In Leaked Email, Elon Musk Says SpaceX Is Facing Bankruptcy

In a leaked email from CEO Elon Musk, he said that the lack of progress towards its Raptor engines puts SpaceX at a "genuine risk of bankruptcy."

2 comments

I expect SpaceX will just get a massive bailout to keep going. This does highlight that free markets simply don't work for large scale innovation. Such things require huge amounts of capital and may not pan out in the end. The only way to fund this kind of innovation sustainably is by using state resources.