SCHEDULE: Susquehanna Affiliates Disclose 5.3% Stake in Intuitive Machines

G1 Execution Services, SIG Brokerage, and Susquehanna Securities collectively report beneficial ownership of 5.3% of Intuitive Machines' Class A Common Stock.

Summary

• G1 Execution Services, LLC, SIG Brokerage, LP, and Susquehanna Securities, LLC, acting as an affiliated group, have filed a Schedule 13G.
• The group beneficially owns an aggregate of 6,353,748 shares of Intuitive Machines, Inc. Class A Common Stock.
• This ownership represents 5.3% of the company's Class A Common Stock outstanding as of November 10, 2025, which was 119,319,784 shares.
• Susquehanna Securities, LLC holds the largest portion with sole voting and dispositive power over 6,338,284 shares, including options to buy 5,099,900 shares.
• SIG Brokerage, LP holds sole voting and dispositive power over 15,000 shares, consisting entirely of options to buy shares.
• G1 Execution Services, LLC holds sole voting and dispositive power over 464 shares.
• The reporting persons disclaim beneficial ownership of shares owned directly by another reporting person within the group, but report shared voting and dispositive power for the aggregate amount.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Intuitive Machines, Inc.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development. The disclosure of a significant institutional stake by a reputable group of broker-dealers suggests confidence or active trading interest in Intuitive Machines, which can be a positive signal for other investors.

Positives

• The disclosure of a significant 5.3% stake by institutional broker-dealers like Susquehanna and its affiliates can signal institutional interest and liquidity in Intuitive Machines' stock.

Negatives

• This filing type (Schedule 13G) does not typically contain information that would be categorized as 'negatives' regarding the issuer's performance or outlook.

Risks

• This filing type (Schedule 13G) does not typically contain information about company-specific risks.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance from Intuitive Machines, Inc. or the reporting persons regarding the company's future outlook.

Management Comments

• Brian Sopinsky, Secretary of G1 Execution Services, LLC and Susquehanna Securities, LLC, and Assistant Secretary of SIG Brokerage, LP, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that the disclosure of a 5.3% stake by a group of affiliated broker-dealers, including Susquehanna, indicates a notable institutional presence in Intuitive Machines. While this filing is purely an ownership disclosure, it suggests that these sophisticated market participants see value or trading opportunities in the company, which operates in the burgeoning space exploration and lunar technology sector. This level of institutional interest can contribute to market liquidity and potentially validate the company's position within its industry.

Comparison to Industry Standards

• This Schedule 13G filing primarily reports beneficial ownership and does not contain performance metrics or operational results that would allow for a direct comparison to industry standards or specific comparable companies/projects. It reflects an investment position rather than operational performance.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase confidence and liquidity in the stock.
• Employees, Customers, Suppliers, Creditors: This filing does not directly impact these stakeholders as it pertains solely to beneficial ownership reporting and not operational or strategic changes.

Key Dates

Recommendation

The filing indicates a significant institutional stake, which can be a positive signal for market liquidity and investor confidence. However, a Schedule 13G is purely an ownership disclosure and does not provide fundamental operational or financial insights to warrant a 'buy' or 'sell' recommendation. It suggests institutional interest, but further due diligence on the company's financials and strategic direction is required for a stronger recommendation. Therefore, a 'hold' is appropriate, acknowledging the positive signal without overstating its implications.

Keywords

Intuitive Machines, IMAX, Schedule 13G, Beneficial Ownership, Institutional Ownership, Susquehanna, G1 Execution Services, SIG Brokerage, Class A Common Stock, Space Exploration, Aerospace