Intuitive Machines completes KinetX acquisition for $30M

Intuitive Machines (LUNR) completed its previously announced acquisition of KinetX, which specializes in deep space navigation, systems engineering, and constellation mission design. The acquisition enhances Intuitive Machines’ ability to provide customers secure, reliable communications and precision navigation for lunar and interplanetary missions by combining its data service platform with KinetX deep space navigation technology. The stock acquisition was completed for $30M before closing adjustments, including approximately $15M in cash and approximately 1,400,000 shares of Intuitive Machines common stock. With a track record supporting NASA and other leading space agencies, KinetX is certified by NASA for deep space navigation and has supported some of the most ambitious planetary missions in history, including navigation services to Mercury, Pluto, asteroids, and the Moon. KinetX expertise in deep space navigation and mission planning enhances Intuitive Machines’ ability to deliver end-to-end space data relay solutions for lunar and interplanetary missions.