Why does Elon Musk tell his colleagues that SpaceX is threatened with bankruptcy?

The situation is so dire, Musk said in an internal email, that SpaceX will need to achieve a spacecraft launch rate of one flight every two weeks for the next year to avoid financial catastrophe.

Elon Musk has set goals for Starship and Starlink that are currently out of his reach. In question, the company is not prepared to increase its production of the next generation Raptor engine. “The Raptor production crisis is much worse than it looked a few weeks ago,” he adds.

Montage with a photo of the Starship test that ended in explosion in December 2020 and the SpaceX logo – Credits: Wikimedia, SpaceX

The panic ensues when Will Heltsley, former vice president of propulsion at SpaceX,
He left the company the previous month due to a lack of development around the propellant in question.

Raptor reactors are not ready

Raptors reactors are of utmost importance to the continuation of SpaceX projects. They must eventually power the Starship rocket, as well as its Super Heavy boosters, which the company plans to use to reach the moon. Each ship will need Raptors in large numbers. Only for the first stage thruster, called Super Heavy, 33 will be needed. As for the upper stage spacecraft, known as Starship, 6 engines will be integrated into it.

Also Read> SpaceX Starlink: Elon Musk Announces Upcoming Beta Phase Launch

Starship rockets are crucial to launching the next generation of Starlink satellites. The richest man in the world describes them as the key to SpaceX’s financial success and wants to launch its first orbital flight in January 2022. If the company cannot start production of Raptor, that means it “cannot stop flying Starlink Satellite V2 “.

Elon Musk doesn’t want his employees to go on vacation

However, the billionaire’s words must be weighed. While the first test for the latest Starship prototype, the SN20, was unsatisfactory in November, SpaceX has raised nearly $ 350 million from investors. By the end of the year, SpaceX will likely have raised more than $ 2.3 billion in 2021 alone. An IPO.

Simply put, Spacex is much stronger than Elon tries to lead his collaborators to believe. This email, if it shows real difficulties, is probably just pressure on SpaceX employees to convince them not to take a Thanksgiving vacation.

Source: Space

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