Elon Musk Exhibits Off Totally Assembled SpaceX Starship

Lloyd Doyle
January 14, 2019

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

The layoffs were announced to workers in an email from SpaceX president Gwynne Shotwell, the Los Angeles Times reported.

About 600 of the firm's 6,000-strong workforce are being laid off, with the company blaming "extraordinary hard challenges ahead" for its decision.

Under the Commercial Crew Program, NASA and industry partners prepare for the next generation of American spacecraft that will launch astronauts to the International Space Station from here, the Space Coast of Florida.

This work is taking place at both SpaceX headquarters in Hawthorne, California, and the company's test site in South Texas, near the border city of Brownsville, where the first flights will take place. The company also delivers satellites to orbit through contracts with the United States military and commercial firms.

The test hopper, like its name suggests, is an experimental vehicle that is not meant to be launched into outer space and orbit the Earth.

At the end of previous year, SpaceX valuation to $30.5 billion after initiating a $500 million equity sale, according to the Wall Street Journal. Earlier this month, the billionaire said SpaceX was aiming to carry out test flights within four weeks, but admitted it could be as long as eight weeks when unforeseen issues are factored in.

Analysts estimate SpaceX's value at more than $30 billion.

SpaceX, which has developed reusable rockets and is working on Starship for a future anticipated Mars mission, gets most of its income from launching payloads for both private companies and the USA government. In September, it was revealed that Japanese entrepreneur Yusaku Maezawa would be among the first passengers on the company's voyage to the moon, which is expected to take off in 2023.

At the same time, SpaceX is developing a satellite internet constellation called "Starlink".

Two Starlink demo satellites were deployed previous year, and SpaceX intends to deploy the first operational satellites - to eventually join a constellation of thousands - sometime in 2019.

Other reports by Iphone Fresh

Discuss This Article