https://www.cnbc.com/2021/11/30/elon...ankruptcy.html
Elon Musk tells SpaceX employees that Starship engine crisis is creating a ‘risk of bankruptcy’
Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket.
He described a dire situation the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC.
“The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote.
“We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year,” Musk added later.….
Musk’s email to SpaceX employees provides more context to the significance of former vice president of propulsion Will Heltlsey’s departure earlier this month. Heltsley was taken off Raptor development,
CNBC reported, with Musk noting in his email that the company’s leadership has been digging into the program’s problems since then – and discovering the circumstances “to be far more severe” than Musk previously thought.….