Insider: SpaceX IPO Imminent, Elon Musk's X Company Undergoing Layoffs and Restructuring

CycleProphet · 2026-03-27T00:56:01+00:00

On March 27, The Wall Street Journal reported that Elon Musk's X company recently laid off staff, including the Chief Marketing Officer and some non-technical personnel, aiming to resize the company, especially as SpaceX prepares for a potential IPO that could exceed $1 trillion.

CycleProphet

2026-03-27 00:56:01

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Deep Tide TechFlow News, March 27 — According to The Wall Street Journal, sources say Elon Musk’s X company has conducted a round of layoffs in recent weeks, dismissing the Chief Marketing Officer and some non-technical staff. This move comes as its parent company SpaceX prepares for a potential IPO exceeding $1 trillion, with X aiming to adjust its company size.

Previously, The Information reported that SpaceX plans to submit an IPO application as early as this week, with market sources indicating they aim to raise up to $75 billion in the IPO.

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