Reported about 10 hours ago
Intuitive Machines, known for its lunar landers, has announced its acquisition of Lanteris Space Systems for $800 million, marking its expansion into a broader space business. The deal, comprising $450 million in cash and $350 million in stock, aims to enable Intuitive Machines to design and operate various spacecraft, enhancing its service offerings to both government and commercial clients. This acquisition follows other strategic purchases and aims to significantly increase the company's projected revenue and contract backlog, despite a recent dip in its shares.
Source: YAHOO