World's richest man Elon Musk warns of SpaceX 'bankruptcy' unless Starship engine 'production crisis' for missions to Mars is solved Elon Musk warned employees that they needed to solve the problem with their Starship engine production or else the company could face bankruptcy
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Elon Musk, the world's richest man and CEO of both SpaceX and Tesla, told employees that the aerospace company could face bankruptcy if they did not produce Raptor engines more frequently, according to a SpaceX email obtained by CNBC.
Musk was reportedly angry with the lack of progress on his Starship rocket engines which are meant to be used on missions to the moon and Mars.
'The Raptor production crisis is much worse than it seemed a few weeks ago,' Musk wrote just before the Thanksgiving holiday.
'We face genuine risk of