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Max Q: Only a matter of time



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Hello and welcome back to Max Q!
In this issue:

Intuitive Machines enters the public market
Silicon Valley goes to war
News from Transcelestial, Umbra and more

Lunar technology company Intuitive Machines received far less cash from its merger with a special purpose acquisition company (SPAC) than it forecasted, but despite this rocky start the stock price saw major highs last week.
Although Intuitive Machines said the SPAC trust could furnish the company with as much as $301 million in dry powder, shareholders opted to redeem a staggering $279.8 million prior to the transaction closing. The redemptions could reflect a relative weariness amongst investors of SPACs, which saw a huge upswing in popularity in the past few years but have more recently fallen out of favor as post-SPAC companies struggle to stay afloat in the …

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