Jeff Bezos-owned Blue Origin will slash 10% of its workforce as it pivots toward increasing rocket launch frequency after years of research and development, the space company said Thursday.

Loud cheers reverberated throughout the mission control room as the massive vehicle ascended to orbit leaving behind blue flames from its seven BE-4 engines. Blue Origin's billionaire founder Jeff Bezos, who stood right next to company CEO David Limp in the control room, shared several videos of the thrilling launch.