SpaceX Just Got 'Leaner' Ahead of 2 Costly Projects

Company slashes 10% of workforce as it develops spacecraft and a space-based internet
By Jenn Gidman,  Newser Staff
Posted Jan 12, 2019 6:30 AM CST
SpaceX: Finances Are Solid, but We're Axing 10% of Workforce
SpaceX chief Elon Musk speaks in Hawthorne, Calif., on Dec. 18, 2018.   (Robyn Beck/Pool Photo via AP)

"Extraordinarily difficult challenges" are coming up for SpaceX—which is why it just gave the ax to a good portion of its workforce. Per Reuters and the Los Angeles Times, a spokesman for the Elon Musk-headed company announced Friday that, even though its finances are in good shape, it needed to "part ways" with 10% of its more than 6,000 employees, a "very difficult but necessary" move to get "leaner" as it continues in its efforts to deliver what CNN calls "two hugely expensive projects." Those initiatives: developing "interplanetary spacecraft and a global space-based internet," both of which are expected to cost billions to get going. It's not the first time the rocket company has slashed its ranks—at least a half-dozen senior managers were canned in June, the firings tied to disputes over the pacing of testing and development for its Starlink satellite program. (More SpaceX stories.)

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