Intuitive Machines will acquire Lanteris Space Systems from Advent International for $800 million — $450M cash and $350M in Class A stock — creating a combined entity with revenue above $850M, positive adjusted EBITDA and a $920M backlog that strengthens lunar, Near Space Network and Earth-based data services.
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Briefing
Deal metrics are large and immediate: $800M purchase price ($450M cash, $350M stock), a combined revenue base in excess of $850M, positive adjusted EBITDA and a $920M backlog — materially increasing scale and contracted work for Intuitive Machines.
The acquisition accelerates Intuitive Machines' move into integrated spacecraft and data services, building on its prior steps to bring lunar communications satellite production in‑house and to acquire deep‑space navigation specialist KinetX, consolidating capabilities for lunar and cislunar missions.
Adds operational and contract runway for upcoming lunar infrastructure work and complements recent program wins such as the AFRL extension for in‑space nuclear power development, strengthening Intuitive Machines' position to deliver complex lunar services.
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(ES) Intuitive Machines to acquire spacecraft manufacturer Lanteris • actualidadaeroespacial.com
Intuitive Machines to Buy Lanteris for $800M, Accelerates Push to Become a 'New Space Prime' • houstonchronicle.com
(FR) Lanteris (formerly Maxar) to be acquired by Intuitive Machines • aerospatium.info
(FR) Intuitive Machines to acquire Lanteris, formerly Maxar Space • air-cosmos.com
Intuitive Machines to Acquire Lanteris Space Systems in $800 Million Deal • orbitaltoday.com