Intuitive Machines to acquire KinetX for $30M; Q2 rev $50.3M (+21% YoY)

Intuitive Machines, Inc.

Acquired KinetX, a space navigation software firm, for $30M in cash and stock; closing expected by Oct 1, 2025.
Q2 revenue $50.3M (+21% YoY); ended quarter with $345M cash, no debt.
FY2025 revenue guidance near low-end of prior outlook; reaffirms positive adjusted EBITDA in 2026.
Expanded production footprint by 140K sq ft; awarded $9.8M national security contract and $10M TX Space Commission award.
Investing in in-house satellite production to support NSNS contract; first satellite deployment planned H2 2026.

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