According to SpaceX CEO Elon Musk, the production of SpaceX's Raptor engines that will be equipped to its upcoming launch vehicle called Starship may cause SpaceX to face bankruptcy.
In an email obtained by Space Explored that was sent out to SpaceX staff over the Thanksgiving weekend by Musk, the CEO explains that the lack of Raptor engine product has caused a situation that has turned into something much worse than it was a few weeks ago. Musk describes the situation as a "crisis", and says he will be working on the Raptor production over the Thanksgiving weekend and requests any SpaceX staff that have free time to assist him.
"Unless you have critical family matters or cannot physically return to Hawthorne, we will need all hands-on deck to recover from what is, quite frankly, a disaster", reads the email. The email continues and mentions that the Raptor engines required to launch Starship is needed to launch V2 Starlink internet satellites as V2 Starlink satellites cannot be attached to SpaceX's current launch vehicle workhorse the Falcon 9. Starlink is needed to get V2 Starlinks into orbit, which SpaceX is relying on as cash inflow.
"Satellite V1, by itself, is financially weak, while V2 is strong. In addition, we are spooling up terminal production to several million units per year, which will consume massive capital, assuming that satellite V2 will be on orbit to handle the bandwidth demand. These terminals will be useless otherwise," per Space Explored.
"What it comes down to is that we face a genuine risk of bankruptcy if we can't achieve a Starship flight rate of at least once every two weeks next year."
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