Elon Musk posts first glimpse of SpaceX's finished Starship test vehicle

Lloyd Doyle
January 12, 2019

In a major shakeup at Elon Musk's aerospace company, SpaceX announced Friday that it will cut 10 percent of its employees.

The layoffs, a company source said, don't indicate near-term financial problems at the company but rather a redistribution of resources to focus on development of its next-generation launch system and broadband constellation.

"We are grateful for everything they have accomplished and their commitment to SpaceX's mission", the company continued.

The first launch of that capsule, without a crew, is planned for February.

Last month, SpaceX launched its first national security space mission for the US military, using a Falcon 9 rocket to carry a $500 million Global Positioning System satellite made by Lockheed Martin.

It's meant to undergo suborbital flights, with the first expected in March/April 2019, before hopefully moving on to orbital flights in 2020.

The Journal, citing industry sources, said SpaceX takes in about $2.5 billion a year.

Another Elon Musk company, electric vehicle maker Tesla Inc, said in June it was cutting 9 percent of its workforce by removing several thousand jobs across the company in cost reduction measures. The company also reportedly plans to replace their current Falcon and Falcon Heavy rockets with this starship model in the near future, making the success of the hopper extremely important to the company.

Founded in 2002, SpaceX has racked up a string of launch successes, punctuated by only a few failures over the past 16 years.

The Pentagon has approved the Falcon 9 for launching high-priority national security payloads and NASA relies on the company to deliver supplies to the International Space Station aboard Dragon cargo ships.

Other reports by Iphone Fresh

Discuss This Article