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The launch market is very small and it's always taken longer to build a satellite than to provision the launch vehicle.

These layoffs are a direct result of SpaceX's recent failures to raise money.

The key I think is that the launch rate has increased, but the market has a years long delay due to build times. The result is that the existing supply of launchable satellites has been consumed, so fewer launches are available to pay the bills.

Can you link to the failure to raise money? I thought they just secured 500 million.

$500M was the size of the offering; as of 3 January, they had only managed to raise $273M

https://www.sec.gov/Archives/edgar/data/1181412/000118141219...

They should open it to the public with a reg d/s. I would love to be able to invest into SpaceX.

That would endanger the long term plan of Martian colonization, which is not the most financially responsible thing to do. Elon is keeping SpaceX private so as to have some control over who invests, to make sure they’re onboard.

Reg d or s is still private. But there are limits to number of investors.

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