Hudson Bay Capital Amends Intuitive Machines Stake

TL;DR

**Hudson Bay Capital just updated its Intuitive Machines stake, watch for market reaction.**

AI Summary

Hudson Bay Capital Management LP filed an amended Schedule 13G/A on February 5, 2024, updating its ownership in Intuitive Machines, Inc. as of December 31, 2023. This filing indicates a change in their beneficial ownership of Class A Common Stock, par value $0.0001 per share, for the company formerly known as Inflection Point Acquisition Corp. This matters to investors as it provides transparency into a significant institutional investor's stake, potentially signaling their confidence or a shift in their investment strategy in Intuitive Machines.

Why It Matters

This filing reveals an updated snapshot of a major institutional investor's position in Intuitive Machines, which can influence market perception and trading activity for the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a direct risk to the company or its investors.

Analyst Insight

Investors should note that Hudson Bay Capital Management LP, a significant institutional investor, has updated its position in Intuitive Machines. While this filing doesn't disclose the exact percentage or number of shares, it confirms their continued interest. Smart investors might monitor subsequent filings or news from Hudson Bay for further insights into their investment strategy regarding Intuitive Machines.

Key Numbers

• 0001393825-24-000081 — Accession Number (unique identifier for this specific SEC filing)
• 20240205 — Filed As Of Date (the date the SC 13G/A was filed with the SEC)
• 46125A100 — CUSIP Number (unique identification number for Intuitive Machines' Class A Common Stock)

Key Players & Entities

• Hudson Bay Capital Management LP (company) — the reporting person filing the SC 13G/A
• Intuitive Machines, Inc. (company) — the subject company whose securities are being reported
• Inflection Point Acquisition Corp. (company) — the former name of Intuitive Machines, Inc.
• December 31, 2023 (date) — the date of the event requiring the filing
• Class A Common Stock (other) — the type of securities owned
• $0.0001 (dollar_amount) — par value per share of Class A Common Stock

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• ipax_13ga.htm (SC 13G/A) — 52KB
• image_005.gif (GRAPHIC) — 0KB
• 0001393825-24-000081.txt ( ) — 54KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Intuitive Machines, Inc. (formerly known as Inflection Point Acquisition Corp.), a Delaware corporation (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 13467 Columbia Shuttle Street, Houston, TX 77059.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, Connecticut 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A common stock, par value $0.0001 per share (the " Class A Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 46125A100 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The Investment Manager serves as the investment manager to HB Strategies LLC and Hudson Bay SPAC Master Fund LP, in whose name the securities reported herein were held. As such, the Investment Manager may have been deemed to be the beneficial owner of all Class A Ordinary Shares held by HB Strategies LLC and Hudson Bay SPAC Master Fund LP. Mr. Gerber serves as the managing member of Hudson Bay Capital GP LLC, which

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 5, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

View Full Filing

View this SC 13G/A filing on SEC EDGAR