Elon says SpaceX faces a “bankruptcy” crisis, but it’s more about pressure than $$$

You’ve got Email... Elon mail. It's the day after Thanksgiving. SpaceX employees are still digesting pecan pie, when Elon Musk sends a company-wide email that would give anyone indigestion: The lack of progress in developing Raptor rocket engines has created a “genuine risk of bankruptcy” for SpaceX. Employees spit out their pie as Elon intensifies:

• Not to make you feel bad, but Elon was going to take his first weekend off in forever, yet instead he’ll be “on the Raptor line all night and through the weekend."
• Cancel Black Friday. Elon’s not sugarcoating it: “We need all hands on deck to recover from… a disaster."

Starships were meant to flyyy... Nicki Minaj's 2012 banger is also the name of SpaceX's next-generation rocket being developed in Texas. Starship will first be used to take humans to the moon for NASA's Artemis program. Then the fully reusable rocket will launch cargo and people on missions to Mars. But before Starship can fly, SpaceX needs to fix issues plaguing production of its Raptor engines.

• Starship rockets are also necessary to launch the next generation of SpaceX’s Starlink satellites. The first gen are major money losers.
• With its Falcon rocket, SpaceX has launched 1.7K first-gen satellites, with 140K customers paying $99/month for high-speed internet. But only Starship can launch the next version.