• LISTEN: Boeing Could Sell Space Business to Blue Origin

  • Oct 30 2024
  • Length: 3 mins
  • Podcast

LISTEN: Boeing Could Sell Space Business to Blue Origin

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  • Summary

  • While Boeing's past in the space industry is undeniable, it's the company's present and future that's the problem. Most notably, the aerospace giant's cash issues have the company looking to raise $19 billion in a stock offering while still pursuing other sources of revenue. The companylost $6 billion in the third quarter and has already begunselling off assets, like the deal that sent small defense subsidiary, Digital Receiver Technology, to Thales Defense & Security last week.

    Following the mixed success that saw Boeing's Starliner capsule reach the International Space Station, butreturn empty, the Wall Street Journalreports that the company's entire space division might be on the block.

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