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HOUSTON - Lunar technology company Intuitive Machines, Inc. (NASDAQ:LUNR), currently valued at $2.05 billion and trading near InvestingPro’s Fair Value estimate, announced Wednesday it has signed a definitive agreement to acquire Arizona-based aerospace firm KinetX, Inc., strengthening its capabilities in deep space navigation and flight dynamics.
The acquisition, expected to close before the end of 2025, will integrate KinetX’s proprietary navigation software and expertise into Intuitive Machines’ operations. With a strong current ratio of 4.39x and more cash than debt on its balance sheet, Intuitive Machines appears well-positioned to execute this strategic move. KinetX is the only commercial company certified by NASA for deep space navigation and has supported both of Intuitive Machines’ successful lunar missions.
"Bringing KinetX in-house gives us both: flight-proven deep space navigation expertise and the proprietary software behind some of the most ambitious missions in the solar system," said Intuitive Machines CEO Steve Altemus in a press release statement.
KinetX brings over 30 years of experience in navigation, systems engineering, and constellation mission design for government and international customers. Its software has supported missions to Mercury, Pluto, asteroids, and the Moon, while also providing services for defense programs including the IRIDIUM constellation and Mobile User Objective System.
The deal positions Intuitive Machines to expand its Data Transmission Services segment and pursue opportunities in NASA’s Near Space Network Services, potential Tracking and Data Relay Satellite System replacement, Mars data relay missions, and commercial operations of Deep Space Network infrastructure.
Intuitive Machines, which successfully landed on the Moon in 2024 and completed a second lunar south pole mission in 2025, aims to strengthen its position as a provider of end-to-end systems for lunar, Mars, and deep space operations.
Financial terms of the acquisition were not disclosed. The transaction remains subject to customary closing conditions. While the company posted revenue growth of 61.5% in the last twelve months, analysts expect continued growth ahead. For deeper insights into Intuitive Machines’ financial health and growth prospects, including 8 additional exclusive ProTips, visit InvestingPro for comprehensive analysis and the detailed Pro Research Report available for this emerging space technology leader.
In other recent news, Intuitive Machines Inc. reported its first-quarter financial results for 2025, with revenues reaching $62.5 million. This marks a 14% increase from the previous quarter, showcasing growth despite a 14% decline compared to the same period last year. The company also achieved a significant milestone by reporting positive free cash flow for the first time. Analysts at Canaccord Genuity responded by raising the stock’s price target to $21.50, maintaining a Buy rating due to the company’s advancements in key programs like the Commercial Lunar Payload Services and Navigation Systems for Next-Generation Spacecraft. Cantor Fitzgerald also increased its price target to $16.00, highlighting Intuitive Machines’ strong positioning in the space economy and its diverse revenue streams. Additionally, the company secured a $9.8 million phase two Orbital Transfer Vehicle government contract, advancing the project through a critical design review. Craig-Hallum initiated coverage of the stock with a Buy rating, citing the increasing U.S.-China competition in space exploration as a factor. These developments reflect growing confidence among analysts in Intuitive Machines’ strategic direction and market potential.
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