Sunday, August 23, 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

How U.S. steel and aluminum tariffs would impact Canada’s economy
News

U.S. and Canada near final trade deal as deadline approaches

Samsung to supply EV batteries to Hyundai
News

Samsung expects $80 billion in shareholder returns this year

Bitcoin makes a resurgence, nudging above $71,000
News

Bitcoin on track for 23% weekly gain

Memory Chipmaker SK Hynix Kicks Off $28 Billion US Listing
News

SK Hynix shares jump 12% on large stock buyback

Trump Strikes ‘Renewable’ From National Renewable Energy Lab
News

Trump announces ‘economic warfare’ on Iran

The U.S. Just Had Its Highest Deficit Outside of Major War or Recession
News

U.S. Dollar hits three-month low

Lowe’s sales increase over 10% despite slow housing market
News

Lowe’s cuts annual sales growth forecast

Warning for retailers as Target forcasts slow holiday season
News

Target raises outlook after strong Q2

Trump stock tumbles after notice of new shares
News

Trump pauses 50% scheduled tariffs on Canada

Goldman Sachs reports 22% jump in profits
News

Goldman Sachs to acquire LCN Capital Partners for $410 million

No Result
View All Result

Recent Posts

  • Asia’s next great gourmet destination? Inside Indonesia’s fine-dining revolution
  • Crushing Heat Waves Threaten Monet’s Gardens in Giverny
  • A Handful of Nuts a Day May Help Keep Blood Pressure at Bay
  • U.S. and Canada near final trade deal as deadline approaches
  • Samsung expects $80 billion in shareholder returns this year

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.