Today I closed my position in Intuitive Machines (LUNR).
This is not a bearish call on the company. My concerns are centered around execution risk, dilution risk, and the changing risk/reward profile following a significant move higher.
LUNR remains an interesting company with substantial opportunities ahead, but I have chosen to reallocate capital elsewhere.
In this update, I explain my reasoning and discuss what investors should watch going forward.
Disclosure: I do not currently own shares of LUNR.
#LUNR #IntuitiveMachines
