On February 25, Intuitive Machines, Inc. announced a $175 million strategic equity investment led by global institutional investors.
Following its acquisition of Lanteris Space Systems in January, the company intends to use this capital to support revenue expansion and investment in technologies to advance communications and data processing networks, including extending flight-proven satellite platforms into those growth markets.
Intuitive Machines intends to invest in expanding its Near Space Network Services (NSNS) and establish a solar system internet independent of Earth. Through investments in the Lanteris platforms, specifically the 1300 series, the company believes it can grow market share in Geostationary Orbit (GEO), expand capability around the Moon, extend capability to Mars, and support emerging high-power on-orbit data processing and edge computing.
The company believes this investment will enhance its ability to win and execute higher margin, recurring revenue programs such as Golden Dome initiatives, Tracking and Data Relay Satellite System (TDRSS), the Mars Telecommunications Orbiter, as well as the evolving space-based orbital data center market, according to Intuitive Machines. In parallel, the company is actively engaging strategic partners across the terrestrial technology sector to align space-based data centers with emerging enterprise demand.
“We are building a scalable infrastructure platform from low-Earth orbit to the Moon and into deep space,” said Intuitive Machines CEO Steve Altemus. “With this investment, we can accelerate the integration of the combined company’s collective capabilities to deliver next-generation data, communications, and space-based infrastructure services.”
Source: Intuitive Machines
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