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Elon Musk Warns of SpaceX Bankruptcy Risk: Daily Telegraph

The venture developing the superheavy Starship rocket is said to be in crisis as it struggles to solve a problem with the craft’s engines


SpaceX launch
Friday's mission keeps SpaceX on pace to reach its goal of 52 orbital missions by year's end, nearly doubling its annual launch total. File photo: Reuters.

 

Elon Musk has warned staff at SpaceX that the company faces a “genuine risk of bankruptcy” if it cannot fix its rocket engines by next year, The Daily Telegraph in London reported.

Musk’s space venture, which is developing the superheavy Starship rocket that the billionaire hopes will one day transport people to Mars, is said to be in crisis as it struggles to solve a problem with the craft’s engines.

Read the full report: The Daily Telegraph.

 


 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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