Elon Musk’s voiced concerns about SpaceX’s future during a wide-ranging interview with Time Magazine. The SpaceX CEO began by expressing early disappointment about the US Government’s apparent inability to “exceed Apollo.” And it was this frustration that drove Musk’s to build his own space company in an attempt to “hopefully inspire the public”.

However Mr Musk admitted to concerns that SpaceX could fail, saying: “Well I didn’t think I was one of the guys who could do it.

I thought starting SpaceX would be 90 percent likely to fail Elon Musk

“I thought starting SpaceX would be 90 percent likely to fail. “Actually my goal was simply to get the public excited which would get then Congress excited so that they would then appropriate more money and increase NASA’s budget. “And so I was like, okay, I gotta try building a rocket company here. READ MORE: NASA wants You to submit songs for future Moon missions

SpaceX: Elon Musk has admitted to early concerns SpaceX could fail

SpaceX: Frustration about the US' inability to build on Apollo's success motivated Musk

“I thought this was like almost certain to fail. In fact I would not let anyone invest in the company in the beginning ‘cause it was like, I can’t take people’s money. “This is gonna fail. So I actually just funded the whole company in the beginning myself. “Not because I thought it would turn out well, but because I thought it would fail.” READ MORE: Bennu goes TECHNICOLOUR in stunning 3D NASA footage

Will SpaceX use ethanol as rocket fuel? Famed for his quirky Twitter habits, billionaire tech mogul Elon Musk has once again caused quite a stir as he wrote: “Technically, alcohol is a solution”. Just as Musk’s tweet appeared on Twitter’s News Feed, SpaceX fans were quick to conclude that the SpaceX CEO was making a cryptic statement about the use of ethanol in his rockets. Later, replying to his tweet Musk wrote, “Just saw that on a T-shirt @Hyperloop competition,” and posted two laughing emojis. READ MORE: Yutu 2 rover snaps INCREDIBLE far side of the moon photos

SpaceX: Industry insiders believe Elon Musk will use ethanol as rocket fuel

SpaceX: Elon Musk's company has inspired the second wave of space exploration