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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.
Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
