Starliner Capsule Returns, but Boeing’s Space Business Woes Remain
Published On Sep 7, 2024, 10:06 AM
Boeing's Starliner spacecraft has faced significant setbacks, including a recent uncrewed return to Earth due to safety concerns over malfunctioning thrusters. This failure highlights ongoing issues with Boeing's space programs, which are already trailing behind SpaceX, its main competitor, in crewed missions. Analysts express uncertainty over the future of Boeing's manned spaceflight business, suggesting that time is running out as the International Space Station may retire by 2030. Boeing remains focused on safety and meeting NASA's mission requirements amidst these challenges.
Stock Forecasts
BA
Negative
Boeing's recent setbacks in its space program, particularly with the Starliner, may lead to further delays in its ability to conduct crewed missions, diminishing its competitive position against SpaceX. The potential divestiture of its manned spaceflight division could affect investor confidence.
Related News
Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike
Oct 11, 2024, 5:24 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
Boeing to axe 10% of staff and slow production of 777x plane
Oct 11, 2024, 5:17 PM
The company said "executives, managers, and employees" jobs are all at risk