Intuitive Machines: Ledger

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2 deals

Advanced Navigation raises $158 million Series C round with NRFC backing

Navigation technology firm Advanced Navigation has banked a $158 million Series C, with Airtree leading and Quadrant plus the NRFC taking part, funding global expansion and Australian manufacturing scale-up.

SmartCompany Wed 18 Mar 2026 Advanced Navigation Anduril BHP Intuitive Machines NASA NRF Corporation Rheinmetall AirTree Ventures Quadrant Private Equity Chris Shaw David Gall Kelland Reilly Malcolm Turnbull

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Funding announcement

Towards 3% R&D – Reach for the Moon to innovate by Xavier Orr

Opinion piece by Advanced Navigation's CEO in an @AuManufacturing series arguing for space R&D investment, citing the company's $5.2 million Australian Space Agency grant and Space Machines' satellite launch.

@AuManufacturing Wed 1 May 2024 Advanced Navigation ANU Australian Space Agency BDO Intuitive Machines Michael Johnson Associates NASA RAAF SmartSat Cooperative Research Centre Space Machines Company UNSW Canberra Space Xavier Orr

Funding announcement

Moon-bound manufacturer says prestige projects help remedy skills shortages

Podcast interview in which Advanced Navigation co-founder Xavier Orr discusses the company's new Botany factory, lunar landing sensors, a reported billion-dollar Series B valuation, and hiring in a tight skills market.

@AuManufacturing Mon 30 Oct 2023 Advanced Navigation Airbus Apple Google Intuitive Machines Our Innovation Fund UTS Tech Lab Chris Shaw Xavier Orr

4 deals

Manufacturing news briefs – stories you might have missed

Manufacturing briefs roundup: WA government commits $5m to space facility Fugro SpAARC; Starpharma and Micro-X receive R&D tax refunds; Bulla licenses Violet Crumble for ice cream; SCEE wins $50m in contracts.

2 deals

AROSE and EPE to design lunar rovers following grant awards

Two Australian consortia, AROSE and one involving EPE and Lunar Outpost Oceania, each received a four million dollar grant under the Space Agency's Trailblazer programme to design lunar rover prototypes.

@AuManufacturing Mon 20 Mar 2023 Australian Remote Operations for Space and Earth Australian Government EPE Fugro Intuitive Machines Lunar Outpost Oceania Meanwhile industry minister Husic also announced that National Aeronautics and Space Administration MIT Nova Systems Rio Tinto Western Australian government Woodside Energy Australian Space Agency Bill Nelson Ed Husic Leanne Cunnold Pamela Melroy Sam Forbes

Series B $108m

KKR backs Aussie robotics company in blockbuster $108m raise

US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.

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Intuitive Machines

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