Intuitive Machines, renowned for its innovative Moon landers, is taking a bold step into the defense and satellite sectors with an $800 million acquisition. The company plans to acquire Lanteris Space Systems, a satellite manufacturer with a history dating back to 1957.

This strategic move signifies a shift for Intuitive Machines from lunar exploration toward broader space services and military applications. Lanteris, formerly known as Maxar Space Systems before its rebranding last month, has been owned by private equity firm Advent International since 2023. The acquisition is expected to close early next year, pending regulatory approvals.

Industry experts see this deal as a clear example of the “New Space” companies merging with traditional “Old Space” firms to diversify and strengthen their market position. According to space industry analyst Dr. Jane Smith, “This acquisition allows Intuitive Machines to leverage proven satellite technologies, positioning itself as a key player in defense and commercial space sectors.”

What does this mean for the future? The move hints at increased competition in space-based military and commercial services, with companies aiming to offer more comprehensive solutions beyond lunar missions.

David Nield

Dave is a freelance tech journalist with over 20 years covering gadgets, apps, and the web. From Stockport, England, he covers news, features, and reviews for TechRadar, focusing on phones, tablets, and wearables. He ensures top weekend breaking news and has bylines at Gizmodo, T3, PopSci, and others. He edited PC Explorer and The Hardware Handbook for years. Read me on x.com or linkedin.