Intuitive Machines completes $30 million acquisition of KinetX

HOUSTON - Space technology company Intuitive Machines, Inc. (NASDAQ:LUNR), currently valued at $1.88 billion and showing a strong 41% surge over the past six months, has completed its acquisition of deep space navigation specialist KinetX, Inc. for $30 million before closing adjustments, the company announced Wednesday.

The transaction, which was previously announced, includes approximately $15 million in cash and about 1.4 million shares of Intuitive Machines common stock. According to InvestingPro data, the company maintains a healthy financial position with more cash than debt on its balance sheet and a robust current ratio of 3.7, indicating strong liquidity to support such strategic investments.

KinetX specializes in deep space navigation, systems engineering, and constellation mission design. The company is certified by NASA for deep space navigation and has supported major planetary missions to Mercury, Pluto, asteroids, and the Moon.

The acquisition aims to enhance Intuitive Machines’ capabilities in providing secure communications and precision navigation for lunar and interplanetary missions by combining its data service platform with KinetX’s navigation technology.

"By uniting deep space navigation and data services, we’re giving customers the confidence to securely operate across the solar system with precision and autonomy," said Intuitive Machines CEO Steve Altemus in the press release statement.

The deal extends Intuitive Machines’ infrastructure presence across Houston, Phoenix, Maryland, and other U.S. locations. The company states this aligns with opportunities in civil exploration, national security space, and future Mars telecommunications programs.

Intuitive Machines successfully landed its Nova-C class lunar lander on the Moon earlier this year, marking the United States’ return to the lunar surface since 1972. The company completed a second lunar landing mission at the lunar south pole in 2025.

The company focuses its operations on three areas: Delivery Services, Data Transmission Services, and Infrastructure as a Service. With annual revenue of $226 million and significant growth potential, investors can access detailed analysis and 10+ additional ProTips through InvestingPro’s comprehensive research reports, helping them make informed decisions about this emerging space technology leader.

In other recent news, Intuitive Machines Inc. reported a significant miss in its Q2 2025 earnings, with both earnings per share (EPS) and revenue falling short of market expectations. The company posted an EPS of -$0.045, compared to the anticipated $0.01, and revenue of $50.3 million, below the forecasted $68.46 million. Additionally, Intuitive Machines announced the pricing of $300 million in convertible senior notes due in 2030, an increase from the initially planned $250 million offering. The notes carry an interest rate of 2.500% and are offered to qualified institutional buyers. Canaccord Genuity subsequently lowered its price target for Intuitive Machines from $19.00 to $18.50, maintaining a Buy rating on the stock. The price target adjustment came after the completion of a $345 million convertible debt offering. The notes are convertible at a price representing a 25% premium over the company’s recent closing price. These developments reflect the company’s ongoing financial strategies and market reactions.

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