Musk to SpaceX staff — The Raptor “bankruptcy” email
Thanksgiving-weekend email warning the Raptor engine production crisis was “much worse” than thought, and that SpaceX faced “a genuine risk of bankruptcy” without a far higher Starship flight rate.
Unfortunately, the Raptor production crisis is much worse than it had seemed a few weeks ago. As we have dug into the issues following the exiting of prior senior management, they have unfortunately turned out to be far more severe than was reported. There is no way to sugarcoat this. […] What it comes down to is that we face a genuine risk of bankruptcy if we can't achieve a Starship flight rate of at least once every two weeks next year.