SpaceX slashing jobs as satellite launches face a squeeze
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.
According to Business Insider, SpaceX plans to lay off 10-percent of its workforce. The company employees about 6,000 people, and the lay offs are expected to affect at least 577. The cuts are expected..
A SpaceX rocket carrying a U.S. military navigation satellite blasted off from Florida's Cape Canaveral on Sunday, marking the space transportation company's first national security space mission for..