Intuitive Machines Inc. (NASDAQ:LUNR) soared by 12.46% on Wednesday after finalizing the acquisition of spacecraft manufacturer Lanteris Space Systems for $800 million. The deal included $450 million in cash and $350 million in Intuitive Machines Class A common stock, solidifying its presence in the global space industry.

CEO Steve Altemus described the acquisition as a pivotal moment for Intuitive Machines, combining their lunar operational expertise with Lanteris’ manufacturing capabilities to become a comprehensive space solutions provider. Lanteris’ satellites support various military and civilian applications, enhancing Intuitive Machines’ portfolio and positioning in key space initiatives.

The acquisition also bolsters Intuitive Machines’ ability to support upcoming space projects like the Golden Dome, Space Development Agency, NASA’s Artemis program, and future Mars missions. While LUNR shows investment potential, other AI stocks may offer higher returns and lower risk. For more insights, check out our report on the best short-term AI stock.

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Read more at Yahoo Finance: Intuitive Machines (LUNR) Jumps 12.5% on Lanteris Buyout Completion