SpaceX plans to lay off 10% of its workforce – CNBC - http://earlyretireonline.com | how to earn money fastJanuary 12, 2019 12:12 am
Tags: plans, spacex, workforce
Categorised in: Breaking Financial News
The company said it sees “extraordinarily difficult challenges ahead” and therefore needs to “become a leaner company.”
Read SpaceX’s full statement below:
“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. Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team. We are grateful for everything they have accomplished and their commitment to SpaceX’s mission. This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be necessary.”
Earlier this month, SpaceX raised $273 million through preferred stock, according to a filing with the Securities and Exchange Commission.
In December, The Wall Street Journal reported that SpaceX was raising $500 million in funding, placing its valuation at $30.5 billion. Founded by Elon Musk, SpaceX was reportedly planning to use the new cash to build its massive satellite internet project, called Starlink.