How on Earth is Elon Musk’s SpaceX facing bankruptcy? - The Fact Factory

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Wednesday 1 December 2021

How on Earth is Elon Musk’s SpaceX facing bankruptcy?


The richest person in the world is worried about money. Elon Musk, whose net worth is estimated at $310 billion, says his space company faces the threat of going bust. In an email to SpaceX staff that was first obtained by Space Explored, Musk said the firm could go under due to issues producing Raptor rocket engines. The Raptor engines power SpaceX’s Starship rockets, which the company hopes to take people to the moon and Mars. Musk told staff that a “Raptor production crisis” threatens the firm’s future: The consequences for SpaceX if we can not get enough reliable Raptors…

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