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SpaceX slashing jobs as satellite launches face a squeeze

SFGate Saturday, 19 January 2019
In announcing layoffs last week, SpaceX pointed to its bid for riskier markets — providing broadband internet via thousands of small satellites and building a spaceship for Mars transportation. What went unsaid was that the company’s money-generating business of launching satellites may also face a squeeze, with new competitors on the horizon and fewer launches planned for huge commercial satellites that operate in a fixed position relative to the ground. SpaceX cited the need to become a “leaner company” when it said that it would lay off 10 percent of its more than 6,000 employees.
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