SpaceX will lay off 10 percent of its staff to fund projects

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The layoffs were reported earlier Friday by the Los Angeles Times.

In annoying the layoffs, SpaceX cited "extraordinarily hard challenges ahead" in achieving its twin goals of developing interplanetary spacecraft as well as establishing a space-based Internet platform.

The email said laid-off employees will be offered at least eight weeks' pay and other benefits, along with help with finding new jobs, the Times said.

Last month, SpaceX launched its first national security space mission for the USA military, using a Falcon 9 rocket to carry a $500 million Global Positioning System satellite made by Lockheed Martin.

"Either of these developments, even when attempted separately, have bankrupted other organisations", it added. One of the company's most recent launches involved sending a cargo capsule to the International Space Station.

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


The firm announced that it would be parting ways with approximately 600 of its employees because of the "extraordinarily hard challenges ahead". In December, it launched its first USA national security space mission from Cape Canaveral, Florida. The sackings were related to disagreements over the pace at which the team was developing and testing its Starlink satellites.

This work is taking place at both SpaceX headquarters in Hawthorne, California, and the company's test site in South Texas, near the border city of Brownsville, where the first flights will take place.

Musk has estimated it will cost up to United States $10 billion to develop a spaceship that could send humans to Mars.

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.

And Musk recently shared images of an operational model for Starship that he plans to use to conduct short "hop" test flights this year at a facility in Texas.

SpaceX Chief Operating Officer, Gwynne Shotwell, said in a TED Talk a year ago that she expects deploying Starlink constellation satellites to cost $10 billion or more.

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