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Intuitive Machines acquires Lanteris for $800m

November 6, 2025

By Chris Forrester

In September, Canada-based Maxar Technologies split itself into two divisions: Maxar Intelligence would now operate as Vantor, while Maxar Space Systems would be called Lanteris. Maxar has now sold Lanteris to Intuitive Machines, headquartered in Houston, Texas.

Intuitive Machines, a company that develops lunar landers and other vehicles, has announced it is buying Lanteris Space Systems for $800 million (€694.8m). The move takes Intuitive Machines beyond its lunar niche as the company aims to become a full-service space firm that can design, build and operate spacecraft for government and commercial customers.

The deal includes $450 million in cash and $350 million in Intuitive Machines stock and is expected to close in the first quarter next year, pending regulatory approval.

CEO Steve Altemus said the deal “moves Intuitive Machines beyond the Moon and into a wider range of space projects.” The combined company is expected to bring in more than $850 million in annual revenue and hold $920 million in future contracts as of September 30th.

“This strategic acquisition positions Intuitive Machines as a next generation space prime directly in the flow of multi-billion-dollar space programs. The combined entity revenue exceeds $850 million, with positive Adjusted EBITDA, and $920 million in backlog as of September 30, 2025,” added Altemus.

“Intuitive Machines’ vision is to expand its space infrastructure services from LEO, to GEO, beyond the Moon, and to Mars,” said Kam Ghaffarian, Chairman of Intuitive Machines. “In a time where we see a strong convergence of commercial, civil, and national security space, this strategic acquisition is a transformative step towards realizing that vision.”

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