Intuitive Machines, Inc. (LUNR) closed its $800 million acquisition of Lanteris Space Systems on January 13 2026. The deal was structured with $450 million in cash and $350 million in Intuitive Machines Class A common stock, giving the buyer full ownership of Lanteris’s satellite manufacturing operations that have delivered more than 300 spacecraft annually across LEO, MEO and GEO platforms.
The acquisition is a strategic pivot that transforms Intuitive from a lunar‑land‑er specialist into a full‑service space prime contractor. Lanteris’s proven manufacturing line will allow Intuitive to design, build, launch and operate end‑to‑end missions, accelerating its Near Space Network and Lunar Terrain Vehicle programs. Integration plans include retaining key Lanteris engineering leaders, aligning production schedules with Intuitive’s launch cadence, and targeting $50 million in operational synergies within the first 12 months.
Financially, the combined entity is projected to generate $850 million in revenue and $920 million in backlog, a substantial lift from Intuitive’s 2025 revenue of $250‑$300 million. Lanteris’s cash‑generating operations are expected to contribute positively to Intuitive’s path to profitability, helping the company reach positive run‑rate Adjusted EBITDA by the end of 2025 and full profitability in 2026.
The deal also expands Intuitive’s market reach. Lanteris’s manufacturing capabilities support the $4.82 billion NASA Near Space Network contract and the $600‑$800 million Lunar Terrain Vehicle contract, while positioning the company to pursue the Golden Dome program and other government space initiatives. The acquisition therefore strengthens Intuitive’s competitive position in both commercial and government satellite markets.
Market reaction to the announcement was muted, with analysts noting the significant cash outlay and the $350 million stock issuance that will dilute existing shareholders. While some analysts upgraded the stock citing the strategic benefits and potential contract wins, others expressed caution over the company’s current cash‑flow pressure and the uncertainty surrounding the LTV contract decision. The mixed sentiment reflects a balance between the long‑term upside of expanded capabilities and short‑term financial headwinds.
CEO Steve Altemus said, “This acquisition marks a defining moment in Intuitive’s evolution. By adding flight‑proven manufacturing at scale, we are moving from a lunar company to a multi‑domain space prime, positioning ourselves to build spacecraft, connect resilient communications and navigation networks, and operate systems across LEO, MEO, GEO and cislunar space.”
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