SpaceX CEO Elon Musk has warned his employees of the real risk of bankruptcy while urging them to work on the company's Raptor engine over the weekend to speed up production, according to a report.
Musk said in an email seen by The Verge that the Raptor production crisis is much worse than it seemed a few weeks ago. SpaceX hopes to one day transport cargo and people to the moon and Mars with the help of the raptor's engine. The company has flown several short test flights while testing prototypes at a facility in southern Texas.
They have turned out to be far more severe than reported as we have dug into the issues after the exit of prior management. The email said there was no way to sugarcoat this.
Musk also stated that he was going to work on the Raptor all night and over the weekend instead of taking the weekend off as planned. He asked employees without critical family matters to work, saying it was time for all hands-on-deck.
If we can't get enough reliable Raptors made, the consequences for SpaceX is that we can't fly Starlink Satellite V 2 Falcon has neither the volume nor the mass needed to fly the satellite V 2 Satellite V 1 is financially weak, while V 2 is strong, Musk said.
Early in the month, Musk had said he expected Starship to be launched for the first time in January, provided regulatory approvals were given by the Federal Aviation Authority FAA. At the same time, the company has not assuming any international collaboration or external funding, with the company not assuming any international collaboration or external funding, according to CNBC.
SpaceX has raised billions of dollars for Starship and its satellite Internet project Starlink over the past several years.