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SpaceX: Elon Musk, CEO of the group, worries about a “serious” risk of bankruptcy

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In an internal memo sent the day after Thanksgiving to SpaceX employees, Elon Musk, the group’s CEO, warns of a “serious” road bank risk.

Space X, the company specializing in the field of astronautics and space flight, will she soon be closed? In an internal note sent the day after Thanksgiving to SpaceX employees, Elon Musk, the group’s CEO, warns of a “serious” risk of bankruptcy.

According to the email, of which the American channel CNBC was able to have a copy, the richest man in the world describes a dire situation due to a delay in the development of the program. Raptor. Indeed, Raptor engines are powering the massive new generation Starship rocket, the launcher that will someday replace the Falcon 9. “The Raptor production crisis is much worse than it appeared a few weeks ago,” Musk wrote.

Lack of profitability

Despite the successes chained by SpaceX, the founder of Tesla announces “a real risk of bankruptcy if we cannot achieve a Starship theft rate of at least once every two weeks next year”. But to leave the surface of the Earth, these new generation rockets will need 39 Raptor engines each, which requires a large increase in engine production. “The consequences for SpaceX if we can’t make enough reliable Raptors is that we can’t fly Starship, which means we can’t fly the Starlink V2 satellite,” laments the CEO. In order to avoid bankruptcy, Elon Musk tries to re-mobilize the troops by asking them to work during the holidays. “We’re going to need all hands on deck to catch up on what is, frankly enough, a disaster,” he wrote.

Internal crisis

This letter, revealed by CNBC, lifts the veil on the importance of the crisis experienced by SpaceX after the dismissal of Will Heltsley, former vice president of the company in charge of propulsion.

While SpaceX is worth $ 100 billion, the company suffers in particular from the lack of profitability of its flagship Starship project. The latter should, among other things, allow Internet access to the entire planet via its constellation of Starlink satellites.

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