Elon Musk Unveils SpaceX Starship Test Vehicle

Cornelia Mascio
Gennaio 12, 2019

Elon Musk's rocket company SpaceX will reduce its workforce by about 10% of the company's more than 6,000 employees, it said on Friday.

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".

Over the past year, the company has signaled that it will focus increasingly on its Starlink satellite venture as well as the development of a massive Starship spacecraft and Super Heavy rocket booster.

SpaceX now launches regular supply missions to the astronauts living at the International Space Station, using its Falcon 9 rocket and Dragon cargo capsule.

At the end of past year, SpaceX valuation rose to $30.5 billion after initiating a $500 million equity sale, according to the Wall Street Journal.

Some investors, the newspaper reported, "expressed misgivings about the company's record of burning through cash and its experience with high-profile accidents, which have previously led to dips in revenue". In November 2018, Musk announced that from now BFR will be called Starship. No WARN notices, which are filed when a company plans to lay off at least 500 employees or 33 percent of staff, have yet been posted in Florida, California, Texas or Washington.

Elon Musk just gave us a look at the first test version of SpaceX's Starship.

This two-stage vehicle - composed of a Booster and a Ship - is created to eventually replace the company's Falcon 9, Falcon Heavy and the Dragon spacecraft.

SpaceX also holds a $2.6 billion NASA contract to build and launch the Crew Dragon capsule.

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