The layoffs came at Ursa Major, which makes rocket engines, and Orbit Fab, a startup aiming to provide refueling services to spacecraft.
A person familiar with Ursa Major told CNBC the layoff affected 27% of its employees, or about 80 people, and Orbit Fab confirmed that 10 employees were released in its restructuring.A pair of Colorado space companies laid off employees this past week, seeking to adapt to the new normal of a tight funding environment.
"We do want to acknowledge contributions of every current and former Ursa Major professional. Their efforts and achievements cannot be overstated, and we deeply appreciate the advances in space and hypersonic propulsion they helped make possible," Ursa Major said. Orbit Fab's Chief Commercial Officer Adam Harris said in a statement to CNBC that 10 people were let go this week, and the company will have about 50 employees after the restructuring. It recently hired a new chief operating officer, and plans to bring on a chief engineer and others in the coming months.
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