Intuitive Machines announced it has completed its acquisition of Goonhilly Earth Station Limited (UK) and COMSAT LLC (US), expanding its space infrastructure with a global network of ground stations. This strategic acquisition is intended to enhance the company's deep space communications capabilities and support upcoming missions.
Key Details
- Goonhilly (UK) Acquisition: The deal for Goonhilly Earth Station Limited was completed for an aggregate consideration of £37.0 million, split equally between cash and 960,649 shares of Class A common stock.
- COMSAT (US) Acquisition: COMSAT LLC was acquired for a base cash purchase price of $10 million, with the final amount subject to post-closing adjustments for cash, debt, and working capital.
- Strategic Impact: The acquisition provides Intuitive Machines with major ground station assets in the UK and US, expanding its space data network and customer base to support future missions like IM-3 and Altus-1.