His fortune is estimated at $ 295 billion.. The richest man in the world does not rule out the bankruptcy of his company

SpaceX CEO Elon Musk said that the possibility of his company going bankrupt, in the event of a severe global recession would be out of the question, but not impossible.

Musk responded to a report about the memo he sent to SpaceX employees, in which he stated that the company could face a real risk of bankruptcy if the problems with the Raptor engine were not fixed.

This comes as the founder of SpaceX desperately seeks to build a second home for humanity on Mars.

His space company runs round-the-clock operations to develop the Starship/Super Heavy launch vehicle that will enable humanity to build a permanent base on the Moon and the first colony on Mars.

The stainless steel Starship is all new, designed and manufactured by SpaceX engineers.

Perhaps even more complex are Starship's methane-fuelled Raptor engines.

Musk aims to increase the thrust and efficiency of the engines to be able to lift the weight of the stainless steel vehicle into low Earth orbit, as well as 100 tons of cargo, and it will become the most powerful and largest rocket in the world.

Musk's plan is to increase Raptor's production rate enough to conduct a spacecraft flight "at least once every two weeks" in 2022, according to an email obtained by technology website Space Explorer.

In his letter, Musk wrote, "SpaceX may face "a real risk of bankruptcy, if the production of the Raptor engine is not sufficient for frequent spaceflights."

Musk sent an email to SpaceX employees over the Thanksgiving weekend to discuss the gravity of the situation.

"Unfortunately, the Raptor production crisis is much worse than it seemed a few weeks ago. As we looked into the problems that followed the exit of previous top management, it unfortunately turned out to be more serious than reported," he said.

Follow our latest local and sports news and the latest political and economic developments via Google news