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SpaceX will lay off 10 percent of its staff to fund projects



In a statement that SpaceX has provided to the media, it announces that it is taking steps to become a leaner company, since expensive activities similar to those of two have failed other organizations in the past:

"Continue to provide for our clients and To be able to develop the interplanetary spacecraft and a global space network, SpaceX must become a leaner company. Each of these developments, even if separately attempted, have bankrupted other organizations. This means that we have to separate ourselves from some talented and hard-working members of our team We are grateful for all they have accomplished and for their commitment to the SpaceX mission. This action is undertaken only because of the extraordinarily difficult challenges that await us and would not be otherwise necessary. "

Ars a sector source suggested that this could also be a way for the SpaceX boss, Elon Musk, to let go of some of the company's less performing employees. In addition, a report Seeking Alpha of the end of 201

8 suggested that SpaceX might not be as profitable as it seemed, despite Falcon 9 being a hit with customers to the point that rivals had to lower the prices required to be able to compete . Whatever the company's motivations, layoffs could provide the extra funds it needs in the next few years, since it will take a while before Starship and Starlink can start making money.


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