Intuitive Machines agreed on 14 May to acquire Goonhilly Earth Station, the Cornwall-based provider of lunar and deep-space communications, for £37m in cash and shares, together with its US subsidiary COMSAT.
Why Intuitive Machines, Inc. is buying Goonhilly Earth Station Ltd (and COMSAT)
Intuitive Machines said the 44 antennas would expand its integrated ground-to-space network for national security, defence and commercial satellite customers and support communications for a Moon base and deep-space operations. Goonhilly supported its IM-1 and IM-2 lunar missions.
“Having worked closely with Intuitive Machines for many years, we're delighted to be taking this transformative step in our relationship.”
Deal terms and financing
Half of the £37m was paid in cash and half in 960,649 Intuitive Machines Class A shares. COMSAT was acquired under a separate agreement for a base cash price of $10m plus expense reimbursement, subject to adjustments.
Regulatory approvals and timing
Completion required clearance under the UK National Security and Investment Act 2021 and US FCC approval. The deal completed on 3 August 2026.
Market context
Goonhilly has provided commercial lunar and deep-space communications since 2021 and has supported more than 20 missions for agencies including NASA and ESA. It will remain a UK entity as a wholly owned subsidiary.
