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[cnet] SpaceX to lay off 10 percent of its workforce

LexRank Summarization

  • Musk, who also serves as CEO of Tesla and the Boring Company, founded SpaceX in 2002 "to revolutionize space technology, with the ultimate goal of enabling people to live on other planets." In 2014, it won a $2.6 billion contract from NASA to ferry astronauts to the International Space Station.

  • The goal of SpaceX missions is to push a payload into space and then return the rocket boosters to Earth each time so they can be reused on future missions.

  • Referred to by SpaceX as "one of the largest 'tech upgrades' in space history," the global communications system is expected to enable advanced satellite broadband services and aircraft surveillance and tracking.

TextRank Summarization

  • The SpaceX Falcon Heavy rests on a launch pad at the Kennedy Space Center in 2018.

  • SpaceX plans to lay off 10 percent of its 6,000-employee workforce, citing a need to be a "leaner company" to meet its ambitious goals.

  • On Friday, a SpaceX Falcon 9 rocket blasted off from Vandenberg Air Force Base in California, carrying 10 satellites.

Ref: https://www.cnet.com/news/spacex-to-layoff-10-percent-of-its-workforce/#ftag=CAD590a51e