Space station startup Vast cuts 4% of employees
The startup, which is developing a commercial replacement for the International Space Station, fired 46 employees on Wednesday.
Space station startup Vast has reduced its workforce by 4% this week, according to Business Insider. The company, which is developing a commercial replacement for the International Space Station (ISS), announced on Wednesday that it had laid off 46 employees. Vast is building a commercial space station called Haven-2, which the startup plans to launch by 2028. The cuts come amid increased competition in the space industry and uncertainty over NASA's plans for a new generation of commercial space stations.
Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.