Elon Musk: SpaceX Could Go Bankrupt Unless There’s a Flight Every Two Weeks

Peter_Brosdahl

Moderator
Staff member
Joined
May 28, 2019
Messages
8,893
Points
113
spacex-starship-moon-base-1024x576.jpg
Image: SpaceX



Elon Musk sent an email to employees over the holidays warning that SpaceX is at risk of bankruptcy in the coming year if it doesn’t manage at least one flight every two weeks.



What it comes down to, is that we face a genuine risk of bankruptcy if we can’t achieve a Starship flight rate of at least once every two weeks next year.



This would be a herculean effort to achieve due to weather complications and other moving parts. The good news is that it was valued as a $100 billion dollar company in October following a massive $755 million share sale among its investors. The bad news is that the company has experienced what the CEO called a “Raptor production crisis” after two vice presidents left SpaceX. Raptor is the name of the engine used in the rocket for Starship. The current design uses 37 Raptors.



As we have dug into the issues following the...
Click to expand...

Continue reading...


 
Just come hat in hand to the government, then complain about taxes.
Go broke, its okay too.
 
Chasing your dreams is expensive no doubt. Now Elon is coming to a crossroads. Is he willing to sell off a large portion of tesla to personally bail out space x or will he devalue space x by selling more shares?
 
It's funny how when a game developer only shows concept art it's a problem.
But when a real company shows off something only in concept art and flashy cgi the same people all get mushy and never question the reality of it.
 
MadMummy76 said:
It's funny how when a game developer only shows concept art it's a problem.
But when a real company shows off something only in concept art and flashy cgi the same people all get mushy and never question the reality of it.
Click to expand...
The ones who have issues with concept art would be devastated after not seeing their favorite concept cars never make it to production if they visited enough shows to see them.
 
You must log in or register to reply here.
Become a Patron!
Back
Top