News of the layoff first surfaced from an email sent by SpaceX President Gwynne Shotwell, who reportedly called the business move "a very hard but necessary decision".
Under the Commercial Crew Program, NASA and industry partners prepare for the next generation of American spacecraft that will launch astronauts to the International Space Station from here, the Space Coast of Florida. The company's valuation rose to $31 billion after initiating a $500 million equity sale.
This isn't the first time the company has made job cuts, however:, In June, Musk fired seven members of the senior management team, reportedlyover disagreements about the pace of work on the Starlink satellites.
SpaceX CEO Elon Musk offered the glimpse of the company's Starship test flight rocket on January 11.
A Japanese billionaire, Yusaku Maezawa, has purchased the first Starship flight around the Moon, which Musk plans for 2023.
SpaceX has approval from the Federal Communications Commission (FCC) to launch a system of nearly 12,000 Starlink satellites to provide global broadband Internet service from space.
Tesla, another one of the companies, also announced redundancies in June past year. However, the launch and satellite initiatives the company is pursuing will each require several billion dollars to complete.