Elon Musk announces that SpaceX could be at risk of bankruptcy

File photo. | Credit: REUTERS / Mike Blake (Mike Blake /)

Billionaire Elon Musk has amassed a fortune through his ambitious innovations developed by some of his companies including Tesla, Neuralink and his aerospace company SpaceX; However, things do not seem to be going quite well for the latter, The international media Space Explored released a leaked email in which Musk announced to his employees that SpaceX could be at risk of bankruptcy due to a “production crisis” of its Starship Raptor engines.

Currently the aerospace manufacturing company is preparing its Starship rocket with which the businessman seeks to take humans to space in 2022 and with which he claims to take humanity to Mars; however, the leaked communication would seem to indicate a serious problem SpaceX faces in the production of its Starship Raptor engines, which could affect not only projects such as rockets but also satellites.

In the letter, Musk decides not to beat around the bush and address the point “Unfortunately, the Raptor production crisis is much worse than it looked a few weeks ago. As we delve into the post-departure issues of former senior management, they have unfortunately turned out to be much more serious than was reported. There is no way to sugarcoat this. I was going to take this weekend off, like my first weekend off in a long time, but instead, I’ll be on the Raptor line all night and all weekend. “

As reported by CNBC, this “exit from senior management” is likely to refer to Will Heltsley, as he left the Raptor production due to lack of progress, currently the production of these engines is being directed by Jacob Mackenzie.

File photo.  |  Credit: SPACE X
File photo. | Credit: SPACE X (SPACE X /)

All hands to work

In the communication and on the eve of Thanksgiving, Musk asks employees to “get down to business unless you have critical family matters or cannot physically return to Hawthorne,” as he argues that all possible people are needed to recover from what this businessman considers “a disaster”

In addition to the above, Musk announces that if it did not have enough Raptor engines, the Starship rocket would not be able to take off, which would mean that it would not be able to put the Starlink V2 satellites into orbit since the Falcon launch vehicle does not have enough volume or mass to orbit. satellites, arguing that financially the Starlink V1 models alone are not enough.

Added to this inability to put the satellites into orbit is another problem, as the billionaire warns his employees that “we are increasing the production of terminals to several million units per year, which will consume massive capital, assuming that the satellite V2 will be in orbit to handle bandwidth demand. Otherwise these terminals will be useless. “

To end his email, Musk puts the “cards on the table” and closes with a forceful message: “It all comes down to that we face a real risk of bankruptcy if we cannot achieve a Starship flight rate of at least one. once every two weeks next year. Thanks, Elon “

Given the situation, it is vital for the company to recover from this production crisis, and although this does not generate an imminent risk of bankruptcy by itself (understanding that the company was valued at one hundred billion dollars), Musk seeks with the exposure from the situation suggest that this delay could have consequences for all the other projects of the company.

After the company’s current situation was made public, Musk himself has responded to some comments through his social networks arguing that although the situation does not look good, he is working at maximum capacity to solve this problem.


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