MCGREGOR, Texas — Elon Musk's aerospace manufacturing company, SpaceX, announced Friday that it will layoff about 10 percent of its workforce.

The company has a facility in McGregor.

A SpaceX spokesperson sent the following statement to KCEN Channel 6:

“To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company. Either of these developments, even when attempted separately, have bankrupted other organizations. This means we must part ways with some talented and hardworking members of our team. We are grateful for everything they have accomplished and their commitment to SpaceX’s mission. This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be necessary.”

The company said it is still strong financially, and investors are confident in its vision and long-term goals. 

In 2019, SpaceX said it plans to launch two Falcon Heavy missions, as well as starting tests of its reusable launch system in rockets.