The talented entrepreneur Elon Musk does not see it very rosy and sees SpaceX possibly going bankrupt.
SpaceX is one of Elon Musk’s companies. Officially called Space Exploration Technologies Corp. It is as we know an American space transportation company based in Hawthorne, California. It develops missiles for reuse. When they come back to Earth whole again. It sometimes happened that this did not go well. SpaceX designs, tests and manufactures most parts itself. But the CEO has emailed employees that Raptor engine production is lagging so far behind that the company is “at a real risk of bankruptcy.”
Space X could go bankrupt according to Musk
The e-mail is owned by, among others, SpaceExplored. The Raptor engines are a key component for SpaceX’s Starship rocket. With this, people will have to go to the moon. Making the rockets takes and lasts. And that costs a lot of money, which Musk is concerned about. The missiles have already been tested, several times in fact.
Musk is ambitious and to make his company profitable, a Startship must be launched every two weeks next year. That is not possible at the moment. The missiles are also important to the Starlink satellites. These provide the internet. The current satellites form a “financially weak” network, according to Musk.
production
It was already known that the production had problems. So now Musk comes with the message that it is even worse than previously known. “We need all hands to recover from this situation, which is frankly a disaster,” Musk wrote. It’s unclear if the company is really in trouble. SpaceX itself has not yet made an official statement.
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