SpaceX announced on November 11 that it would lay off 10% of its staff to promote a series of space projects by “slimming down”.

Space Exploration Technologies sent e-mails to employees announcing layoffs involving about 600

employees. The company has promised to pay its laid-off employees an additional eight weeks’salary to help them find new jobs.

The e-mail wrote that space projects are expensive enough to bankrupt other

businesses, not to mention that some projects like Space Exploration Technologies are b

eing pushed forward at the same time, so enterprises “face extremely serious

challenges in the future”, otherwise they will not make layoffs decisions.

“In order to continue delivering customer materials and successfully develop interstellar

spacecraft and the global space-based Internet, space exploration technology companies must streamline,” the company said.

Space Exploration Technologies Corp. has a good revenue and expenditure. Its

latest valuation is about $30 billion. Its main business includes launching satellites for govern

ments, businesses and institutions to deliver supplies to the International

Space Station, the Associated Press reported Wednesday.

On the day of the layoffs, the company launched a Falcon 9 rocket at

Vandenberg Air Force Base in California, sending 10 communications satellites into space.

But Space Exploration Technologies has a series of “money-burning” projects,

including the development of manned Mars spacecraft and satellite Internet services.

Take manned Mars spacecraft as an example. Elon Musk, founder and CEO of Space Exploration

Technologies, calls it an “interstellar spacecraft” that can deliver astronauts to Mars at an estimated cost of $10 billion.

Mask Tuesday released a prototype image of a rocket that will launch a Mars spacecraft on social media Twitter,

emphasizing that it is a “physical” rather than a model.

In terms of Satellite Internet services, Space Exploration Technologies calls this

concept “star chain”, which launches about 12,000 satellites

as base stations. Starting in the mid-1920s, it is expected to provide low-cost

broadband Internet services to users on Earth at a similar cost of $10 billion.

Musk had previously said that it was expected to fly the Starship and launch

the first satellite of the Star Chain for the first time in 2019. (End) (Special Release of Xinhua News Agency)

Key words: SpaceX, Starship, Starlink

ashwk.net