TechFlow reports that, according to the Wall Street Journal on March 27, sources familiar with the matter stated that Elon Musk’s company X has conducted a round of layoffs over the past few weeks, terminating its Chief Marketing Officer and several non-technical staff. This move comes as X’s parent company, SpaceX, prepares for a potential initial public offering (IPO) valued at over $1 trillion, with X aiming to streamline its operations.
Previously, The Information reported that SpaceX plans to file its IPO application as early as this week, with market sources indicating it aims to raise up to $75 billion in the offering.
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