Saturday, 19 January, 2019

Elon Musk's SpaceX To Slash 10 Percent Of Staff

Elon Musk Unveils SpaceX Starship Test Vehicle (VIDEO) Elon Musk Debuts Completed 'Hopper' Rocket to Social Media Derision
Russell Knight | 14 January, 2019, 17:18

Some employees of the McGregor test facility were instructed to go home at 4 p.m. Friday and not to return, KWTX has learned.

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

"This means we must part ways with some talented and hardworking members of our team", the statement continued.

"We are grateful for everything they have accomplished and their commitment to SpaceX's mission".

The decision to trim down was "only due to the extraordinarily hard challenges ahead", SpaceX pointed out.

First reported by the Los Angeles Times, SpaceX's Gwynne Shotwell sent an email to employees about the downsizing saying it was a "difficult but necessary" decision. One of the company's most recent launches involved sending a cargo capsule to the International Space Station.

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A spokesperson for the governing Social Democrats said the ethnic Albanian legislators also agreed to back the deal. Zaev said on January 12 that the lawmakers had "made history", adding: "I know how hard that was".

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SpaceX founder Elon Musk posted photos of the company's new Starship Hopper test flight rocket recently. In June, Musk fired seven people in the senior management team over disagreements about the pace of work on the Starlink satellites.

The first launch of that capsule, without a crew, is planned for February. The company is ready to begin "hop tests" of the Starship prototype in Texas.

Also Friday, SpaceX launched a Falcon 9 rocket from Vandenberg Air Force Base in California carrying 10 communications satellites.

That same month, the Elon Musk-led company plans a "hopper test" of its Mars spaceship prototype, which is being assembled in south Texas. In addition, SpaceX plans its first deployment of its Starlink satellites this year, which will be the key infrastructure for its space-based Internet project.

In a statement late January 11, the company confirmed that SpaceX is laying off a portion of its workforce in the first large-scale reduction of its workforce since the company was founded in 2002. "This is probably one of the most challenging - if not the most challenging - projects we've undertaken", Shotwell said.

According to a report by the Wall Street Journal, SpaceX was reported as raising $500 million (£389.14 million) to raise its total worth to $30.5 billion at the end of the year.

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