Roth says Intuitive Machines’ Lanteris deal increases contracting opportunities

Roth Capital notes Intuitive Machines (LUNR) announced the acquisition of Lanteris Space System from private equity for a cash/share mix to expand its offering to include spacecraft and be better positioned forward for prime contract wins in key national defense, civil, and commercial programs. Reflecting the government shutdown on deal closure timing, Intuitive Machines reported below-consensus Q3 revenue and guided to flat sequential revenue into year-end. Roth is encouraged by increased scale and scope of the combined platform and maintains a Buy rating on the stock.