SpaceX plans to lay off 10% of its workforce - 4News

SpaceX is planning on trimming its workforce, a company spokeswoman told CNBC.. The company said it sees "extraordinarily difficult challenges ahead" and therefore needs to "become a leaner company.". The Los Angeles Times first reported that the Hawthorne, California-based company would be laying off about 10 percent of its staff. . According to its website, SpaceX employes more than 6,000 people.. SpaceX was named the No. 1 company on the 2018 CNBC Disruptor 50 list, announced in May. . At the time, SpaceX told CNBC its valuation was about $28 billion.. Earlier this month, SpaceX raised $273 million through preferred stock, according to a filing with the Securities and Exchange Commission.. In December, The Wall Street Journal reported that SpaceX was raising $500 million in funding, placing its valuation at $30.5 billion. . Founded by Elon Musk, SpaceX was reportedly planning to use the new cash to build its massive satellite internet project, called Starlink.. . .

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