SpaceX’s SEC filings describe lunar satellite factories, electromagnetic launchers, and robotic mineral mining. The founders building space equipment say the science checks out—even if the timeline doesn’t.

The rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.

Musk outlined his vision to investors after SpaceX posted a $542 million loss from its space launch sector in its first quarter as a public company