A Deep-Space Legacy Meets a Modern Vision
Lanteris Space Systems, once the spacecraft manufacturing arm of Maxar Technologies, brings decades of engineering heritage in large satellite construction. Its proven track record strengthens Intuitive Machines’ ambition to compete head-to-head with the biggest names in aerospace.
For Advent International, which acquired Maxar for $6.4 billion in 2023, the sale marks the next phase of its investment strategy — one that will still see the private equity firm retain an equity stake in Lanteris.
“Our focus over the last two and a half years has been on sustainable growth and national security priorities — including enabling next-generation missile defense for America,” said Shonnel Malani, Advent’s managing partner. “Our ongoing equity partnership underscores confidence in the strength of this business combination and the long-term opportunity ahead.”
The Structure of the Deal
The $800 million transaction includes $450 million in cash and $350 million in Intuitive Machines Class A common stock, subject to adjustments. The companies expect the acquisition to close in the first quarter of 2026, pending regulatory approvals and closing conditions.
The Simpson Thacher legal team leading the deal is spearheaded by partners Anthony Vernace and Mark Viera, while details on the Weil Gotshal counsel team have not yet been disclosed.
