It is strange that the name of the world's
richest man, Elon Musk, and bankruptcy is being mentioned in one sentence. Musk has just warned
that a financial crisis is imminent for SpaceX if the Raptor Engine Program is not hastened.
A warning from Tesla’s CEO cannot be ignored as he almost had a first-hand experience when Tesla was
almost going bankrupt in 2017. Musk has challenged SpaceX employees to work even during the weekend
to ensure that the Raptor Engine Program is a success. The tech genius led by example when he
canceled his plans of taking an off during the Thanksgiving weekend to personally work on the
project. The multi-talented genius was forced to swing into action when the architect of Raptor
Engine Development Program, Mr. Will Hetesley, resigned from SpaceX.Mr. Will Hetesley also served
as the Vice President in charge of Propulsion. It is during this period that he realized that
the Raptor Engine Project is in a big mess and puts SpaceX at the brink of bankruptcy.
The Raptor Engine and Its Influence on SpaceX’s Bankruptcy
First, what is the Raptor Engine? The Raptor Engine is an important component of the Starship
Rocket. The Starship Rocket is superior to the Falcon 9 Rocket. Elon Musk’s SpaceX uses
the Falcon 9 rocket to send Satellite v1 into orbit. SpaceX's founder and CEO have termed
the Satellite V1 as being financially weak. As such, the team at SpaceX has come up with
a Satellite V2 which is more powerful than satellite V1. The current Rocket,
Falcon 9 does not have the mass and volume to send the financially strong satellite v2 into space.
As a result, SpaceX is developing a mammoth rocket that will have the capacity and strength to send
Satellite V2 into orbit. That new super rocket is the Starship which will require 39 Raptor Engines
to operate. Therefore, Elon Musk is worried that if the Raptor Engine Program is not fastened,
SpaceX will not be able to launch the Starship Rocket. This means
that SpaceX will be unable to send the financially strong satellite V2 into space.
Since the Satellite V2 is launched by the Starship it is commonly known as the Starlink Satellite.
Secondly, how does the Raptor Engine relate to SpaceX’s Financial Woes? It is simple. The Raptor
Engine is the critical technology that will propel Starlink satellites into space. Does
SpaceX need the Starlink satellites to make money? Yes, it does. SpaceX's Starlink Satellites will
provide fast and reliable internet to whichever place on the earth. SpaceX has started getting
some financial gains as the Starlink satellite internet services have attracted more than 140,000
subscribers. Each subscriber pays $99.9 per month. You can now open your calculator and
do the math. Did you get $ 14 Million? Guess so. $ 14 Million is not enough money for a man worth $
255.2 billion. You now understand why the business tycoon is worried. Actually, he is not worried.
He is working hard to ensure that he sends more Starlink satellites to space by using Starlink
Rocket which is propelled by 39 Raptor Engines. It can be simply said that SpaceX's CEO wants to get
returns on profit after heavily investing in the Starship and Starlink Projects. Musk is determined
as never before and will not allow the Raptor Engine to hinder him from financial success.
Musk will ultimately solve the Raptor Engine issue and launch SpaceX into financial freedom.
SpaceX’s Heavy Financial Investment SpaceX is likely to face bankruptcy as
it has invested heavily in both the Starship and Starlink Projects. In the recent past,
Starlink has used more than $100 billion on both projects. Hence the worry of the company facing
hard financial times if it does not get its return on investment in good time. Elon is pushing SpaceX
employees to work extra hours to achieve the Raptor Engine Project in good time. Starlink’s CEO
perfectly understands that time is money. As such, SpaceX must utilize their time well if they are to
avoid a money crisis (bankruptcy) in the future. Who will celebrate when SpaceX becomes Bankrupt?
Jeff Bezos will be all smiles when SpaceX goes bankrupt. Jeff Bezos will have a chance
of dominating Space through his Blue Origin Company when SpaceX collapses. The Blue Origin
Company is a great rival of Space X. Even the CEOs of both companies are great competitors.
