Elon Musk Tersely Addresses SpaceX Bankruptcy Leak

One of the few things that Musk won't wisecrack about is his company's money issues.
The email Musk sent to his employees revealed that the company was on the verge of insolvency. Lack of progress in the development of its Raptor engines, which are needed to get Starship operational, is the key issue and is expected to play an enormous role in the deployment of the next-gen Starlink satellites.
When a user asked about the progress of the Raptor on the social networking site, theTesla Technoking replied tersely.

He wrote that it was getting fixed.

The disaster was called the Raptor Disaster.

If Musk is correct, the situation is dire. He said that the company needs to launch one Starship every two weeks in order to survive. There is a significant obstacle in the way of that ambitious goal and that is the Raptor engine.
The engine's development has fallen behind schedule. Will Heltsley, the former VP of propulsion and head of the Raptor development team, left the company in November.
Musk asked his employees to come back to work during Thanksgiving weekend to help fix the problem that he called a disaster.

The email revealed a number of damning insights about the company, which typically projects itself as a success. The truth may be something else.

More on Musk money matters.

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