lunar economy

A long-shot plan to mine the Moon comes a little closer to reality

The road ahead

Meyerson said the company’s current plan is to fly a prospecting mission in 2027, a payload of less than 100 kg, likely on a commercial lander that is part of NASA’s Commercial Lunar Payload Services program. Two years later, the company seeks to fly a pilot plant. Meyerson said the size of this plant will depend on the launch capability available (i.e., if Starship is flying to the Moon, they’ll go big, and smaller if not).

Following this, Interlune is targeting 2032 for the launch of a solar-powered operating plant, which would include five mobile harvesters. The operation would also be able to return material mined to Earth. The total mass for this equipment would be about 40 metric tons, which could fly on a single Starship or two New Glenn Mk 2 landers. This would, understandably, be highly ambitious and capital-intensive. After raising $15 million last year, Meyerson said Interlune is planning a second fundraising round that should begin soon.

There are some outside factors that may be beneficial for Interlune. One is that China has a clear and demonstrated interest in sending humans to the Moon and has already sent rovers to explore for helium-3 resources. Moreover, with the exit of Jared Isaacman as a nominee to lead NASA, the Trump administration is likely to put someone in the position who is more focused on lunar activities. One candidate, a retired Air Force General named Steve Kwast, is a huge proponent of mining helium-3.

Interlune has a compelling story, as there are almost no other lunar businesses focused solely on commercial activities that will drive value from mining the lunar surface. In that sense, they could be a linchpin of a lunar economy. However, they have a long way to go, and a lot of lunar regolith to plow through, before they start delivering for customers.

Athena landed in a dark crater where the temperature was minus 280° F

athena, intuitive machines, lunar economy, Space / Mike M. / March 14, 2025

The Athena spacecraft was not exactly flying blind as it approached the lunar surface one week ago. The software on board did a credible job of recognizing nearby craters, even with elongated shadows over the terrain. However, the lander’s altimeter had failed.

So while Athena knew where it was relative to the surface of the Moon, the lander did not know how far it was above the surface.

An important detail, that. As a result, the privately built spacecraft struck the lunar surface on a plateau, toppled over, and began to skid across the surface. As it did so, the lander rotated at least once or twice before coming to a stop in a small, shadowed crater.

“The landing was kind of like sliding into second base,” Steve Altemus, chief executive officer of Intuitive Machines, which built the lander, said in an interview Thursday.

Cold and lonely

It has been a busy and tiring week for the chief of a company that seeks to help lead the development of a lunar economy. Expectations were high for this, the company’s second lunar landing attempt after its Odysseus vehicle became the first private spacecraft to ever make a soft landing on the Moon, last year, before toppling over.

In some ways, this mission was even more disappointing. Because Athena skidded across the lunar surface, it dredged up regolith. When it came to a stop, some of this material was blown up into the solar panels—already in a sub-optimal location on its side. The spacecraft’s power reserves, therefore, were limited. Almost immediately, the team at Intuitive Machines knew their spacecraft was dying.

“We knew we had slid into a slightly shadowed crater, and the temperature was very cold,” Altemus said. “The solar arrays had regolith on them, and they weren’t charging, the ones pointing up, enough to give us sufficient power to power the heaters to keep it warm enough to survive.”

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