Intuitive Machines, Inc. (Nasdaq: LUNR) has entered into a definitive agreement to acquire Lanteris Space Systems (“Lanteris”), formerly Maxar Space Systems, a proven spacecraft manufacturer with an exceptional record of delivering a highly reliable family of spacecraft for national security, civil, and commercial customers, from Advent International LLC.
The transaction is priced at $800 million, consisting of $450 million in cash and $350 million in Intuitive Machines Class A common stock, subject to adjustment. The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals and closing conditions. As a stand-alone company, Lanteris is a cash generating business. As a combined company, Intuitive Machines expects to have adequate cash on hand for continued operations.
In alignment with the Intuitive Machines vision, the acquisition of Lanteris positions Intuitive Machines as a vertically integrated, next generation, space prime that can design, manufacture, deliver, and operate missions from Earth orbit to the Moon, Mars, and beyond.
This strategic acquisition positions Intuitive Machines as a next generation space prime directly in the flow of multi-billion-dollar space programs. The combined entity revenue exceeds $850 million, with positive Adjusted EBITDA, and $920 million* in backlog as of September 30, 2025,” said Intuitive Machines CEO, Steve Altemus. “This marks the moment Intuitive Machines transitions from a lunar company to a multi-domain space prime, setting the pace for how the industry’s next generation will operate.”
Intuitive Machines’ vision is to expand its space infrastructure services from LEO, to GEO, beyond the Moon, and to Mars,” said Kam Ghaffarian, Chairman of Intuitive Machines. “In a time where we see a strong convergence of commercial, civil, and national security space, this strategic acquisition is a transformative step towards realizing that vision.”