Intuitive Machines(US:LUNR)2025-11-04 13:30Acquisition Overview - Intuitive Machines is acquiring Lanteris Space Systems in a transaction valued at approximately $800 million[20] - The transaction involves $450 million in cash and $350 million in Class A common stock[20] - The combined entity has a TTM (Trailing Twelve Months) revenue exceeding $850 million[20] - The combined backlog is approximately $920 million[20] Financial Highlights - Intuitive Machines has approximately $630 million in revenue (TTM Q3 2025)[16] - The company reports double-digit adjusted EBITDA margins (TTM Q3 2025)[16] - The company's backlog is approximately $685 million (as of September 30, 2025)[16] Strategic Positioning - The acquisition accelerates Intuitive Machines' three pillars: Delivery, Data, and Infrastructure from Earth to LEO/MEO/GEO to Moon, Mars[11] - The company has launched over 300 spacecraft[16] - The company has over 100 satellites in orbit today with 99.99% on-orbit availability[16] Market Opportunities - The company is targeting a $4.8 billion NASA program for lunar communications[22] - The company is targeting a $4.6 billion NASA contract to deliver and operate a lunar rover[22]