Aerospace & Defense
Intuitive Machines' Q2 FY2026 revenue surged over 300% to $206.2 million primarily from the Lanteris acquisition, while net loss widened to $46.4 million amid contract losses and EchoStar-related credit exposure.
Key risk: EchoStar bankruptcy credit and contract exposure
Lanteris had approximately $10.1 million of accounts receivable and $41.4 million of orbital receivables associated with EchoStar-affiliated entities as of June 30, 2026. Although no incremental credit-loss provision was recorded, adverse developments in the Chapter 11 proceedings could trigger credit losses, delayed collections, or contract disruptions.