Intuitive Machines Expands Space Network With Goonhilly Acquisition

Intuitive Machines ( (LUNR) ) has issued an announcement.

On May 14, 2026, Intuitive Machines’ subsidiary agreed to acquire all shares of UK-based Goonhilly Earth Station Limited for £37 million in a cash-and-stock deal, as part of a broader plan to buy Goonhilly’s UK and U.S. operations. The transaction, which is contingent on UK national security clearance, U.S. FCC approval, and completion of a U.S. reorganization, is structured with extensive warranties, indemnities, an escrow, and lock-up on consideration shares, underscoring its strategic importance in building a space-to-ground communications network.

Also on May 14, 2026, the company reported record first-quarter 2026 revenue of $186.7 million, positive adjusted EBITDA of $2.7 million, and a backlog of $1.1 billion, driven largely by its January 13, 2026 acquisition of Lanteris Space Systems and a fifth NASA CLPS task order. Recent contract wins, including a major Space Development Agency award and participation in a U.S. Space Force program, reinforce Intuitive Machines’ growing role in space infrastructure and data services, while management guides to full-year 2026 revenue of $900 million to $1 billion with positive adjusted EBITDA.

The most recent analyst rating on (LUNR) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Intuitive Machines stock, see the LUNR Stock Forecast page.

Spark’s Take on LUNR Stock

According to Spark, TipRanks’ AI Analyst, LUNR is a Neutral.

The score is held back primarily by weak financial performance (losses, cash burn, negative equity, and higher leverage). This is partially offset by strong technical uptrend signals and a positive earnings-call outlook driven by ambitious 2026 guidance and substantial combined backlog, though execution and liquidity risks remain meaningful.

To see Spark’s full report on LUNR stock, click here.

More about Intuitive Machines

Intuitive Machines, Inc. is a diversified space technology, infrastructure, and services company focused on disrupting lunar access economics through delivery services, data transmission services, and infrastructure as a service. The Houston-based group has demonstrated technical credibility with Nova-class lunar landers that soft-landed on the Moon in 2024 and 2025, and is positioning itself as a vertically integrated prime contractor across commercial, civil, and national security space markets.

On May 14, 2026, Intuitive Machines’ subsidiary agreed to acquire all shares of UK-based Goonhilly Earth Station Limited for £37 million in a cash-and-stock deal, as part of a broader plan to buy Goonhilly’s UK and U.S. operations. The transaction, which is contingent on UK national security clearance, U.S. FCC approval, and completion of a U.S. reorganization, is structured with extensive warranties, indemnities, an escrow, and lock-up on consideration shares, underscoring its strategic importance in building a space-to-ground communications network.

Also on May 14, 2026, the company reported record first-quarter 2026 revenue of $186.7 million, positive adjusted EBITDA of $2.7 million, and a backlog of $1.1 billion, driven largely by its January 13, 2026 acquisition of Lanteris Space Systems and a fifth NASA CLPS task order. Recent contract wins, including a major Space Development Agency award and participation in a U.S. Space Force program, reinforce Intuitive Machines’ growing role in space infrastructure and data services, while management guides to full-year 2026 revenue of $900 million to $1 billion with positive adjusted EBITDA.

Average Trading Volume: 13,268,280

Technical Sentiment Signal: Buy

Current Market Cap: $6.98B

See more data about LUNR stock on TipRanks’ Stock Analysis page.