Musk says SpaceX bankruptcy risk 'not impossible'

Musk says SpaceX bankruptcy risk ‘unlikely’ but not impossible

He then went on to say that the magnitude of the Starship program is not fully appreciated

SpaceX CEO Elon Musk. Credit: Reuters Photo

SpaceX CEO Elon Musk on Tuesday said that a potential bankruptcy at the company in the event of a severe global recession would be “unlikely,” but not impossible.

He was replying to an article about the memo he sent to SpaceX employees where he stated the company could face a genuine risk of bankruptcy if Raptor engine problems were not fixed.

Musk replied with a simple “yes” to a tweet about the Raptor production issue being the biggest potential bottleneck while the company is spending huge amounts on Starship and Starlink.

He then went on to say that the magnitude of the Starship program is not fully appreciated.