Intuitive Machines, Inc. to acquire COMSAT LLC

Intuitive Machines, Inc. has agreed to acquire COMSAT LLC in a strategic acquisition valued at $10 million. The transaction, which was announced on 14 May 2026, involves the purchase of the target company through a cash consideration. Both the buyer and the target are based in the United States, operating within the technology sector. This deal represents a direct acquisition where Intuitive Machines, Inc. takes full ownership of COMSAT LLC, consolidating its position in the market. The headline offer price of $10 million reflects the agreed value for the entire business at the time of the announcement.

The transaction was completed on 3 August 2026, marking the successful conclusion of the acquisition process. All regulatory and closing conditions were satisfied within the timeframe between the announcement and completion dates. The deal structure was straightforward, with no complex earn-outs or equity swaps involved, relying solely on cash payment. This completion signifies that Intuitive Machines, Inc. now fully controls COMSAT LLC and its associated assets. The transaction is now final and legally binding.