LUNR · Intuitive Machines, Inc.

Intuitive Machines, Inc. has completed a significant acquisition of Lanteris Space Holdings LLC, a leading provider of comprehensive space technologies with over 60 years of mission experience. The acquisition, finalized on January 13, 2026, represents a strategic expansion of Intuitive Machines' capabilities in space technologies, including mission systems engineering, spacecraft manufacturing, and satellite design for communications, earth observation, and space exploration. The audited financial statements of Lanteris show a decline in performance in 2025, with revenues decreasing from $722 million in 2024 to $601 million in 2025, and net income turning to a $3 million loss compared to $14 million profit in the prior year. The unaudited pro forma combined financial information presents a substantially larger combined entity, with pro forma total assets of $1.56 billion and pro forma revenue of $811 million for 2025. However, the pro forma results show significant combined losses, with a pro forma net loss of $189.9 million for 2025, reflecting the challenges of integrating the two companies. The preliminary purchase price allocation includes $115.4 million of goodwill, indicating the acquisition price exceeded the fair value of Lanteris' identifiable net assets. The transaction represents a major strategic move for Intuitive Machines to expand its space technology portfolio and scale its operations in the competitive space industry.