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Intuitive Machines to Acquire Lanteris in $800 Million Deal
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Heartspace News Desk
•Source: Reuters
Photo by Laurel and Michael Evans on Unsplash
TL;DR
Intuitive Machines will acquire Lanteris Space Systems for $800 million, including $450 million cash and $350 million in stock, per Reuters. This acquisition expands Intuitive Machines' business beyond lunar landers into satellite and spacecraft construction for government and commercial use, with the deal expected to close in early 2025 pending regulatory approval.
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Key takeaways
- Intuitive Machines, a leading lunar lander manufacturer, has announced its acquisition of Lanteris Space Systems (formerly Maxar Space Systems) for $800 million, according to Reuters
- This strategic acquisition aims to expand Intuitive Machines' business beyond lunar projects, establishing the company as a comprehensive space services provider for both government and commercial sectors
- The transaction comprises $450 million in cash and $350 million in Intuitive Machines stock
Intuitive Machines, a leading lunar lander manufacturer, has announced its acquisition of Lanteris Space Systems (formerly Maxar Space Systems) for $800 million, according to Reuters. This strategic acquisition aims to expand Intuitive Machines' business beyond lunar projects, establishing the company as a comprehensive space services provider for both government and commercial sectors.
The transaction comprises $450 million in cash and $350 million in Intuitive Machines stock. Lanteris specializes in the construction of satellites and spacecraft for defense, communications, and scientific endeavors. Subject to regulatory approvals, the acquisition is projected to be finalized in the first quarter of the following year.
Related Topics
Intuitive MachinesLanteris Space Systemsacquisitionspacecraftlunar landeraerospaceMaxar Space Systems
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