“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.” SpaceX did not respond to a request for comment.
Last week, Musk reiterated his concerns in public. “Starship is a hard, hard, hard, hard project. It is so preposterously difficult, that there are times where I wonder whether we can actually do this,” he told a conference.
It is easy to brush off these comments as Musk being his typical controversial self, trying to motivate staff just recalled from a rare holiday with their families. But analysts say that what little can be gleaned from SpaceX’s finances suggests a company undeniably burning through cash and reliant on getting high-risk projects done just in time, suggesting a real possibility of bankruptcy.
Despite the huge success of its Falcon 9 rocket series, which is now widely used by NASA and has slashed launch costs, the much larger Starship is a different beast. It will be the tallest rocket ever built – larger than NASA’s Saturn V launchers for the moon landings.
Comment: This man is a hero. pl
Guys like Musk are the engines that drive our economy.
It will be very interesting what we discover about the past of the universe once the Webb telescope is fully deployed. Hopefully the Webb telescope will have a successful launch and commissioning in space. I’ve always been skeptical of the Big Bang as it begets the question- what before it?