News
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.
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 engineers deflected calls from Apple on a daily basis while the tech giant was developing its now-defunct electric vehicle program, which was known as “Project Titan.”
Back in 2022 and 2023, Apple was developing an EV in a top-secret internal fashion, hoping to launch it by 2028 with a fully autonomous driving suite.
However, Apple bailed on the project in early 2024, as Project Titan abandoned the project in an email to over 2,000 employees. The company had backtracked its expectations for the vehicle on several occasions, initially hoping to launch it with no human driving controls and only with an autonomous driving suite.
Apple canceling its EV has drawn a wide array of reactions across tech
It then planned for a 2028 launch with “limited autonomous driving.” But it seemed to be a bit of a concession at that point; Apple was not prepared to take on industry giants like Tesla.
Wedbush’s Dan Ives noted in a communication to investors that, “The writing was on the wall for Apple with a much different EV landscape forming that would have made this an uphill battle. Most of these Project Titan engineers are now all focused on AI at Apple, which is the right move.”
Apple did all it could to develop a competitive EV that would attract car buyers, including attempting to poach top talent from Tesla.
In a new podcast interview with Tesla CEO Elon Musk, it was revealed that Apple had been calling Tesla engineers nonstop during its development of the now-defunct project. Musk said the engineers “just unplugged their phones.”
Musk said in full:
“They were carpet bombing Tesla with recruiting calls. Engineers just unplugged their phones. Their opening offer without any interview would be double the compensation at Tesla.”
Interestingly, Apple had acquired some ex-Tesla employees for its project, like Senior Director of Engineering Dr. Michael Schwekutsch, who eventually left for Archer Aviation.
Tesla took no legal action against Apple for attempting to poach its employees, as it has with other companies. It came after EV rival Rivian in mid-2020, after stating an “alarming pattern” of poaching employees was noticed.
There are a lot of Tesla bulls out there who have astronomical expectations for the company, especially as its arm of reach has gone well past automotive and energy and entered artificial intelligence and robotics.
However, some of the most bullish Tesla investors believe the company could become worth $100 trillion, and CEO Elon Musk does not believe that number is completely out of the question, even if it sounds almost ridiculous.
To put that number into perspective, the top ten most valuable companies in the world — NVIDIA, Apple, Alphabet, Microsoft, Amazon, TSMC, Meta, Saudi Aramco, Broadcom, and Tesla — are worth roughly $26 trillion.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Cathie Wood of ARK Invest believes the number is reasonable considering Tesla’s long-reaching industry ambitions:
“…in the world of AI, what do you have to have to win? You have to have proprietary data, and think about all the proprietary data he has, different kinds of proprietary data. Tesla, the language of the road; Neuralink, multiomics data; nobody else has that data. X, nobody else has that data either. I could see $100 trillion. I think it’s going to happen because of convergence. I think Tesla is the leading candidate [for $100 trillion] for the reason I just said.”
Musk said late last year that all of his companies seem to be “heading toward convergence,” and it’s started to come to fruition. Tesla invested in xAI, as revealed in its Q4 Earnings Shareholder Deck, and SpaceX recently acquired xAI, marking the first step in the potential for a massive umbrella of companies under Musk’s watch.
SpaceX officially acquires xAI, merging rockets with AI expertise
Now that it is happening, it seems Musk is even more enthusiastic about a massive valuation that would swell to nearly four-times the value of the top ten most valuable companies in the world currently, as he said on X, the idea of a $100 trillion valuation is “not impossible.”
It’s not impossible
— Elon Musk (@elonmusk) February 6, 2026
Tesla is not just a car company. With its many projects, including the launch of Robotaxi, the progress of the Optimus robot, and its AI ambitions, it has the potential to continue gaining value at an accelerating rate.
Musk’s comments show his confidence in Tesla’s numerous projects, especially as some begin to mature and some head toward their initial stages.
Elon Musk
Celebrating SpaceX’s Falcon Heavy Tesla Roadster launch, seven years later (Op-Ed)
Seven years later, the question is no longer “What if this works?” It’s “How far does this go?”
When Falcon Heavy lifted off in February 2018 with Elon Musk’s personal Tesla Roadster as its payload, SpaceX was at a much different place. So was Tesla. It was unclear whether Falcon Heavy was feasible at all, and Tesla was in the depths of Model 3 production hell.
At the time, Tesla’s market capitalization hovered around $55–60 billion, an amount critics argued was already grossly overvalued. SpaceX, on the other hand, was an aggressive private launch provider known for taking risks that traditional aerospace companies avoided.
The Roadster launch was bold by design. Falcon Heavy’s maiden mission carried no paying payload, no government satellite, just a car drifting past Earth with David Bowie playing in the background. To many, it looked like a stunt. For Elon Musk and the SpaceX team, it was a bold statement: there should be some things in the world that simply inspire people.
Inspire it did, and seven years later, SpaceX and Tesla’s results speak for themselves.
Today, Tesla is the world’s most valuable automaker, with a market capitalization of roughly $1.54 trillion. The Model Y has become the best-selling car in the world by volume for three consecutive years, a scenario that would have sounded insane in 2018. Tesla has also pushed autonomy to a point where its vehicles can navigate complex real-world environments using vision alone.
And then there is Optimus. What began as a literal man in a suit has evolved into a humanoid robot program that Musk now describes as potential Von Neumann machines: systems capable of building civilizations beyond Earth. Whether that vision takes decades or less, one thing is evident: Tesla is no longer just a car company. It is positioning itself at the intersection of AI, robotics, and manufacturing.
SpaceX’s trajectory has been just as dramatic.
The Falcon 9 has become the undisputed workhorse of the global launch industry, having completed more than 600 missions to date. Of those, SpaceX has successfully landed a Falcon booster more than 560 times. The Falcon 9 flies more often than all other active launch vehicles combined, routinely lifting off multiple times per week.
Falcon 9 has ferried astronauts to and from the International Space Station via Crew Dragon, restored U.S. human spaceflight capability, and even stepped in to safely return NASA astronauts Butch Wilmore and Suni Williams when circumstances demanded it.
Starlink, once a controversial idea, now dominates the satellite communications industry, providing broadband connectivity across the globe and reshaping how space-based networks are deployed. SpaceX itself, following its merger with xAI, is now valued at roughly $1.25 trillion and is widely expected to pursue what could become the largest IPO in history.
And then there is Starship, Elon Musk’s fully reusable launch system designed not just to reach orbit, but to make humans multiplanetary. In 2018, the idea was still aspirational. Today, it is under active development, flight-tested in public view, and central to NASA’s future lunar plans.
In hindsight, Falcon Heavy’s maiden flight with Elon Musk’s personal Tesla Roadster was never really about a car in space. It was a signal that SpaceX and Tesla were willing to think bigger, move faster, and accept risks others wouldn’t.
The Roadster is still out there, orbiting the Sun. Seven years later, the question is no longer “What if this works?” It’s “How far does this go?”
Tesla engineers deflected calls from this tech giant’s now-defunct EV project
Tesla to a $100T market cap? Elon Musk’s response may shock you
