Sunday, June 21, 2026
  • 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 NA Magazine > 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

Kroger to pay $1.2 billion in opioid settlement
News

Kroger reports 2% earnings boost driven by higher sales

U.S. fuel prices hit $4 a gallon
News

Gas prices fall below $4 per gallon following Iran deal

Intel stock jumps 27% on strong earnings and outlook
News

Intel jumps 11% after Trump announces partnership with Apple on U.S. chip design

Analyst: Not cutting rates will be an ’embarrassment’ for Fed
News

Fed expected to hold rates steady at Warsh’s inaugural meeting

CME Group CFO Lynne Fitzpatrick to become CEO
News

CME Group CFO Lynne Fitzpatrick to become CEO

Nvidia debuts next generation of AI chips
News

Nvidia plans to raise $20 billion in debt sale

Amazon taps SpaceX for satellite launch 
News

SpaceX stock rises 20% in first full day of trading

Roku to fire 10% of employees
News

Fox to acquire Roku for $22 billion

France must eliminate tech ‘sales tax’ or risk facing 100% wine tariffs
News

France must eliminate tech ‘sales tax’ or risk facing 100% wine tariffs

Softbank purchases 25% stake in Arm Ltd.
News

SoftBank rises 12% on Iran-U.S. deal

No Result
View All Result

Recent Posts

  • Kroger reports 2% earnings boost driven by higher sales
  • Nearly 80% of data center capacity is at elevated risk to climate hazards like flooding and fire, study says
  • AI-Enabled Transformation Starts—and Stops—With the CEO
  • Gas prices fall below $4 per gallon following Iran deal
  • Intel jumps 11% after Trump announces partnership with Apple on U.S. chip design

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

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.