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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 3 sources · 15 days · First seen · Last updated

Intuitive Machines infrastructure and contract expansion

Overview

Intuitive Machines Inc. has undergone significant expansion through both infrastructure acquisitions and new service contracts. The company completed the acquisition of Goonhilly Earth Station Limited and COMSAT LLC, integrating deep-space communication assets in the United Kingdom and the United States to support lunar and deep-space missions.

Following a $500 million stock offering intended to fund research and future acquisitions, the company secured a $600 million contract to develop a multi-satellite communications infrastructure using its IM 1300 satellite platform. This new contract follows a previous NASA engagement valued at up to $4.8 billion for operating a Near Space Network for lunar communications.

Entities

NASA · Intuitive Machines Inc. · Goonhilly Earth Station Limited · COMSAT LLC · Steve Altemus

Timeline

  1. about 14 hours ago

    [BUSINESS] 3 sources
    Intuitive Machines stock rises on $600 million space communications contract

    Intuitive Machines stock jumped over 7% after securing a $600 million contract to build a multi-satellite communications infrastructure in space for an undisclosed customer.

  2. 15 days ago

    [BUSINESS] 3 sources
    Intuitive Machines acquires Goonhilly, COMSAT and launches $500M stock offering

    Intuitive Machines completed the purchase of UK‑based Goonhilly and US‑based COMSAT, boosting its deep‑space network, and announced a $500 million equity offering that sent its shares down over 15%, with funds‑

Sources

brasilemfolhas.com.br · knausport.nl · mommygearest.com