In December, SpaceX was reported to raise $500 million, taking its valuation to $30.5 billion.
Reuters Jan 12,2019 11:15 AM IST
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 11 January.
The company said it will “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 organizations”, a spokesman said in an email.

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