Overview
- Intuitive Machines agreed to buy Lanteris Space Systems for $800 million, split between $450 million in cash and $350 million in stock.
- The companies say the combined business exceeds $850 million in annual revenue with a $920 million contract backlog as of Sept. 30.
- Closing is targeted for the first quarter of 2026 subject to regulatory approvals and customary conditions, with Advent retaining an undisclosed stake.
- Lanteris, recently rebranded from Maxar Space Systems, builds spacecraft for defense, communications and scientific missions after diversifying beyond GEO platforms.
- Intuitive Machines reported third‑quarter revenue of $52.4 million and a $10 million net loss, and its shares fell in premarket trading after the announcement.