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SpaceX to launch asteroid mining spacecraft alongside private Moon lander
SpaceX customer Intuitive Machines says it will use spare capacity on one of its Moon lander launches to send startup AstroForge’s first asteroid prospector spacecraft into deep space.
Intuitive Machines’ second Nova-C Moon lander is scheduled to launch no earlier than (NET) Q4 2023 on a SpaceX Falcon 9 rocket. The IM-2 lander is the primary payload but is only expected to weigh about 1.9 tons (~4300 lb). To take advantage of the rocket performance left on the table by the relatively light payload, Intuitive Machines has opted to include a secondary payload adapter ring (ESPA) located below each lander. That gives companies like AstroForge an opportunity to hitch a ride to high Earth orbit, deep space, and the Moon for a likely unbeatable price.
Built by UK startup Orbital Astronautics, AstroForge’s Brokkr-2 spacecraft will attempt to become the first private vehicle to prospect for resources on an asteroid. It’s also the third rideshare payload announced for Intuitive Machines’ IM-2 mission.
We’re excited to launch these missions and many more to come. More information on this year’s launches: https://t.co/MSR61V8Lh7— AstroForge (@ForgeAstro) January 24, 2023
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Lunar Trailblazer
Coincidentally, the main purpose of the second IM-2 rideshare payload to be announced is to search for resources in space. It isn’t concerned with asteroids, but NASA’s 200-kilogram (440 lb) Lunar Trailblazer spacecraft is designed to find, characterize, and map water ice resources on the Moon. That map could help future missions explore the possibility of turning lunar ice into commodities like breathable oxygen or rocket propellant.
The challenges facing such a concept are extreme, but a rocket propellant depot located on the lunar surface could significantly increase the performance of future Moon landers. Propellant depots in cislunar orbit could also help boost spacecraft further and faster to destinations elsewhere in the solar system.
Tanker-002
The first IM-2 rideshare payload to be announced was OrbitFab’s Tanker-002 spacecraft. It’s unclear if OrbitFab is on track to fly Tanker-002 in late 2023, but the spacecraft is meant to be the first geostationary propellant depot ever launched. The Colorado startup has already won a $13.3 million contract from the US military to refuel satellites in geostationary orbit, 36,000 kilometers (~22,250 mi) above Earth’s surface. It’s possible that Tanker-002 is meant to support that refueling mission.
The spacecraft is designed to carry a few hundred pounds of hydrazine monopropellant, potentially enabling it to extend the useful lives of multiple multimillion-dollar satellites by several years. Alongside IM-2, Falcon 9 will launch Tanker-002 on a lunar flyby trajectory. But thanks to the cooperation of startup GeoJump, instead of entering orbit around the Moon, Tanker-002 will slingshot around the Moon to slow itself down. That lunar slingshot will allow the depot to efficiently enter geostationary orbit, where it can begin refueling spacecraft.
Brokkr-2
Brokkr-2 is the second of two AstroForge spacecraft scheduled to launch in 2023. The first, Brokkr-1, will head to low Earth orbit (LEO) as early as April 2023 on SpaceX’s seventh Falcon 9 rideshare launch. Once in orbit, it will attempt to demonstrate technology AstroForge has developed to refine platinum ore in microgravity conditions. Brokkr-2 will then visit an asteroid and search for platinum resources. If enough platinum is discovered, Bloomberg reports that AstroForge will send a third mission to demonstrate the ability to land on the asteroid. As early as 2025, AstroForge’s fourth mission would be the first to attempt to land, gather ore, turn that ore into platinum, and return the precious metal to Earth.
AstroForge has raised $13 million to date. Unlike failed asteroid mining startups Deep Space Industries and Planetary Resources, the new company intends to exploit increasingly capable off-the-shelf hardware and services to keep its costs as low as possible. In theory, that will allow it to focus most of its resources on developing the unproven technology required to gather and refine space-based resources.
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IM-2
Finally, the IM-2 Nova-C Moon lander’s primary payload is a pair of NASA instruments designed to drill into the lunar surface and analyze the regolith for volatiles. Also known as PRIME-1, the mission will be NASA’s first serious exploration of in-situ resource utilization (ISRU) on the Moon.
The mission is a sort of microcosm of the future of space utilization, which may focus heavily on ISRU and refueling to extend the capabilities of chemically-powered rockets and spacecraft. Lunar Trailblazer will map lunar water resources. Brokkr-2 will attempt to prospect an asteroid for extractable metal. IM-2 will test technologies that could help extract resources from the Moon. And Tanker-002 will be a significant step forward for commercial propellant depots, which could eventually create markets for space resources.
Tesla CEO Elon Musk said that flying cars will be coming to the market, something that his own company has hinted at previously.
Musk said on X, in response to a post that read, “We were promised flying cars and all we got is infinite superintelligence for everyone,” “You will get flying cars.”
You will get flying cars
— Elon Musk (@elonmusk) August 12, 2026
The post rang back to when Musk teased flying and hovering capabilities for the Tesla Roadster, the company’s supercar that has been delayed more times than anyone cares to count. It was set for an unveiling earlier this year, but it was then pushed back to August. There is still no sign of it coming.
However, that does not mean it won’t. But one of the biggest features of the Roadster that was teased was a SpaceX package that featured cold gas thrusters on the rear end that would help with white-knuckle acceleration. Another set would face the ground and would help the Roadster gain small bits of altitude, potentially helpful to jump over obstacles.
Elon Musk hints at Tesla Roadster’s “hovering” abilities in SpaceX package
But it is not a straightforward thing for Musk. As a serial entrepreneur, he tends to spend his time on major disruptors; currently, his largest projects are artificial intelligence and compute power, as well as SpaceX’s launches that will eventually make life multiplanetary.
In the past, he has been critical of flying cars and has been in favor of tunnels, one of the big reasons he started the Boring Company. In 2017 at a TED talk, he said:
“There is a challenge with flying cars in that they’ll be quite noisy. The wind force generated will be very high. Let’s just say that if something’s flying over your head, if there are a whole bunch of flying cars all over the place, that is not an anxiety-reducing situation…You’re thinking, ‘Did they service their hubcap? Or is it going to come off and guillotine me as they’re flying past?'”
However, he’s never been against them. He has also said he’s in favor of both tunnels and flying cars.
Contrary to press reports, I’m not against flying cars. Just said it was important to consider both pros and cons.
— Elon Musk (@elonmusk) March 24, 2015
Most recently, Musk said that anyone who wants a flying car should be able to get one. This was stated last October on the Joe Rogan Experience:
“My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars… I think if Peter wants a flying car, we should be able to buy one.”
Whether the Roadster will be Tesla’s flying car or potentially another one remains in the mind of Musk. Of course, the Roadster will have to make its way to production lines before we find out.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
Tesla CEO Elon Musk says flying cars are coming
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
