8-KCurrent report
Material agreement
✓ VerifiedIntuitive Machines closed its Goonhilly Acquisition on August 3, 2026, acquiring COMSAT LLC for a $10 million base cash price and Goonhilly Earth Station Limited for £37.0 million split equally between cash and stock.
7.01 Reg FD disclosure8.01 Other events
Filed Aug 3, 2026 · 16:59 ET
Summary
- On August 3, 2026, Intuitive Machines, LLC acquired all membership interests of COMSAT LLC (formerly Goonhilly Inc.) for a base cash purchase price of $10 million plus expense reimbursement, subject to adjustments for cash, debt, working capital and specified capital expenditures.
- Buyer acquired all issued and outstanding shares of Goonhilly Earth Station Limited, a UK ground station and satellite communications company, for aggregate consideration of £37.0 million split equally between cash and stock.
- The stock portion of the UK Consideration consisted of 960,649 shares of the Company's Class A common stock, and the consideration is subject to post-closing adjustments.
- The Goonhilly Acquisition follows the Share Purchase Agreement dated May 14, 2026 and was previously disclosed in the Goonhilly Signing 8-K.
- The Company intends to leverage the expanded ground station network for its upcoming IM-3 and Altus-1 missions, having previously integrated Goonhilly capabilities into IM-1 and IM-2.
- COMSAT operates a portfolio of over 90 hosted and leased antennas across US and UK-based satellite ground stations.
Key facts
- COMSAT base purchase price
- $10 million
From the filing for COMSAT base purchase price
“acquired all of the issued and outstanding membership interests of COMSAT LLC (formerly Goonhilly Inc.) ("COMSAT") for a base cash purchase price of $10 million and reimbursement of expenses”
- UK Consideration
- £37.0 million
From the filing for UK Consideration
“The aggregate consideration for the UK Acquisition (the "UK Consideration") was £37.0 million, split equally between cash and stock”
- Stock portion
- 960,649 shares
From the filing for Stock portion
“The stock portion consisted of 960,649 shares of the Company's Class A common stock, par value $0.0001 per share.”
- Closing date
- August 3, 2026
From the filing for Closing date
“On August 3, 2026, the Company consummated the Goonhilly Acquisition.”
- SPA date
- May 14, 2026
From the filing for SPA date
“pursuant to the Share Purchase Agreement, dated May 14, 2026, by and among the Company, Buyer and Goonhilly Holdings Limited”
- Target missions
- IM-3 and Altus-1
From the filing for Target missions
“intends to employ its expanded space data network and the Goonhilly ground system for the upcoming IM-3 and Altus-1 missions”
- COMSAT antennas
- over 90 hosted and leased antennas
From the filing for COMSAT antennas
“Via its secure international teleports and portfolio of over 90 hosted and leased antennas, COMSAT provides secure and reliable satellite communications services to customers around the world.”
Why it mattersThe completed acquisition adds UK and US ground station assets and deep space communications capacity to Intuitive Machines' network for lunar and deep space mission support.
- Filed
- Aug 3, 2026
- Accepted
- 2026-08-03 20:59Z
- Period
- Aug 3, 2026
- Accession no.
- 0001193125-26-330778
- Size
- 228 KB
- Index
- Filing index