Intuitive Machines, Inc. (NASDAQ: LUNR) has announced a strategic equity investment of $175 million led by global institutional investors. This investment comes on the heels of the company's acquisition of Lanteris Space Systems in January.
The capital infusion is intended to support revenue expansion and investment in technologies to advance communications and data processing networks. Intuitive Machines plans to invest in expanding its Near Space Network Services (NSNS) and establish a solar system internet independent of Earth. The company aims to grow market share in geostationary orbit (GEO), expand capability around the moon, extend capability to Mars, and support emerging high-power on-orbit data processing and edge computing.
The investment is expected to enhance the company's ability to win and execute higher-margin, recurring revenue programs such as the Golden Dome Initiatives, Tracking and Data Relay Satellite System (TDRSS), the Mars Telecommunications Orbiter, and the evolving space-based orbital data center market.
Intuitive Machines CEO, Steve Altemus, stated, "We are building a scalable infrastructure platform from low-earth orbit to the moon and into deep space. With this investment, we can accelerate the integration of the combined company’s collective capabilities to deliver next-generation data, communications, and space-based infrastructure services."
The transaction for the issuance and sale of the company’s class A common stock in exchange for the $175 million equity investment is expected to close on February 27, 2026, subject to customary closing conditions.
Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure-as-a-service serving commercial, civil, and national security customers. The company has a proven track record across the space domain, having built over 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system.
The company is actively engaging strategic partners across the terrestrial technology sector to align space-based data centers with emerging enterprise demand.
Cantor is serving as the exclusive placement agent, and DLA Piper LLP (US) is serving as the legal advisor to Cantor. Simpson Thacher & Bartlett LLP is serving as the legal advisor to Intuitive Machines.
The company is looking forward to upcoming awards, including NASA’s lunar terrain vehicle services (LTVS), the next commercial lunar payload services award, and follow-on proliferated warfighter space architecture satellite contracts. As a result of these announcements, the company's shares have moved 10.67% on the market, and are now trading at a price of $21.58. If you want to know more, read the company's complete 8-K report here.
