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International Business Times UK
International Business Times UK
Annalyn Zoglmann

Intuitive Machines to Buy Lanteris Space Systems in $800 Million Move to Bolster Satellite Business

Intuitive Machines United States Steve Altemus NASA Earth
An Intuitive Machines lunar lander captured on the Moon’s surface marked the company's milestone in commercial space exploration (Credit: AFP News)

KEY POINTS

  • Intuitive Machines' acquisition of Lanteris expands the company's portfolio from lunar landers to satellite manufacturing.
  • Lanteris, formerly Maxar Space Systems, has built over 300 satellites since 1957.
  • CEO Steve Altemus says it marks the firm's evolution into a "multi-domain space prime."

Houston-based aerospace firm Intuitive Machines has announced a £640 million ($800 million) deal to acquire Lanteris Space Systems, a legacy satellite manufacturer, in a move that marks a turning point for the once-startup company as it seeks to cement its position as a major player in the global space industry.

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