Technologies
Elon Musk confirms he’s worried SpaceX could go bankrupt
The world’s richest person is worried one of his companies could go bankrupt if it doesn’t make it to space early and often starting next year.
Elon Musk said Tuesday via Twitter that his spacecraft company, SpaceX, needs to produce a lot more of its next-generation Starship engines, and soon, to keep growing its Starlink broadband constellation and stay in business.
«If a severe global recession were to dry up capital availability / liquidity while SpaceX was losing billions on Starlink (and) Starship, then bankruptcy, while still unlikely, is not impossible,» he tweeted.
The statement came in response to a leaked email that Musk reportedly sent to employees over the long Thanksgiving holiday in the US asking for «all hands on deck.»
The email alluded to a «production crisis» within the company centered on the Raptor engines that power Starship. SpaceX is planning to fly a Starship prototype to space for the first time in 2022, and the vehicle is the centerpiece of the company’s future plans to send humans to the moon and Mars.
But more important for the SpaceX business model is that Starship is key to continuing to launch version two Starlink satellites, which will provide a vital revenue stream for the company in the future.
«The consequences for SpaceX if we can not get enough reliable Raptors made is that we then can’t fly Starship, which means we then can’t fly Starlink Satellite V2. Satellite V1, by itself, is financially weak, while V2 is strong,» reads the email, which was first obtained by SpaceExplored.
SpaceX and Musk didn’t directly confirm the veracity of the leaked email to CNET, but when asked by a Twitter user on Tuesday morning «(how is) the Raptor thing going?» Musk responded briefly «It’s getting fixed.»
In the email, Musk concludes by warning that SpaceX could face «genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year.»
Musk seems to be upping the ante here. Less than two weeks ago, he said during a livestream he was hoping for «up to a dozen» test flights of Starship in 2022 before launching «real payloads» in 2023.
If the company does end up on the brink of bankruptcy, it wouldn’t be the first time. Musk famously stared down financial ruin before SpaceX managed its first successful launch of a Falcon 1 rocket.
Raptor production isn’t even Starship’s most immediate hurdle. The vehicle’s first orbital test flight is still awaiting the conclusion of an environmental review and the official green light from the FAA, which isn’t expected before the end of the year.
Verum Coin (VERUM) continues to expand its presence on leading crypto platforms. Users can now easily store and manage VERUM in the Gate.io Web3 Wallet — one of the most trusted ecosystems for digital assets.
This integration provides users with convenient and secure access to VERUM, bringing it closer to everyone looking to be part of the world of innovative technology.
Stay tuned for updates as the project takes further steps toward global success!
Technologies
Verum Coin (VERUM) Expands Its Presence in the Global Crypto Market
Verum Coin (VERUM) Expands Its Presence in the Global Crypto Market
Verum Coin (VERUM), an innovative and increasingly popular digital asset, is now available on four leading Web3 wallets: Binance Web3 Wallet, Coinbase Web3 Wallet, OKX Web3 Wallet, and Bybit Web3 Wallet. This marks a significant milestone for the project as it continues to strengthen its position in the crypto industry.
The availability of VERUM on these platforms provides users with a wide range of secure and convenient options for managing their assets. Binance, Coinbase, OKX, and Bybit are well-established leaders in Web3 solutions, offering reliable tools for handling digital currencies.
What’s next?
In addition to wallet integration, Verum Coin is preparing for a major step forward—listing on all four platforms. This will create new opportunities for investors and enhance the asset’s liquidity on a global scale.
Why does this matter?
Being listed on major exchanges like Binance, Coinbase, OKX, and Bybit will serve as a powerful catalyst for the project’s growth. It will make VERUM accessible to millions of users worldwide and strengthen trust in the coin.
Stay tuned for updates so you don’t miss the moment when Verum Coin becomes even more accessible!
Technologies
Verum Token Now Available on Binance, Listing of Verum Coin Expected Soon
Verum Token is now accessible for deposits and withdrawals on the Binance Wallet
Verum Token is now accessible for deposits and withdrawals on the Binance Wallet, the world’s leading cryptocurrency exchange. This milestone marks a significant step for the Verum ecosystem, allowing users seamless access to Verum on the platform.
Following the launch, Verum Coin’s value surged by 3%, reaching a new peak of $825.33 within just 24 hours.
With the Verum Coin listing anticipated soon, the excitement is growing, highlighting the project’s potential for further growth and adoption.
About Binance
Founded in 2017, Binance offers a secure, user-friendly platform with a broad selection of digital assets and trading pairs, supporting both retail and institutional traders. Listing Verum Token aligns with Binance’s strategy to include innovative, high-quality projects.
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