Published: Sat, January 12, 2019
Finance | By Loren Pratt

SpaceX wants to be 'leaner,' sets layoffs

SpaceX wants to be 'leaner,' sets layoffs

The Hawthorne, Calif. -based company, which has a prominent presence on Central Florida's Space Coast, said in a statement that the move would help the company reach its goals. "Either of these developments, even when attempted separately, have bankrupted other organizations", a spokesman said in an email.

"We are grateful for everything they have accomplished and their commitment to SpaceX's mission", the company continued. It added that the trim down was "only due to the extraordinarily hard challenges ahead".

The LA Times earlier reported the layoffs.

The statement did not disclose the size of the layoffs, but a company source, speaking on background, estimated the cuts at 10 percent of the workforce.

The rocket - renamed from the original Big Falcon Rocket is actually a "hopper" and part of the two-part ship that Musk hopes will take humans to the red planet.

On Twitter, Musk also noted that the Starship vertical flight tests will be similar to those performed with the Falcon 9 Hopper, a 10-story Vertical Takeoff Vertical Landing (VTVL) vehicle that SpaceX created to test technologies required to return rockets back to Earth, according to the description of a 2013 SpaceX YouTube video.

The SpaceX Falcon Heavy rests on a launch pad at the Kennedy Space Center in 2018. The firings were related to disagreements over the pace at which the team was developing and testing its Starlink satellites.

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