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SpaceX, after its last mission to Iridium, will cut off hundreds of employees

Bottom Line: SpaceX admitted leaving 10% of its employees to save costs. With the Falcon Heavy Rocket and the Starship Interplanetary Ship still under development, plans to build shuttles to reach the international space station, and attempts to set up a satellite on the Internet in the next few years before they can chew?

COO Gwynne Shotwell revealed that approximately 7,000 people worked for SpaceX by 2017, which means that at least 700 people have lost their jobs. SpaceX does not answer the questions the department is working on, or any details of compensation. However, they provided the following statement.

To continue providing our customers with our services and succeeding in the development of an interplanetary spacecraft and global space Internet, SpaceX must become a leaner company. Either of these developments, even if they have tried it alone, has interrupted other organizations.

That means we have to be divided into several talented and hard-working members of our team. We are grateful for everything they have accomplished and for their commitment to the mission of SpaceX. These measures are taken only because of the extremely challenging challenges that will be in the future and otherwise unnecessary.

Dropouts are usually a bad sign for a company that should ideally expand its new projects, but for SpaceX, the report is not necessarily an indicator that the firm has failed. Removing everything that is perceived as a surplus is typical of Elon Musko's CEO, who has used similar strategies several times.

Uniquely, Musk avoids the Twitter theme and instead focuses on Falcon 9's successful launch yesterday from the Vandenberg Airforce Base. The first launch of the year, it's also the last release of SpaceX for Iridium, which could be related to layoffs.

Over the past two years, SpaceX has completed eight launches for a total of 75 satellites for the NEXT Iridium constellation of $ 3 billion. NEXT satellites can provide telecommunication services and track aircraft worldwide, making it a "real global view of real-time air traffic," said Don Thoma, Aireon's CEO, which provides tracking technology.

The SpaceX space telecommunication network plan is expected to require approximately 400 satellites, which could cost up to $ 15 billion if it costs so many satellites than a very similar Iridium network. Being optimistic, postponing hundreds of employees could save SpaceX a few hundred million dollars, which seems almost insignificant compared to the amount they will need in the next few years.

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