SpaceX To Lay Off 10 Percent Of Its Workforce

The company said it will "part ways" with some of its manpower, citing "extraordinarily hard challenges ahead".

With testing underway, SpaceX aims to have Starship take 100 passengers at a time to and from space destinations, including Mars and the moon, in the near future, Space.com reported.

Elon Musk's Space X company is financially healthy and was recently valued at almost USA $30 billion.

Elon Musk's company is financially healthy and was recently valued at almost U.S. $30 billion.

The news of the layoffs came after SpaceX's first successful launch of 2019 from Vandenberg Air Force Base in California on Friday morning.

But the company has several expensive projects in the works.

This week he unveiled a steel-clad test flight prototype of the rocket, which he calls Starship.

SpaceX's Starlink program is competing with OneWeb and Canada's Telesat to be the first to market with a new satellite-based internet service.

"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", said the statement.

The Starship vehicle was formerly known as the Big Falcon Rocket (BFR), a fully reusable vehicle created to take humans and supplies to Mars and also to dramatically cut travel time within Earth. "Either of these developments, even when attempted separately, have bankrupted other organizations", a spokesman said in an email.

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