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Investing.com -- Intuitive Machines (NASDAQ:LUNR) stock rose 4% Thursday morning following the company’s announcement that it has signed a definitive agreement to acquire KinetX, a specialized aerospace company with extensive experience in deep space navigation.
The acquisition strengthens Intuitive Machines’ capabilities as an end-to-end provider of lunar and deep space systems and marks its expansion into precision navigation and flight dynamics operations. KinetX is the only commercial company certified by NASA for deep space navigation and has already supported both of Intuitive Machines’ lunar missions with its proprietary navigation software.
"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 the announcement.
The Arizona-based KinetX brings over 30 years of experience in delivering navigation services, systems engineering, and constellation mission design to government and international customers. Its systems have supported major programs including the IRIDIUM constellation and various U.S. defense initiatives.
Intuitive Machines plans to integrate KinetX’s software and talent into its Data Transmission Services segment, positioning the company to pursue opportunities in NASA’s Near Space Network Services, Mars data relay missions, and commercial operations of legacy Deep Space Network infrastructure.
The financial terms of the acquisition were not disclosed in the announcement.
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