Elon Musk is the richest man while Jeff Bezos is the second richest man. Amazon's CEO was not a
happy man when Elon Musk became the richest man briefly in January 2021. It is interesting how
Elon Musk amassed so much wealth when the World Economy was facing a crisis from the effect of
the Covid-19 pandemic. But wait, how soon will it be for Bezos to Overtake Musk as the richest man?
It will be quite a tall order since Elon Musk is leading with US $ 255.2 billion while Jeff
Bezos comes at a distant second with $ 193.3 billion. As Jeff is probably praying very
hard for SpaceX to go bankrupt, Elon is working very hard to ensure that he conquers the moon
and achieves financial success. Jeff's Blue origin was not happy when SpaceX was awarded a contract
of $ 2.9 Billion by NASA. America's Space Agency (NASA) contracted SpaceX on the use of Starship to
help achieve the Artemis III moon landing project. Is Musk qualified to Warn SpaceX of Bankruptcy?
SpaceX's CEO is more than qualified to warn his company of the impending bankruptcy.
The school of life has taught the accomplished businessman of bankruptcy when Tesla was on the
verge of collapsing in 2017. He did learn his lesson in a hard manner. That is why he can see
the impending financial collapse ahead of time. Isn't Education just the best teacher?
Musk did not need to consult an Economist or Financial Analyst to advise him on the financial
future of SpaceX. He is actually an Economist from Pennsylvania University. That is why he is
a voice of reason regarding the financial position of SpaceX. He also graduated with an undergraduate
in Physics from the same university. His Physics knowledge helps him to understand how the Raptor
Engine should be produced. His economics knowledge helps him to analyze and advise on the financial
performance of SpaceX. He just has the right mix of education that qualifies him to advise SpaceX.
Musk endeavors to use education as a weapon of fighting poverty. Ooh no. He is actually not
poor. So he uses his education as a weapon to fight BANKRUPTCY for his SpaceX company.
Now, that makes more sense. Elon is just applying the idea of Former South African President,
the late Nelson Mandela. He just had to borrow those words from his patriarchs. But why?
Elon Musk has his roots in South Africa. Did you know that Elon Musk was born in South Africa?
I thought you should know. SpaceX's CEO has a rare combination of experience and
relevant knowledge that makes him the best man to warn SpaceX of bankruptcy. It is also ironic
that he also has the best mental strength and capability to help SpaceX avoid bankruptcy.
No doubts. He is in the serious business of helping SpaceX avoid a financial crisis.
How will SpaceX financially benefit from the Starship?
The Starship is a reusable massive rocket that will financially benefit SpaceX when
it is finished. The state-of-the-art rocket will be used to send payloads and customers to Mars.
Customers will have to pay a whopping $ 2 Million to travel to Mars. If Elon Musk succeeds in making
Mars a habitable Planet for man, then SpaceX will gain lots of money and will never be at
risk of being bankrupt. You will probably want to visit the red planet once Musk has
transformed it into a life-sustaining planet. You will definitely have to pay lots of money as a
Tourist to that planet. What of guys who would want to be permanent Members of that Planet?
They will just have to hold ‘dual planetship’ just as they hold dual citizenship.
Come to think of the trade that will happen between Earth and Mars.
Space X will deliver many containers to and from Mars in the form of imports and exports.
Sending gifts to Mars for Boxing Day will equally be very expensive. The Starship Shuttles will
bring so much revenue to SpaceX. The Significance of the
Raptor Engine to Elon Musk’s Vision The Raptor Engine is the nerve center of
SpaceX’s Vision of Colonizing Mars. He is ready to beat all odds and take people to the moon.
He also wants to send many satellites into orbit. Only the Mammoth Starship Rocket that
is run by the Raptor Engines can make it a reality. Elon tweeted that SpaceX aims to
produce between 800 to 1000 Raptor Engines per year for the next 10 years. The Raptor Engines
will help him send a fleet to Mars to build a self-sustaining city on the planet by 2050.
The cryptocurrency enthusiast is likely to use his cryptocurrency of Marscoin on the new
planet. When Marscoin becomes a reality, SpaceX will have surmounted its financial woes.