{"id":293186,"date":"2019-01-12T07:57:29","date_gmt":"2019-01-12T05:57:29","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=293186"},"modified":"2019-01-12T07:57:29","modified_gmt":"2019-01-12T05:57:29","slug":"musks-spacex-is-said-to-plan-cutting-about-10-of-workforce","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/technology\/293186\/musks-spacex-is-said-to-plan-cutting-about-10-of-workforce\/","title":{"rendered":"Musk’s SpaceX is said to plan cutting about 10% of workforce"},"content":{"rendered":"

Elon Musk\u2019s Space Exploration Technologies Corp plans to cut about 105 of its workforce, according to people familiar with the matter.<\/p>\n

The company cited the need to be leaner to keep delivering for customers and develop spacecraft and space-based internet. Representatives for SpaceX didn\u2019t return calls or emails seeking comment.<\/p>\n

SpaceX launched its first rocket of 2019 early Friday. It has a busy year ahead, with a critical demonstration flight scheduled for February for its Crew Dragon spacecraft that will eventually carry American astronauts to the International Space Station.<\/p>\n

Last week, SpaceX disclosed in a regulatory filing that it had sold $273 million in equity as part of plans to raise a total of $500 million.<\/p>\n

The Wall Street Journal reported in December that the rocket company was planning to raise the funds at a $30.5 billion valuation.<\/p>\n

The Los Angeles Times reported the job cuts earlier Friday.<\/p>\n

\n

Read: Elon Musk to give up role of Tesla chairman<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s Space Exploration Technologies Corp plans to cut about 105 of its workforce, according to people familiar with the matter.<\/p>\n","protected":false},"author":59,"featured_media":230829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9878],"tags":[26,2660],"class_list":["post-293186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-headline","tag-spacex"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/293186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=293186"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/293186\/revisions"}],"predecessor-version":[{"id":293188,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/293186\/revisions\/293188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/230829"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=293186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=293186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=293186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}