Published: Mon, January 14, 2019
Economy | By

SpaceX To Reduce Its Staff By 10 Percent

SpaceX To Reduce Its Staff By 10 Percent

One of the company's most recent launches involved sending a cargo capsule to the International Space Station. "This action is taken only due to the extraordinarily hard challenges ahead and would not otherwise be necessary". The companies will shuttle NASA astronauts to and from the International Space Station, something that the USA has paid Russian Federation to do since the shuttle program ended nearly nine years ago.

"Either of these developments, even when attempted separately, have bankrupted other organizations".

This isn't the first time the company has made job cuts, however:, In June, Musk fired seven members of the senior management team, reportedlyover disagreements about the pace of work on the Starlink satellites.

SpaceX shared new details about the 387ft rocket in September, saying it hopes to begin unmanned launch tests of the spacecraft in late 2019. As part of its effort to fund its highly expensive programmes in the coming years, the company raised an estimated $250 million (£194 million) in its first loan sale, the Wall Street Journal reported in November. Earlier this month, the billionaire said SpaceX was aiming to carry out test flights within four weeks, but admitted it could be as long as eight weeks when unforeseen issues are factored in.

Elon Musk's aerospace company SpaceX, headquartered in Hawthorne, California, is laying off hundreds of employees.

As you know, the company SpaceX is developing a spacecraft Starship and a giant Super Heavy rocket to fly people to the moon and back, to Mars, and in General throughout the Solar system. Musk said previous year that Japanese billionaire Yusaku Maezawa made a "non-trivial" - but undisclosed - deposit to one day take himself and six to eight artists on a trip around the moon.

Another $10bn (£7.7bn) project called Starlink would create a constellation of satellites to provide affordable broadband internet service.

Two Starlink demo satellites were deployed past year, and SpaceX intends to deploy the first operational satellites - to eventually join a constellation of thousands - sometime in 2019.

Elon Musk has revealed images of his fully-assembled 120-foot tall Starship hopper test rocket.

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