HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Elon Musk reportedly warn...

Tue Nov 30, 2021, 02:56 PM

Elon Musk reportedly warned that SpaceX faces the 'risk of bankruptcy' from lack of Starship engine

SpaceX CEO Elon Musk says the company's Raptor program is in "crisis" and poses a major threat to the entire space venture.

Musk said he is upset with the lack of progress on the Raptor engines that power its Starship rocket in a company-wide email that was sent out the day after Thanksgiving and later obtained by CNBC's Michael Sheetz. The news was first reported by Space Explored.

"We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year," Musk said, according to CNBC's report.

SpaceX did not respond to a request for comment from Insider. But, Musk has faced the very real possibility of bankruptcy in the past. The CEO has said his other business venture, Tesla, was only a month away from bankruptcy when it was ramping up production of the Model 3 between 2017 and 2019.

While SpaceX is currently the second-most valuable private company in the world, the success of Raptor engine production represents a crucial part of the future of the company, including Musk's plan to populate Mars. SpaceX is developing Starship, a massive next-generation spaceship, as a means to launch people and cargo to Mars and the moon. To date, the company has only tested out the rocket on short test flights at its facility in Texas, as Starship will need as many as 39 Raptor engines to power it for orbital launches.

https://news.yahoo.com/elon-musk-reportedly-warned-spacex-155856498.html

Well, Elon, it is rocket science, you know...

17 replies, 853 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 17 replies Author Time Post
Reply Elon Musk reportedly warned that SpaceX faces the 'risk of bankruptcy' from lack of Starship engine (Original post)
Zorro Nov 2021 OP
onecaliberal Nov 2021 #1
bigtree Nov 2021 #2
exboyfil Nov 2021 #3
Zorro Nov 2021 #5
electric_blue68 Nov 2021 #4
Leith Nov 2021 #6
Generic Other Nov 2021 #7
USALiberal Nov 2021 #9
Leith Nov 2021 #11
Klaralven Nov 2021 #14
USALiberal Nov 2021 #17
sarcasmo Nov 2021 #15
JT45242 Nov 2021 #8
Edim Nov 2021 #10
msongs Nov 2021 #12
Claire Oh Nette Nov 2021 #13
XRubicon Nov 2021 #16

Response to Zorro (Original post)

Tue Nov 30, 2021, 02:58 PM

1. And all of the money he spent wasted. How much good it could have done for people.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 03:04 PM

2. standard appeal for donations

...sky falling appeal.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 03:08 PM

3. My SIL is a Muskite

My daughter agreed to them purchasing a Tesla. It doesn't have the represented mileage range in Iowa, and he took "her" Subaru to see his parents leaving her with either the Tesla she doesn't trust or their old Ford Escape to visit a friend last weekend.

You want the low down on Musk, then watch Thunderfoot's Youtube channel. He is not entirely fair, but he he is close.

The King of Vaporware.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to exboyfil (Reply #3)

Tue Nov 30, 2021, 03:16 PM

5. I've driven Teslas cross-country eight times now

Not sure why a Tesla's range would be constricted, unless it's the lack of available supercharging stations combined with cold weather.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 03:09 PM

4. I believe in Spaceflight. And Elon pay it with your OWN $$$$$$$$!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 03:27 PM

6. He says that like it's a threat

Really, how many of us would give a flying fuck if his little spaceman fantasy costs him billions? Surely he can't think that it matters to most of us? Zephram Cochrane* he ain't.

* Gratuitous Star Trek reference. See the movie Star Trek First Contact for more information.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Leith (Reply #6)

Tue Nov 30, 2021, 03:48 PM

7. Mudd

Another gratuitous reference.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Leith (Reply #6)

Tue Nov 30, 2021, 04:16 PM

9. You do realize Nasa is paying him for lots of stuff?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to USALiberal (Reply #9)

Tue Nov 30, 2021, 04:29 PM

11. No, I did not

What is some of the stuff that NASA is paying him for?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Leith (Reply #11)

Tue Nov 30, 2021, 05:38 PM

14. $2.9 billion of stuff

 

On Black Friday, SpaceX CEO Elon Musk sent an anxious email to his company’s employees, urging them to work over the weekend on SpaceX’s Raptor engine line and describing the production situation as a “crisis.” In the email, a copy of which was obtained by The Verge, Musk argued that the company faces a “genuine risk of bankruptcy” if production doesn’t increase to support a high flight rate of the company’s new Starship rocket next year.

The Raptor is SpaceX’s massive methane engine that will be used to propel the company’s next-generation launch system, called Starship. SpaceX plans to use Starship to take people to deep space, and in April, NASA awarded SpaceX a $2.9 billion contract to develop Starship as a lunar lander to transport astronauts to the Moon’s surface as early as 2025. SpaceX has been hard at work developing and testing Starship prototypes at the company’s test site in Boca Chica, Texas, though the company has yet to launch the vehicle to orbit.

SpaceX is currently hoping to conduct Starship’s first orbital launch in either January or February of 2022, according to a presentation given by Musk to the National Academies of Sciences on November 17th. However, according to Musk’s email, SpaceX needs to launch Starship at least once every two weeks next year to keep the company afloat. And apparently, Raptor engine development isn’t on track at the moment.

“I WILL BE ON THE RAPTOR LINE ALL NIGHT AND THROUGH THE WEEKEND”

In the email, first reported by SpaceExplored and CNBC, Musk claimed that after key senior management departed the company, SpaceX personnel looked deeper into issues surrounding Raptor production and found them to “be far more severe than was reported.” Two vice presidents, one of whom worked on Raptor engine development, recently left the company, CNBC reported this month.


https://www.theverge.com/2021/11/30/22809720/elon-musk-spacex-raptor-engine-crisis-bankruptcy-starship

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Leith (Reply #11)

Tue Nov 30, 2021, 08:38 PM

17. Here....

n 2006 NASA announced that SpaceX had won a NASA Commercial Orbital Transportation Services (COTS) Phase 1 contract to demonstrate cargo delivery to the International Space Station (ISS), with a possible contract option for crew transport.[182] Through this contract, designed by NASA to provide "seed money" through Space Act Agreements for developing new capabilities, NASA paid SpaceX US$396 million to develop the cargo configuration of the Dragon spacecraft, while SpaceX self-invested more than US$500 million to develop the Falcon 9 launch vehicle.[183] These Space Act Agreements have been shown to have saved NASA millions of dollars in development costs, making rocket development ~4–10 times cheaper than if produced by NASA alone.[184]

https://en.m.wikipedia.org/wiki/SpaceX

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Leith (Reply #6)

Tue Nov 30, 2021, 05:42 PM

15. Lord wrecks his company, is angling for more free government money.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 04:13 PM

8. another grab for more corporate welfare

while he screamed against regular folks getting support or him paying any actual taxes , he will gladly scam more of our tax dollars to subsidize his Napoleon complex.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 04:22 PM

10. A con man, straight out of a picture book.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 04:36 PM

12. bankruptcy equals cheat people to whom you owe money nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 05:34 PM

13. Pobrecito nino.... nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Zorro (Original post)

Tue Nov 30, 2021, 05:44 PM

16. Here's where he holds up Uncle Sam

For a fortune. This from Mr rugged individualist who doesn't need the government and will "privatize" space travel. Yeah private profits and public losses, same old song and dance from this piece of shit.

Turns out making rocket engines isn't easy or cheap, no one could have known that... .

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread