Elon Musk, CEO of SpaceX has warned that the delays could mean bankruptcy!
SpaceX Faces Critical Delays Elon Musk frightened his employees at SpaceX, in addition to his private shareholders with a recent email. Moreover, Mr. Musk’s email spoke of a potential bankruptcy for the space firm if they do not fix the delays on their new
Musk reportedly has said that his SpaceX executives have since found existing manufacturing delays “to be far more severe” than first believed.
In addition, rumors have swirled that the SpaceX Raptor engine line was facing a severe crisis. But, now Mr. Musk’s email brings to light the worrying rumors.
Many detractors have speculated that the timeline to a Raptor engine completion was murky at best.
Furthermore, others felt the methane-powered engine simply wouldn’t work for long periods of time. In addition, the success of Tesla over the past couple of years has competed with the slower pace of SpaceX.
Furthermore, the Starlink internet deployment of thousands of satellites is taking a financial toll on the firm.