Lunar Dust & Share Sales

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So, Intuitive Machines. They send robots to the moon, which, honestly, feels like something my Uncle Earl should be doing with his retirement money. Instead, it’s a publicly traded company, and I, like a moth to a flickering bulb, am obligated to stare at its stock performance. It’s exhausting, really. Especially when you start digging into CEO share sales.

Stephen J. Altemus, the CEO, recently offloaded a little over 12,000 shares. Not a fortune, about $250,000, but enough to make me wonder if he needed a new roof. Or maybe he’s just really into Beanie Babies again. The SEC filing, naturally, is a joyless document, filled with numbers that blur together after a while. They tell you he still has over 13.8 million shares, which, frankly, feels excessive. I have trouble keeping track of my library card.

Apparently, this wasn’t some panicked dash for the exit. It was part of a pre-planned 10b5-1 trading plan, adopted way back in December of 2024. A fancy way of saying he scheduled the sale ahead of time to avoid looking like an insider trader. It’s like admitting you’re not entirely trustworthy, but doing it proactively. It’s a little like telling your therapist everything before you do it, so you get credit for self-awareness.

The company itself? They’re all about lunar access, orbital services, and generally poking around in space. It sounds expensive. And a little lonely. Their revenue is around $218 million, but they’re currently operating at a loss of $193 million. My accountant would have a lot to say about that. But hey, at least they’re losing money in space. It’s more glamorous than losing it on cable bills.

Here’s the thing. The stock has been doing well, up over 13% in the last year. It even hit a 52-week high recently, thanks to some new contracts and the acquisition of another company. Which, of course, means the price-to-sales ratio has gone up. It’s nearly 11 now. That’s… a lot. It’s like paying $11 for a cup of coffee. You start to question your life choices.

So, what does it all mean? Well, the CEO selling a small portion of his shares isn’t necessarily a disaster. It’s probably just a bit of financial housekeeping. But the high price-to-sales ratio? That’s a warning sign. It suggests the stock might be overvalued. Now might be a good time to sell, but definitely not to buy. Unless, of course, you’re really into rockets. Or have a strong desire to lose money in space.

I’m going to go back to staring at my own finances now. It’s slightly less exciting, but also slightly less likely to involve lunar landings.

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2026-01-18 07:32