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Elon Musk says SpaceX is in danger of bankruptcy

Elon Musk says SpaceX is in danger of bankruptcy

Credits: UOL

Billionaire SpaceX CEO Elon Musk has revealed that he is not happy with the slow progress SpaceX is currently making in developing the Raptor engines that will be needed to power the company’s prototype spacecraft. To the moon again.

The new information was revealed to the press via an email sent by the company’s CEO. According to him, SpaceX is facing serious new problems in the development of the Starship, since the spacecraft that will be able, in partnership with NASA, to land on the Moon in the future has been called.

In the email, Elon Musk said his company has faced a difficult situation over the past few days: “The current crisis in Raptor production is much worse than it seemed a few weeks ago. We are in real danger of bankruptcy if we fail to achieve the spacecraft’s flight rate at least once every Two weeks for next year.

The so-called Starship is a very ambitious investment by SpaceX and will consist of a type of giant rocket designed to take humans to both the Moon and Mars. The company tested several prototypes recently, and even carried out several test flights, some of which were successful, although one caused an explosion shortly thereafter.

But according to Elon Musk, if the company is not able to make significant advances in the spacecraft flight system, 39 Raptor engines will be needed in each used rocket, which will require a very difficult and expensive production level.

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The recent email that Elon Musk sent to his company’s employees also reveals how the departure of Will Heltsley, the former Vice President of the Payments Industry for SpaceX, has affected the company. Will Heltsley left the company in early November of this year, the company revealed.

Until the moment he left the company, he was responsible for managing the development of the Raptor engine range. However, according to the email sent by Elon Musk, SpaceX executives have begun to investigate more details about the Raptor engine creation program and recently discovered that the crisis facing this sector of the company was more severe than expected.

So far, the CEO of Space-X has not revealed what actions the company will take in an attempt to get around this situation it finds itself in.