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Elon Musk points out the circumstances that could bankrupt SpaceX

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December 1, 2021 09:49 GMT

And so the billionaire responded to an alleged leak of an email to him in which he talked about a crisis in the production of Raptor engines.

SpaceX CEO Elon Musk has publicly admitted through his site Twitter account It does not rule out a scenario in which the company could go bankrupt under certain adverse conditions.

He did so in a message posted on Tuesday in response to a tweet citing an purported email from him addressed to SpaceX employees where I have spoken From the risk of bankruptcy due to a production crisis for the Raptor engines, which power the Starship spacecraft.

“If a severe global recession exhausts the availability of capital or liquidity while SpaceX is losing billions in Starlink and Starship, Then bankruptcy, although still unlikely, would not be impossibleEntrepreneur Books.

He cited the case of auto giants General Motors and Chrysler, which “go bankrupt during the last recession.” However, he neither confirmed nor denied the authenticity of the leaked message.

In the letter, Kotb stated that “the Raptor production crisis is much worse than it seemed a few weeks ago.”

“We are facing Real risk of bankruptcy If next year we are not able to achieve a spacecraft flight rate of at least one every two weeks.”

The Starship is a massive next-generation spacecraft being developed by SpaceX to send goods and people on missions to the Moon and Mars. The space company is testing prototypes at a facility in South Texas and has conducted several short test flights.

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However, to move to orbital launches, Prototypes will need up to 39 Raptor engines, which will require a significant increase in production.

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