• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, August 15, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech

SpaceX possibility of going bankrupt as Starship engine crisis continues

by Meghana Kandra
December 1, 2021
in Future Tech, News, Space
Reading Time: 2 mins read
0
SpaceX possibility of going bankrupt as Starship engine crisis continues
TwitterWhatsappLinkedin

Elon Mus tells SpaceX employees about the dire crisis of SpaceX’s development of Raptor rocket engines leading to bankruptcy. The email was sent to employees after Thanksgiving, a copy was obtained by CNBC. States, “The Raptor production crisis is much worse than it seemed a few weeks ago.”

You might also like

Ovantica Unveils Festive Season Offers on Certified Refurbished iPhones, Making Premium Apple Devices More Affordable

OpenAI Faces Second Senior Exit Ahead Of IPO As Revenue Chief Denise Dresser Leaves

Navi Ltd. Prepares for IPO, Targets Up to $314 Mn Fundraise

Elon Musk to SpaceX: Starship's Raptor engine crisis risks bankruptcy
Image credits- CNBC

Raptor engines are the most powerful aspect of the spaceship SpaceX is developing. They have been making hundreds of such huge raptors just for testing purposes. Musk stated that the company faces a genuine risk of bankruptcy if it cannot reach the flight rate of at least once every two weeks by 2022.

It is said that Musk is angry with how things are progressing in SpaceX. Especially in reference to the development of Raptor engines being made for Starship. Being a next-generation rocket, Starship is a massive spaceship that can have both cargo and hundreds of people on board. The Spaceship is known to be built to be able to launch for SpaceX’s Mars mission. In the past Musk talked about colonizing Mars with Starship, being able to run on its own resources for longer times. Currently, SpaceX is testing the prototypes in the facility in South Texas. After multiple attempts recently there have been some successful test flights. Each rocket prototype needs around 39 raptor engines, which would mean the company has to boost raptor engine production.

Severe circumstances

Musk’s email gives more context referring to the departure of former Vice President of Propulsion Will Heltsley. Ever since Heltsley’s resignation things have been going down as the company’s leadership is digging into the program’s problems. Only then the circumstances are being discovered to be more severe.

Prior to this Musk planned to take a long Thanksgiving holiday off. However, after the discovery of Raptor’s situation he has been working on the issue personally through Friday night and into the weekend. He stated in the email, “We need all hands on deck to recover from what is, quite frankly, a disaster.”

It is not new to know that the difficult part of building the massive Starship is the production of its parts. The company has constantly worked on launches alongside the development of Starship, especially this year as they had back-to-back launches frequently. On November 17th, Musk stated that SpaceX will hopefully launch the Starship orbital launch by January or February. However, the current discovery was not taken into account during that time. SpaceX has ambitious plans while developing Starship, which is something that is not achieved by any other space company yet.

 

Tags: Elon MuskRaptor engineSpaceXSpaceX bankruptcyStarship
Tweet54SendShare15
Previous Post

US-China tech war: Beijing’s efforts to catch up in advanced chips on hold as country’s attention turns to mature nodes

Next Post

FCA cracks down on crypto sent to terrorist groups; UK may lose millions in taxes on crypto due to El Salvador loophole

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Ovantica Unveils Festive Season Offers on Certified Refurbished iPhones, Making Premium Apple Devices More Affordable

by Shailja Jha
August 14, 2026
0

Ovantica Unveils Festive Season Offers on Certified Refurbished iPhones, Making Premium Apple Devices More Affordable The rush to buy premium smartphones will only increase now that the festive...

Read more

OpenAI Faces Second Senior Exit Ahead Of IPO As Revenue Chief Denise Dresser Leaves

by Ishaan Negi
August 14, 2026
0
OpenAI Faces Second Senior Exit Ahead Of IPO As Revenue Chief Denise Dresser Leaves

OpenAI is facing another major leadership change just days after announcing the departure of Brad Lightcap, with Chief Revenue Officer Denise Dresser leaving the artificial intelligence company after...

Read more

Navi Ltd. Prepares for IPO, Targets Up to $314 Mn Fundraise

by Ishaan Negi
August 14, 2026
0
Navi Ltd. Prepares for IPO, Targets Up to $314 Mn Fundraise

Fintech startup Navi Ltd., founded by former Flipkart co-founder Sachin Bansal, is preparing to formally begin the process for an initial public offering (IPO) in India. The company...

Read more
Next Post
FCA cracks down on crypto sent to terrorist groups; UK may lose millions in taxes on crypto due to El Salvador loophole

FCA cracks down on crypto sent to terrorist groups; UK may lose millions in taxes on crypto due to El Salvador loophole

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

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
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?