Elon Musk's SpaceX let go 10% of its 6,000 person staff today. In May of last year, the company stated that it has had "many years" of continuing profitability and in recent weeks raised $273 million so far in a planned $500 million funding round.
"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," SpaceX president Gwynne Shotwell wrote in an email to employees. "Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team..."
From the Los Angeles Times:
SpaceX makes most of its money from commercial and national security satellite launches, as well as two NASA contracts, one a multibillion-dollar deal to deliver cargo to the International Space Station and the other up to $2.6 billion to develop a capsule that will deliver astronauts to the space station. The first launch of that capsule, without a crew, is planned for February.
The Elon Musk-led company has even more ambitious — and expensive — plans. Musk has said SpaceX will conduct a “hopper test” of its Mars spaceship prototype as early as next month...
SpaceX is offering a minimum of eight weeks’ pay and other benefits to laid-off workers, according to Shotwell’s email.
Boeing must address the issue before grounded jets fly again.
Germany's auto regulator has ordered Daimler to recall 42,000 Mercedes diesels because the company installed illegal software in their engines that gimmicked the engine's thermostat, which would allow the manufacturer to selectively tune its cars' emissions.
With trustbusting in the air and Big Tech in the crosshairs, Bloomberg's Dina Bass reflects on the antitrust case against Microsoft in the 1990s, which the company bungled badly (but still survived, thanks to a judiciary in thrall to a bizarre theory of antitrust that has no problem with monopolies).
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So you’ve visited the Kennedy Space Center every year. You’ve watched “The Right Stuff” for the 95th time. There must be something to do while you’re waiting to join Space Force for the next manned mission to Mars or the moon. Here’s a combo that should raise a salute from any fan of space or […]
Looking for a new tablet? If you haven’t upgraded in a while, it might be time to check out the latest iPad Pro for two very good reasons. First, the 2018 model is a real workhorse. The 12X Bionic chip processor means it can handle any task you set out for it, and still have […]