BUSI­NESS OF SPACEX

The Mercury - - BRWORLD -

MUSK TO LAY OFF 600 WORK­ERS

ELON MUSK’S rocket com­pany SpaceX will re­duce its work­force by about 10 per­cent of the com­pany’s more than

6 000 em­ploy­ees, it said on Fri­day. The com­pany said it would “part ways” with some of its man­power, cit­ing “ex­traor­di­nar­ily dif­fi­cult chal­lenges ahead. 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 or­gan­i­sa­tions,” a spokesper­son said in an email. In June, Elon Musk fired at least seven peo­ple in the se­nior man­age­ment team lead­ing a SpaceX satel­lite launch project, it was re­ported in Novem­ber. The fir­ings were re­lated to dis­agree­ments over the pace at which the team was de­vel­op­ing and test­ing its Star­link satel­lites. SpaceX’s Star­link pro­gramme is com­pet­ing with OneWeb and Canada’s Te­le­sat to be the first to mar­ket with a new satel­lite-based in­ter­net ser­vice. Last month, SpaceX launched its first US na­tional se­cu­rity space mis­sion. | Reuters

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