SpaceX to Cut 10% of Workforce

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Elon Musk’s SpaceX plans to reduce its workforce by 10%, or roughly 600 employees, even as the company seeks to ramp up ambitious projects to develop a super-powerful rocket and deploy thousands of advanced satellites.

The move, believed to be the most significant cutback since SpaceX gained international prominence about a decade ago, is the latest sign of major strategic and technical challenges roiling the closely held Southern California company.

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