Sunday, May 31, 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

Costco sells ‘record volumes’ of gas despite rising fuel prices
News

Costco sells ‘record volumes’ of gas despite rising fuel prices

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

U.S.-Iran ceasefire talks cause oil prices to drop 20% from 2026 peak

Dell shares jump 11% on strong earnings and forecast
News

Dell shares surge 40% on AI demand

FTC sues to stop Albertsons, Kroger merger
News

The Commerce Department reports that core inflation is rising while GDP declines

Snowflake shares jump 36% on earnings win
News

Snowflake shares jump 36% on earnings win

The shift from oil isn’t just about being ‘green’ anymore. It’s a massive power move for national security.
News

Oil prices fall 4% following Rubio address

Abercrombie’s earnings win sends shares up 13% 
News

Abercrombie’s earnings win sends shares up 13% 

Lululemon stock falls after holiday guidance
News

Lululemon settles lengthy proxy battle with founder Chip Wilson

Qualcomm to ax 1200 California staffers
News

Qualcomm and TikTok owner agree on chip deal

International Energy Agency says Iran war has caused historic oil market disruption
News

Brent jumps 4% as US strikes Iran

No Result
View All Result

Recent Posts

  • Costco sells ‘record volumes’ of gas despite rising fuel prices
  • U.S.-Iran ceasefire talks cause oil prices to drop 20% from 2026 peak
  • Dell shares surge 40% on AI demand
  • Five good ways to spend your rest days
  • Summer air travel could be rough. Here’s how travelers can prepare.

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.