SpaceX Lays Off 10% of Staff After Disappointing Fund Raising
SpaceX is laying off ten percent of their 6000+ staff. SpaceX has very expensive projects to develop the Superheavy Starship (aka BFR) and the Starlink global space-based internet.
SpaceX makes most of its money from commercial and national security satellite launches, as well as two NASA contracts, one a multibillion-dollar deal to deliver cargo to the International Space Station and the other up to $2.6 billion to develop a capsule that will deliver astronauts to the space station. The first launch of that capsule, without a crew, is planned for February.
Earlier in January, SpaceX raised about $273 million in equity and other securities in an offering that was trying to raise $500 million.
SpaceX statement about layoffs at the company announced today, from a company spokesperson. pic.twitter.com/v2kG1eVJLC
— Jeff Foust (@jeff_foust) January 12, 2019
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