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SpaceX plans to lay off 10% of its workforce



  Millionaire entrepreneur and SpaceX founder Elon Musk speaks at the 68th International Astronautical Congress 2017 in Adelaide on 29 September 2017.

Peter Parks | AFP | Getty Images

Millionaire entrepreneur and SpaceX founder Elon Musk speaks at the 68th International Astronautical Congress 2017 in Adelaide on 29 September 2017.

SpaceX plans to cut off its workforce, a company spokesperson told CNBC .

SpaceX was named the number one company in the 2018 CNBC Disruptor 50 list, announced in May. At the time, SpaceX told CNBC that its rating was about $ 28 billion.

At the start of this month, SpaceX raised $ 273 million through preferred shares, according to a filing with the Securities and Exchange Commission.

In December, The Wall Street Journal reported that SpaceX was raising $ 500 million in funding, placing its valuation at $ 30.5 billion. Founded by Elon Musk, SpaceX plans to use the new money to build its massive satellite Internet project, called Starlink.


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