Southbury, USA — May 14 2026



· Goonhilly USA Inc ("COMSAT") today announced that it will be acquired by Intuitive Machines (NASDAQ: LUNR), a space infrastructure leader

· The acquisition is expected to expand Intuitive Machines’ integrated space-to-ground network and communications capabilities

· COMSAT will continue to provide ground-based satellite communication services supporting commercial and government customers while benefiting from expanded investment and resources

Goonhilly USA Inc ("COMSAT") has today announced that it will be acquired by Intuitive Machines, a space technology, infrastructure, and services leader, subject to customary closing conditions.

COMSAT provides satellite communication services through its secure network of teleports in California, Connecticut, and Cornwall, supporting global customers via antenna hosting and leasing solutions.

Upon completion of the transaction, COMSAT’s US and UK-based teleports and experienced workforce will help support Intuitive Machines’ growing ground segment requirements, while continuing to serve its existing commercial and government satellite communications customers worldwide.

Following closing, COMSAT will operate as a wholly owned subsidiary of Intuitive Machines, maintaining its established brand and customer relationships while gaining access to the resources needed to deliver advanced ground‑station solutions at scale with Intuitive Machines.

COMSAT operates alongside Goonhilly Earth Station Ltd in the United Kingdom, serving a geographically diverse and strategically aligned ground segment network spanning North America and Europe. Integrating COMSAT resources into Intuitive Machines is expected to help the company deliver advanced, resilient Earth‑to‑space communications services wherever its customers operate.

Chris Faletra, CEO of COMSAT, said: “Today marks an exciting milestone for COMSAT. Joining Intuitive Machines positions us to accelerate our growth, expand our capabilities, and continue delivering the secure, high-performance ground segment solutions our customers rely on. We are particularly focused on ensuring continuity for our customers while unlocking new opportunities through this partnership.”

Steve Altemus, CEO of Intuitive Machines, said, “COMSAT brings proven ground station capabilities to the Intuitive Machines integrated space to ground network. Integrating these resources enables us to support national security, defense, and commercial satellite operators with a scalable communications architecture that can rapidly adapt to the unique demands of their missions and operations.”

About COMSAT

COMSAT provides secure and reliable satellite communications services through its network of international teleports and a portfolio of over 90 hosted and leased antennas. Its facilities in the United States and United Kingdom support a wide range of customers, including satellite operators, government agencies, and commercial enterprises.

With more than five decades of operational experience, COMSAT is recognized for its high standards of security, customer service, and flexibility.

COMSAT is part of the Goonhilly Group, alongside its sister company Goonhilly, which provides lunar and deep space communications and Space Domain Awareness data. The two organizations share operational infrastructure across the US and UK.

About Intuitive Machines 

Intuitive Machines is a leading space infrastructure company that builds spacecraft, connects networks, and operates infrastructure-as-a-service for commercial, civil, and national security customers.   

With a proven track record across the space domain, the Company, through organic growth and portfolio expansion, has built over 300 spacecraft, delivered over 260 kilograms of payload to the lunar surface, and provided precision navigation expertise that has guided spacecraft across our solar system. 

These capabilities form an integrated Built-Connect-Operate infrastructure service company, enabling customers to achieve mission and campaign outcomes through a single prime solution. Intuitive Machines’ technology has been demonstrated across the space domain and is engineered to support the next century of opportunity in space. 

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Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release should be considered forward looking. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, these forward-looking statements generally are identified by the words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” “strategy,” “outlook,” the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: the proposed transaction with Goonhilly, including the terms, timing, structure, benefits, costs and completion of such transaction; our expectations and plans relating to our missions to the Moon, including the expected timing of launch and our progress in preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our expectations regarding changes to government contracts or programs; our operations, our financial performance and our industry; our business strategy, business plan, andernal control over financial reporting; the U.S. government’s budget deficit and the national debt, as well as any inability of the U.S. government to complete its budget process for any government fiscal year, and our dependence on U.S. government contracts and the available funding by the U.S. government; our failure to comply with U.S. export and import control laws and regulations and U.S. economic sanctions and trade control laws and regulations; uncertain global macro-economic and political conditions and elevated inflation and interest rates; our history of losses and failure to achieve profitability in the future or failure to generate sufficient funds to continue operations; the cost and potential outcomes of pending and any future litigation; our public securities’ potential liquidity and trading; the sufficiency and anticipated use of our existing capital resources to fund our future operating expenses and capital expenditure requirements and needs for additional financing; our ability to successfully identify, complete, integrate, and obtain benefits from any acquisitions, joint ventures and other investments; and other public filings and press releases other factors detailed under the section titled Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”), the section titled Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our most recently filed Quarterly Report on Form 10-Q, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
 
Plans to drive long-term sustainable shareholder value; our expectations on revenue and cash generation. These forward-looking statements reflect the Company’s predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual outcomes or results to differ materially from those indicated by the forward-looking statements in this press release: various risks and uncertainties related to, among other things, the terms, timing, structure, benefits, costs and completion of the transaction with Goonhilly; required approvals to complete the proposed transaction with Goonhilly by the receipt of certain regulatory approvals, to the extent required, and the timing and conditions for such approvals; the satisfaction of the closing conditions to the proposed transaction with Goonhilly; our reliance upon the efforts of our Board and key personnel to be successful; our limited operating history; our failure to manage our growth effectively and to win new contracts; our customer concentration; competition from existing or new companies; unsatisfactory safety performance of our spaceflight systems or security incidents at our facilities; cyber incidents; failure of the market for commercial spaceflight to achieve the growth potential we expect; any delayed launches, launch failures, failure of landers to conduct all mission milestone, failure of our satellites or lunar landers to reach their planned orbital locations, significant increases in the costs related to launches of satellites and lunar landers, and insufficient capacity available from satellite and lunar lander launch providers; our reliance on a single launch service provider; risks associated with commercial spaceflight, including any accident on launch or during the journey into space; risks associated with the handling, production and disposition of potentially explosive and ignitable energetic materials and other dangerous chemicals in our operations; our reliance on a limited number of suppliers for certain materials and supplied components; failure of our products to operate in the expected manner or defects in our products; counterparty risks on contracts entered into with our customers and failure of our prime contractors to maintain their relationships with their counterparties and fulfill their contractual obligations; failure to successfully defend protest from other bidders for government contracts; failure to comply with various laws and regulations relating to various aspects of our business, uncertainty in the regulatory environment and any changes in the funding levels of various governmental entities with which we do business; our failure to protect the confidentiality of our trade secrets and unpatented know how; our failure to comply with the terms of third-party open source software our systems utilize; our ability to maintain an effective system of internal control over financial reporting, and to address and remediate material weaknesses in our int

These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

As a result of a number of known and unknown risks and uncertainties, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. You should not place undue reliance on these forward-looking statements.