WASHINGTON \u2014 Intuitive Machines says its acquisition of satellite manufacturer Lanteris Space Systems will open new opportunities for the company, from participation in Golden Dome to developing a crewed lunar lander.<\/p>\n
Intuitive Machines announced Nov. 4 that it had reached an agreement with Advent International, the private equity firm that owns Lanteris, to purchase the company for $800 million in cash and stock<\/a>.<\/p>\n On an investor call after the announcement, company executives said buying Lanteris, previously known as Maxar Space Systems, will allow Intuitive Machines to expand beyond its lunar-focused markets, such as landers and relay satellites, into new applications.<\/p>\n \u201cIntuitive Machines is positioned to become the next-generation space prime, applying our demonstrated agility and innovation with Lanteris\u2019 unmatched satellite production scale and proven spaceflight reliability,\u201d said Steve Altemus, chief executive of Intuitive Machines.<\/p>\n \u201cThe transaction represents the next step in Intuitive Machines\u2019 evolution from a lunar-proven space infrastructure company to a vertically integrated space prime provider of choice, serving national security, civil and commercial customers.\u201d<\/p>\n One opportunity Altemus cited is Golden Dome. Lanteris has contracts to provide its Lanteris 300 satellite buses to L3Harris for that company\u2019s Space Development Agency (SDA) awards for Tracking Layer Tranche 1 and Tranche 2 satellites.<\/p>\n Those contracts \u201cunlocked the potential of Lanteris 300 series spacecraft for national security applications and established it as a trusted, competitive supplier,\u201d Altemus said. He added that the combination with Intuitive Machines could amplify that position.<\/p>\n \u201cAs Golden Dome takes shape, the combination of the ingenuity and innovation that Intuitive Machines brings with its systems and communications and navigation schemes, coupled with the very capable satellite buses produced by Lanteris, offers unique solutions that I don\u2019t think are in the market today with any other vendor,\u201d he said. \u201cWe feel like we\u2019re in a good position for the future opportunities coming out of Golden Dome.\u201d<\/p>\n The acquisition also advances Intuitive Machines\u2019 lunar ambitions. Altemus suggested the company may use Lanteris\u2019 capabilities to develop a larger lunar lander, potentially one capable of carrying astronauts.<\/p>\n \u201cWe actually are in a fantastic position to build a team and offer solutions for the Human Landing System. NASA is keenly interested in finding a way to deliver that earlier,\u201d he said. \u201cIntuitive Machines is going to throw our hat in the ring with Lanteris by our side and other companies joining our team. So you can expect an offering from Intuitive Machines.\u201d<\/p>\n It\u2019s currently unclear what ring, if any, Intuitive Machines will be able to throw its hat into. NASA Acting Administrator Sean Duffy announced Oct. 20 that the agency would \u201copen up\u201d the existing Artemis 3 contract to competition<\/a>, but so far that means only seeking acceleration options from Blue Origin and SpaceX and a request for information, which has not yet been publicly released, for other companies.<\/p>\n Another lunar opportunity created by the acquisition could come from using Lanteris\u2019 satellite buses for lunar spacecraft. Altemus said that while Intuitive Machines is building the first three satellites for a lunar communications relay constellation to serve NASA and other customers, future spacecraft may be built by Lanteris.<\/p>\n \u201cWe anticipate in that lunar constellation that there will be more demand and more customers for the satellites as we move forward over the coming three or four years, and so we\u2019re anticipating that need and providing more capability for size, weight and power on those buses,\u201d he said. That could include providing cislunar space domain awareness capabilities using those satellites.<\/p>\n He added that using larger Lanteris satellites for the lunar constellation \u201ccan prove out the capability for Mars data relay, and essentially those satellites would be precursors to Mars data relay satellites in the future.\u201d<\/p>\n