Intuitive Machines, Inc. announced a definitive agreement to acquire Lanteris Space Systems, formerly Maxar Space Systems, from Advent International LLC. With this acquisition, the combined entity's revenue surpasses $850 million, and the contracted backlog stands at $920 million as of September 30, 2025.

The $800 million deal consists of $450 million in cash and $350 million in Intuitive Machines Class A common stock, subject to regulatory approval. The transaction is projected to close in the first quarter of 2026. Lanteris brings a proven record of reliable spacecraft delivery for national security, civil, and commercial clients and contributes immediate business cash flow.

This acquisition supports Intuitive Machines' strategy to operate across multiple space domains, ranging from Ea

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