Reading the Spacex S-1, there’s a notable footnote (notable in that it’s a unique disclosure amongst all filers in the context it’s presented and is not required by any FASB standard). It calls out that land is not a depreciable asset.

That really didn’t need to be said and it seems to be sourced from memes from Reddit. It is the kind of infantile patronizing feedback you would get if you asked for comments on financial statements from chatGPT.