Intuitive Machines has closed its previously announced purchase of Lanteris Space Systems (formerly Maxar Space Systems) for approximately $800 million before closing adjustments. The transaction, first revealed in November 2025, was structured with $450 million in cash and $350 million in newly issued Class A common shares. By integrating Lanteris’s proven spacecraft manufacturing capabilities—covering LEO, MEO and GEO platforms for missile warning, Earth observation and space domain awareness—Intuitive Machines becomes a vertically integrated prime contractor. Management expects the combined company to pursue multi-domain government and commercial contracts more competitively, with immediate opportunities in the U.S. Space Force’s layered satellite architecture, NASA’s Artemis lunar initiatives and future Mars telecommunications networks. Steve Altemus, CEO, highlighted the addition of flight-proven production at scale to the firm’s existing lunar landing expertise, noting this positions the company to deliver end-to-end mission solutions across cislunar space.

Defiance ETFs has introduced the Defiance Daily Target 2X Long LUNR ETF (LUNL), designed to deliver twice the daily percentage change of Intuitive Machines’s share price. The fund offers active traders magnified exposure via swap and options contracts, targeting 200% of the security’s single-day performance. With an emphasis on short-term tactical positioning, the ETF resets its leverage each trading session and comes with a stated objective of daily correlation—rather than longer-term returns—reflecting risks of compounding and market volatility. The launch adds to Defiance’s suite of single-stock leveraged products and is supported by Tidal Investments as adviser. The prospectus warns that the fund may incur significant losses if the underlying share price declines, and it is recommended only for knowledgeable investors able to monitor their positions daily.