Tuesday, October 21, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Elon Musk warns of Space X bankruptcy

Elon Musk warns of Space X bankruptcy

in News
Crypto Boom Poses New Challenges to Financial Stability
Share on LinkedinShare on WhatsApp

Elon Musk sent an internal email to employees of his space development company SpaceX warning that a crisis in the production of the Raptor engine could tip the company into bankruptcy.

“Unfortunately, the Raptor production crisis is much worse than it had seemed a few weeks ago,” wrote Musk in the email first reported by Space Explored. “As we have dug into the issues following the exiting of prior senior management, they have unfortunately turned out to be far more severe than was reported. There is no way to sugarcoat this. I was going to take this weekend off, as my first weekend off in a long time, but instead, I will be on the Raptor line all night and through the weekend.”

The problems with the Raptor engine production threaten to ripple down to the launch program for the Starlink V2 satellites – a system of low-orbit satellites delivering internet communications services. The launch of the V2 satellites is urgent according to Musk because satellite  V1 “is financially weak.”

The V2 satellites would require the launching of a Starship rocket using a Raptor engine once every two weeks in 2022 to avoid the risk of bankruptcy, according to the tech mogul.

“The magnitude of the Starship program is not widely appreciated,” wrote Musk in a tweet on Wednesday. “It is designed to extend life to Mars (and the moon), which requires ~1000 times more payload to orbit than all current Earth rockets combined.”

(By Feike de Jong)

Tags: BankruptcyElon MuskSpace XWarns

Related Posts

Coca-Cola ‘stayed flexible’ to achieve solid Q3 results
News

Coca-Cola ‘stayed flexible’ to achieve solid Q3 results

Octave Klaba returns as OVHcloud CEO
News

Octave Klaba returns as OVHcloud CEO

GM stocks rise as company raises full-year guidance
News

GM stocks rise as company raises full-year guidance

Kering and L’Oréal forge new  $4.66 billion alliance
News

Kering and L’Oréal forge new  $4.66 billion alliance

White House Economic Adviser Kevin Hassett says U.S. could take further stakes in industries
News

White House Economic Advisor says shutdown could end this week

China ‘violated’ trade agreement with US, Trump says
News

Trump to resume trade talks with China

US stock exchanges end week up
News

Dow futures drop 300 points as record sell-offs continue

Trump strikes tariff deal with Merck KGaA
News

Trump strikes tariff deal with Merck KGaA

United Airlines CEO Scott Kirby says prolonged U.S. shutdown could harm industry
News

United Airlines CEO Scott Kirby says prolonged U.S. shutdown could harm industry

Salesforce lowers outlook during CFO transition
News

Salesforce posts Q2 win, increases 2030 forecast

No Result
View All Result

Recent Posts

  • From the Granite State to Cyberspace: Connection tells CEO-NA about its 4-decade journey
  • Coca-Cola ‘stayed flexible’ to achieve solid Q3 results
  • GM stocks rise as company raises full-year guidance
  • Will Fed Cuts Lower Mortgage Rates?
  • ‘We’re not going to wait for one company’: NASA chief suggests SpaceX may be booted from moon mission

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.