SpaceX Is Laying Off 10 Percent Of Their Workers

thumb-spacex.png

The Los Angeles Times has released a new report stating that SpaceX is laying off 10 percent of their workforce as the company is under financial pressure to get its many new projects off the ground in 2019.

SpaceX currently employs over 6000 people who are now working on testing the new Crew Dragon spacecraft to take astronauts to the International Space Station for the first time this year, along with deploying the new Starlink space internet service, and the much-anticipated Starship spacecraft that will someday take astronauts to Mars.

In a statement provided to The Verge SpaceX said:

To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company. Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team. We are grateful for everything they have accomplished and their commitment to SpaceX’s mission. This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be necessary. - SpaceX

SpaceX is rumoured to make over 2.5 Billion Dollars a year in revenue from contracts with organizations like NASA and companies such as Iridium. This yearly revenue may not be enough for the company to achieve their 2019 goals as SpaceX recently took out a loan for 250 Million Dollars and is attempting to raise as much as 500 Million according to The Wall Street Journal.

I4FVYRF3BUI6RLNYAEJFIFWBAI.jpg

One possible new way for the company to raise money would be from space tourism. Last year SpaceX signed on their first ever space tourist Japanese billionaire Yusaku Maezawa who will take a trip on the upcoming Starship around the moon. No price tag has since been disclosed about this trip.

Source: The Verge