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Thread: SpaceX In Trouble?

  1. 11-30-2021, 04:46 PM #1
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    SpaceX In Trouble?

    Elon Musk says SpaceX faces "genuine risk of bankruptcy".

    In addition, without the Raptor engine, StarLink cannot launch the new version of its satellites.

    On Black Friday, SpaceX CEO Elon Musk sent an anxious email to his company’s employees, urging them to work over the weekend on SpaceX’s Raptor engine line and describing the production situation as a “crisis.” In the email, a copy of which was obtained by The Verge, Musk argued that the company faces a “genuine risk of bankruptcy” if production doesn’t increase to support a high flight rate of the company’s new Starship rocket next year.
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  2. 11-30-2021, 09:34 PM #2
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    Thus far I've seen these private concerns successfully compete with NASA. And, I think we all benefit from that. I hope that continues.

    Hunter
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  3. 12-01-2021, 11:30 PM #3
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    Sounds like to me he’s threatening bankruptcy to leverage creditors. Who knows with that guy
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  4. 12-02-2021, 07:18 AM #4
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    Quote Originally Posted by Honda View Post
    Sounds like to me he’s threatening bankruptcy to leverage creditors. Who knows with that guy
    Is this the same guy who just cashed in a lot of stock he held in his own company?......Ben
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  5. 12-02-2021, 10:32 AM #5
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    I believe that Space X is privately held.

    I have to say that I am a skeptic---if bankruptcy were eminante working the weekend would not forgo such action
    "A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
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