SpaceX is slashing jobs as customers hit pause on big-satellite launches
In announcing layoffs last week, SpaceX pointed to its bid for riskier markets - providing broadband internet via thousands of small satellites and building a spaceship for Mars transportation.
What went unsaid was that the company's money-generating business of launching satellites may also face a squeeze, with new competitors on the horizon and fewer launches planned for huge commercial satellites that operate in a fixed position relative to the ground.
SpaceX cited the need to become a "leaner company" when it said Friday
