SpaceX Lays Off 10% of Staff After Disappointing Fund Raising - Next Big Future
Next Big Future - Sat 12 Jan 04:59 GMT

SpaceX Lays Off 10% of Staff After Disappointing Fund Raising - Next Big Future

SpaceX is laying off ten percent of their 6000+ staff. SpaceX has very expensive projects to develop the Super

  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.