Intuitive Machines Target Raised to $25 With $800M Lanteris Acquisition
B. Riley raised Intuitive Machines’ price target to $25 from $20 on February 17, citing growing lunar commercialization demand. The Houston-based company completed its $800 million Lanteris Space Systems acquisition and operates a Near Space Network constellation alongside Nova-C lunar terrain vehicles.
1. Price Target Hike
On February 17, B. Riley raised the price target for Intuitive Machines to $25 from $20, projecting that increasing lunar missions will boost demand for communications, navigation and surface mobility services.
2. Near Space Network and Lunar Vehicles
The company’s Near Space Network constellation delivers space-to-Earth data relay services, while its Nova-C lunar vehicles provide payload delivery and surface mobility capabilities for NASA and commercial clients.
3. Lanteris Acquisition Strengthens Manufacturing
In early 2026, Intuitive Machines closed its $800 million acquisition of Lanteris Space Systems, strengthening its flight-proven manufacturing capacity and accelerating its readiness for large-scale lunar infrastructure projects.