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2 months ago | 
news.bloomberglaw.com | Eric Johnson |Loren Grush |Sana Pashankar
Jeff Bezos’ space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work. The rocket and engine maker laid out the personnel shakeup during an all-hands employee meeting with Chief Executive Officer Dave Limp Thursday morning, confirming a workforce reduction first reported by Bloomberg.
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2 months ago | 
news.bloomberglaw.com | Eric Johnson |Julie Johnsson |Loren Grush
Boeing Co. expects to lay off hundreds of workers on its SLS moon rocket program, fueling speculation that NASA’s marquee space exploration initiative is poised for a shake-up under a second Donald Trump administration. The US aerospace company cited revisions to NASA’s Artemis program and cost expectations in a brief statement that cited the potential for roughly 400 fewer positions by April 2025.
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2 months ago | 
news.bloombergtax.com | Eric Johnson |Julie Johnsson |Loren Grush
Boeing Co. expects to lay off hundreds of workers on its SLS moon rocket program, fueling speculation that NASA’s marquee space exploration initiative is poised for a shake-up under a second Donald Trump administration. The US aerospace company cited revisions to NASA’s Artemis program and cost expectations in a brief statement that cited the potential for roughly 400 fewer positions by April 2025.
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2 months ago | 
news.bloomberglaw.com | Eric Johnson |Julie Johnsson
Boeing Co. expects to lay off hundreds of workers on its SLS moon rocket program, the company said on Friday, fueling swirling speculation that NASA’s marquee space exploration initiative is poised for a shake-up under a second Donald Trump administration. The US aerospace company cited revisions to NASA’s Artemis program and cost expectations in a brief statement that cited the potential for roughly 400 fewer positions by April 2025.
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Dec 11, 2024 | 
news.bloombergtax.com | Loren Grush |Eric Johnson |Katie Roof
SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. The per-share price of $185 is up substantially from the $112 set in a prior valuation less than three months ago, said the memo, which was separately confirmed by people familiar with the matter.
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Dec 10, 2024 | 
bnnbloomberg.ca | Loren Grush |Eric Johnson |Katie Roof
(Bloomberg) -- SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. The per-share price of $185 is up substantially from the $112 set in a prior valuation less than three months ago, said the memo, which was separately confirmed by people familiar with the matter.
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Nov 15, 2024 | 
news.bloomberglaw.com | Eric Johnson |Katie Roof |Ed Ludlow
SpaceX is in early discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $255 billion, people familiar with the matter said. That would be a premium to the company’s previous valuation of about $210 billion. It would also cement SpaceX’s status as the most valuable private US company. SpaceX, formally known as Space Exploration Technologies Corp., declined to comment on the valuation.
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Sep 11, 2024 | 
news.bloomberglaw.com | Loren Grush |Eric Johnson
US air safety regulators are working overtime to keep up with safety and launch license applications at Elon Musk’s SpaceX, the world’s most prolific rocket launch company. “They get the majority of our resources,” Daniel Murray, an executive director at the FAA’s Commercial Space Transportation Office, told an aerospace summit in Washington on Wednesday. “80% of the overtime that we log, and this is hundreds of hours a month, goes to SpaceX,” he said, referring to his office specifically.
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Aug 22, 2024 | 
seattletimes.com | Rainier Harris |Loren Grush |Eric Johnson
Blue Origin sustained failures in recent weeks of testing including a factory mishap that damaged a portion of a future New Glenn rocket, the long-awaited centerpiece of the Jeff Bezos-backed startup’s push to take on SpaceX. The upper portion of one rocket crumpled into itself, in part due to worker error, while it was being moved to a storage hangar, according to people familiar with the situation.
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Aug 21, 2024 | 
news.bloomberglaw.com | Eric Johnson |Loren Grush |Rainier Harris
Blue Origin LLC sustained failures in recent weeks of testing including a factory mishap that damaged a portion of a future New Glenn rocket, the long-awaited centerpiece of the Jeff Bezos-backed startup’s push to take on SpaceX. The upper portion of one rocket crumpled into itself, in part due to worker error, while it was being moved to a storage hangar, according to people familiar with the situation.
