Space station startup Vast cuts 4% of employees

Image for article Space station startup Vast cuts 4% of employees
News Source : Business Insider

News Summary

  • The startup, which is developing a commercial replacement for the International Space Station (ISS), fired 46 employees on Wednesday.
  • A spokesperson for the startup confirmed the cuts, which they said were performance-related.
  • The cuts come months after Vast raised $500 million in a funding round aimed at launching the world's first commercial space station in 2027.
  • It comes amid uncertainty over NASA's plans to fund a new generation of commercial space stations.
Max Haot, the CEO of space station startup Vast.

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