secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001193125-25-263400
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 2.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Machines to acquire Lanteris Space Systems for $800M; Q3 revenue $52.4M
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- Acquisition of Lanteris (formerly Maxar Space Systems) for $800M ($450M cash + $350M stock at $12.34/share); expected close Q1 2026.
- Combined entity pro forma: revenue >$850M, positive Adj. EBITDA, $920M backlog as of Sept 30, 2025.
- Q3 2025 standalone: revenue $52.4M, net loss ($10.0)M, Adj. EBITDA ($13.2)M; cash $622M after $345M notes.
- Q4 revenue expected in line with Q3 (~$52M) due to government shutdown uncertainty; 2026 combined outlook in early 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000119312525263400/0001193125-25-263400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000119312525263400/d17822d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-263400

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer