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Rocket trouble risks bankrupting SpaceX


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Elon Musk has warned staff at SpaceX that the company faces a “genuine risk of bankruptcy” if it cannot fix its rocket engines by next year.

Mr Musk’s space venture, which is developing the superheavy Starship rocket that the billionaire hopes will one day transport people to Mars, is said to be in crisis as it struggles to solve a problem with the craft’s engines.

In an email to staff, the Tesla chief executive said issues with the engine were “far more severe than was reported” and that the company’s solvency was at risk if it could not achieve at least one launch every two weeks in 2022.


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