SpaceX is on the verge of bankruptcy, according to Elon Musk
SpaceX is said to be on the verge of bankruptcy. In any case, this is what Elon Musk, his boss, announces to his employees in an email sent the day after Thanksgiving, and that CNBC was able to consult. In this message, which draws up a catastrophic assessment of the situation of the space exploration company, the billionaire asks everyone to make efforts.
For Elon Musk, SpaceX’s main problem is how difficult it is to produce the Raptor rocket engines. These engines power the Starship rocket, the big project of the American company. And according to Elon Musk, “Raptor’s production crisis is much worse than it looked a few weeks ago.” “We face a real risk of bankruptcy if we cannot achieve a Starship theft rate of at least once every two weeks next year,” writes the iconic executive.
But for Elon Musk, all is not settled. You just have to roll up your sleeves. Him, the first. He thus indicates that he had planned a long Thanksgiving vacation but that, given his discovery, he will continue to work and invites everyone to make this effort. “Unless you have family emergencies or can physically return to Hawthorne, we’re going to need all hands on deck to catch up on what is, frankly enough, a disaster,” says Elon Musk.
The email comes some time after the dismissal of Will Heltsley, the company’s former vice president in charge of propulsion, recalls Capital. The stakes for the success of the Starship project are crucial. To be profitable, this rocket must be reusable. The rocket and its booster must be recoverable after a landing.
A Starship’s first orbital flight is expected to launch in January or February 2022, Elon Musk announced on November 17. All that is needed is the approval of the American authorities and a good technical preparation.