Strategic Investment Will Advance Satellite Communications, In-Space Data Processing
Intuitive Machines Announces Influx of $175 Million from Global Investors
A group of global institutional investors has made a strategic $175 million investment in Intuitive Machines for the expansion of its Near Space Network Services (“NSNS”) to establish a solar system internet independent of Earth.
“We are building a scalable infrastructure platform from low-Earth orbit to the Moon and into deep space.”
Steve Altemus, Intuitive Machines
Following its acquisition of Lanteris Space Systems (“Lanteris”) in January, Intuitive Machines 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. 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.
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.”
The Company continues to look forward to hearing in the near-term regarding upcoming awards, including NASA’s Lunar Terrain Vehicle Services, the next Commercial Lunar Payload Services award, and follow-on Proliferated Warfighter Space Architecture satellite contracts.
The definitive securities purchase agreement with the institutional investors is for the issuance and sale of the Company’s Class A common stock in exchange for a $175 million equity investment. The transaction is expected to close on February 27, 2026, subject to customary closing conditions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.