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Story summary
- Intuitive Machines, Inc. (LUNR) announced a $175 million strategic equity investment to expand Near Space Network Services and develop a solar system internet.
- Shares fell nearly 15% after the announcement, dropping to about $15.98 from $18.90.
- The funding, led by undisclosed global institutional investors, will support orbital data centers and satellite communications around the moon and Mars, amid previous lunar lander challenges.
