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Stock impact report

Houston's Intuitive Machines aims to be ‘national asset' in space after Lanteris, KinetX deals [Yahoo! Finance]

Intuitive Machines, Inc. - Class A (LUNR) 
Company Research Source: Yahoo! Finance
Crain recently discussed the company's vision after Intuitive Machines announced two acquisitions within the past three months. (Brett Coomer/Staff photographer) Intuitive Machines has announced two acquisitions within the past three months as the company pushes beyond moon landers to become a one-stop shop for building, delivering and operating spacecraft. The Houston-based company announced an $800 million deal on Tuesday to buy satellite manufacturer Lanteris Space Systems, formerly Maxar Space Systems. A month earlier, it completed a $30 million acquisition (before closing adjustments) of deep space navigation company KinetX. These acquisitions move the company closer to becoming a "national asset" for NASA and national security, said Tim Crain, co-founder and chief growth officer for Intuitive Machines. GROWTH: Intuitive Machines takes over Collins Aerospace lease, expands at Houston Spaceport "We want them to look at Intuitive Machines as this new space prime (contract Show less Read more
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