Musk comments on potential SpaceX bankruptcy

Billionaire businessman Elon Musk has discussed the possibility of SpaceX’s demise, saying it is “impossible” under reasonable circumstances amid reports of “production” problems plaguing the company’s Raptor engines.

Commenting on Tuesday’s alleged crisis, Musk described SpaceX’s shortcomings, saying that the global economic downturn and other problems for the company could signal the end, although it was known that it would not happen.

“If the global economic downturn had disrupted the flow of money / space while SpaceX wasted billions on Starlink & Starship, then reimbursement, even if possible, would not have been possible.” he said in a tweet.

The letter came in response to a report about an email that Musk allegedly sent to employees at SpaceX and received and a news page, Space Explored, in which the company’s founder expressed serious concerns about the Raptor engine used by his Starship technology.

“Unfortunately, the Raptor manufacturing problem is much worse than it appears a few weeks ago,” he said in a text message, telling employees about the company “They will need both hands on the roof to recover from what is, in fact, a disaster.”

The downside, is that we face a real bankruptcy threat if we do not get a Starship flight at least once every two weeks next year.

READ MORE: Musk writes creative articles on ‘supply chain nightmare’

Musk did not confirm that the email was true to Space Explored, although he did not dispute his truthfulness in responding to the online report, instead reiterating whether the company could go on a rampage.

The released email also noticed “departure of senior managers” concerned with the Raptor project, possibly referring to the departure of two company executives earlier this month, earlier. reports and CNBC. Vice President of SpaceX, Will Heltsley, is said to have been removed from the Raptor team. “due to lack of progress” before quitting his job.

Musk also added interest to his online comment Tuesday. When asked about “Raptor Thing” and a Twitter user, he replied “Under construction” without explanation, triggering a storm of questions from interested observers.

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