Elon Musk has said the potential risk of SpaceX going bankrupt due to a severe global recession would be “unlikely” but not impossible. SpaceX CEO said this while replying to an article about the memo on Tuesday. SpaceX employees.
Elon Musk has said that SpaceX could face a potential risk of bankruptcy if the Raptor engine problems are not fixed. He replied with a simple ‘yes’ to a tweet about Raptor production being the biggest potential bottleneck while the company is spending huge amounts on Starship and Starlink.
See Elon Musk’s reply in the tweet below:
Elon Musk said in his reply, “If a severe global recession causes capital availability/liquidity to dry up while SpaceX was losing billions on Starlink and Starship, then bankruptcy, while still not impossible, is not impossible.” “
Musk further said that the magnitude of the Starship program is not fully appreciated.
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