The company's competitive edge comes from being one of the first private companies to achieve a lunar landing, its deep technical know-how in lander design, and a growing backlog of CLPS missions. With a proven track record, the Company 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 the solar system.
Cyborg Score Rationale
The company faces a negative equity position and an Altman Z-Score of 2.67, placing it in a grey area of financial stress. The stock underperformance lines up with high volatility, investor worries about ongoing operating losses, and negative free cash flow that stayed negative in 2025.
Top Insights
Secured $175 million strategic equity investment in February 2026 following the acquisition of Lanteris Space Systems to expand Near Space Network Services and develop lunar/Martian capabilities.
The announced $800 million acquisition of Lanterra Space Systems is expected to push pro forma revenue above $850 million.
The Athena lander achieved soft landing on March 6, 2025, but landed on its side, precluding recharging and deployment of payloads, with operations concluding less than 13 hours later.
As of Q3 2025, the company reported $52.4 million in quarterly revenue and a backlog of $235.9 million.