Space tourism company SpaceX is firing 600 of its 6,000 employees.

SpaceX must become a leaner company...This means we must part ways with some talented and hardworking members of our team. This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be necessary. ~ SpaceX President Gwynne Shotwell

South African billionaire Elon Musk launched space tourism company SpaceX in 2002. He is also the founder of electric car company Tesla.

Musk has not commented on the layoffs.

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