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SpaceX laid off 10% of its employees / Boing Boing



Elon Musk's SpaceX lets go 10% of its 6,000 person staff today. In May of last year, the company stated that it had "many years" of continuing profitability and recently raised $ 273 million so far in a planned $ 500 million funding round.

"SpaceX president Gwynne Shotwell wrote in an email to associates. "Either of these developments, even if attempted separately, have other organizations in bankruptcy".

From the Los Angeles Times:

SpaceX makes most of its money from commercial and national security satellite launches, as well as two NASA contracts, one a multibillion dollar deal to deliver to the International Space Station and the other to $ 2.6 billion to develop a capsule that wants to deliver astronauts to the space station. The first launch of that capsule, without a crew, is planned for February.

The Elon Musk-led company has even more ambitious – and expensive – plans. Musk has said SpaceX wants to conduct a "hopper test" of its Mars spaceship prototype as early as next month …

SpaceX is offering a minimum of eight weeks' pay and other benefits to laid-off workers, according to Shotwell's email ,

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David Pescovitz

David Pescovitz is Boing Boing's co-editor. On Instagram, he's @pesco.

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