Elon Musk (unsplash photo, Instagram / Elon Musk)
Elon Musk is afraid? The richest man in the world told SpaceX employees that a lack of progress in engine production creates a “risk of bankruptcy.” He expressed concern about the Raptor engines in a company-wide memo on Friday, CNBC reported. Musk said engine production was lagging behind and was delaying the progress of Starship and Starlink on which huge sums had been invested.
SpaceX CEO Elon Musk reportedly said in the company’s memorandum that its Raptor program was in “crisis” and expressed an opinion that it posed a major threat to the space project. Precisely after raking in a billion dollars from the sale of Tesla shares.
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“We face a real risk of bankruptcy if we can not keep up with the propulsion of the Starship flight of at least once every two weeks next year,” Musk said, according to the CNBC report. On Twitter, he said he was working on fixing the problem.
Musk has previously faced the possibility of bankruptcy. The CEO said another business venture, Tesla, was just a month away from bankruptcy when it increased production of the Model 3 from 2017 to 2019. While SpaceX is considered the second most valuable private company in the world, the success of its Raptor engine production represents a crucial part From its future, including Musk’s plan to populate Mars.
SpaceX is developing its Starship rocket to launch people and cargo to Mars and the Moon, and Starship will need 39 raptor engines to propel it into orbital launches, CNBC reported. The company tested the rocket only on short flights at its facility in Texas. Musk said in November that SpaceX had planned to launch the starship into orbit by January or February, but production of raptor engines appeared to be lagging behind.
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