SpaceX cutting 10 percent of its staff to become a leaner company - Ars Technica Ars Technica - Sat 12 Jan 04:33 GMT
"We must part ways with some talented and hardworking members of our team."
SpaceX will lay off up to 10 percent of its work force, the company said Friday evening.
Company officials have repeatedly said that SpaceX is profitable, thanks to a mix of revenues from commercial launch contracts, NASA development funds, and U.S. Air Force launch awards.
However, SpaceX is also undertaking the costly development of a satellite internet system, Starlink, as well as a next generation rocket, Super Heavy, and spacecraft, Starship, designed to send humans to Mars.
SpaceX is undertaking these cuts as it moves into a pivotal year, when it will likely perform the first launch of humans into orbit by a private company through NASA's commercial crew program, deploy its first set of Starlink satellites, and begin preliminary tests of its Starship vehicle.
Ironically, in recent years, SpaceX's development of the low-cost Falcon 9 rocket has, in part, driven other launch providers in the United States, including United Launch Alliance, as well as government-backed corporations around the world to slash costs and employees to compete for commercial launch contracts.