SpaceX, a private rocket company founded by Elon Musk, plans to cut its work force by 10%.
The company stated they took this strategical decision as they expect ‘extraordinarily difficult challenges’.
The Wall Street Journal declared that the company is vulnerable to setbacks after reviewing the internal financial documents.
The failed- rocket launch in 2015 caused the company quarter-billion dollar annual loss and a 6 percent drop in revenue.
Again in 2016, the expoliton of another rocket resulted in the destruction of a $200 million communications satellite on board.
Musk is criticized for acting too fast in the complex industry.
The California-based company aims to make a revolution in space travel and colonize Mars.
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