like Intuitive Machines following the recent period of downward pressure.