Austin Moeller

Edison Yu

Greg Pendy

Griffin Boss

Joshua Sullivan

Sujeeva De Silva

Andres Sheppard

Andres Sheppard-Slinger

Ronald Epstein

Alexander Preston

Eric Fromson

Jeff Van Rhee

Josh Sullivan

Joshua Korn

Michael Crawford

Suji Desilva

Xin Yu

- Intuitive Machines has entered into a definitive agreement to acquire **Lanterra Space Systems** (formerly Maxar Space Systems) from Advent for **$800,000,000**, consisting of **$450,000,000 in cash** and **$350,000,000 in Intuitive Machines Class A common stock**.  **[0001844452_2231128_1]** **[0001844452_2231128_3]** 
- This acquisition is intended to transform Intuitive Machines into a "next generation space prime," combining its agility and innovation with Lanterra's satellite production scale and reliability to expand services across defense, civil, and commercial markets.  **[0001844452_2231128_1]** 
- The transaction is expected to be immediately accretive to revenue, adjusted EBITDA, and free cash flow, with the combined entity projected to have **more than $850,000,000 in revenue**, **positive adjusted EBITDA**, and **$920,000,000 in backlog** based on Q3 2025 trailing twelve-month financials.  **[0001844452_2231128_3]**  The closing is anticipated in **Q1 of next year** (Q1 2026).  **[0001844452_2231128_3]** 
- For Q3 2025, Intuitive Machines reported **revenue of $52,400,000**, a **net loss of $10,000,000**, and **negative adjusted EBITDA of $13,200,000**.  **[0001844452_2231128_3]**  The company ended the quarter with a cash balance of **$622,000,000**.  **[0001844452_2231128_3]**

Intuitive Machines Announces Acquisition of Lanterra Space Systems and Q3 2025 Results

- LUNR announced the acquisition of Lanteris Space Systems for a total transaction value of **$800M**, consisting of **$450M in cash** and **$350M in Class A common stock**.  **[0001844452_2230901:8]** **[0001844452_2230901:10]** 
- This acquisition is projected to result in a combined trailing twelve-month (TTM) revenue of **more than $850M** and a combined backlog of **$920M**.  **[0001844452_2230901:8]** 
- For the trailing twelve months ended Q3 2025, LUNR reported approximately **$630M** in revenue, a backlog of **$685M** as of September 30, 2025, and **double-digit** Adjusted EBITDA Margins.  **[0001844452_2230901:8]** 
- The company views this as a "Vision-Accelerating Combination" aimed at establishing a "Next-Generation Space Prime" and creating a leading growth platform.  **[0001844452_2230901:0]** **[0001844452_2230901:8]** **[0001844452_2230901:10]**

LUNR Announces Lanteris Acquisition and Q3 2025 TTM Financials

Intuitive Machines (LUNR)