In a statement that SpaceX has given to the media, it announces that it is taking steps to become a slimmer company, since costly measures similar to the two had gone bankrupt with other organizations:
"To continue delivering To our customers and To succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company, one of these developments, even when attempted separately, has gone bankrupt with other organizations, which means we have to share Ways of talented and hard-working members of our team, we are grateful for everything they have achieved and their commitment to SpaceX's mission, this action is taken only because of the extraordinarily difficult challenges that come and would not otherwise be necessary. "[Accordingto Ars an industry source suggested that this could also be a way for SpaceX chief Elon Musk to let some of the company's lower-earning employees go. In addition, a Seeking Alpha report from the end of 201[ads1]8 suggested that SpaceX might not be as profitable as it looked, despite the fact that Falcon 9 was a hit with clients to the point that competitors had to lower their prices for to be able to compete. Whatever the company's motivation, the layoffs can provide the extra funds they need over the next few years, as it will take some time for Starship and Starlink to start making money.