SpaceX Cuts 10% of the Stuff

Elon Musk's rocket company said its finances are healthy, but that it needs to make cuts so its most ambitious plans can succeed.

"To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company," the company said in a statement. "Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team."