Boeing reportedly considers selling off its space business
Boeing reportedly considers selling off its space business
Boeing is trying to turn things around.
cross-posted from: https://sopuli.xyz/post/18440429
My first thoughts on this were "good" but after giving it some thought I realized how fucked up this is.
Boeing could've used this as an opportunity to learn from their mistakes. They could have done some serious self reflection. Instead they said, "nah, fuck that" and will now probably approve their biggest stock buyback ever.
What an abysmal failure of a company.
Could this be a trick to try to put the liabilities of active Commercial Crew obligations into a dead end company while the parent keeps all $4.2 billion the government spent?
Nah, they would never do such a thing.
The Market wouldn't allow it.
Do it
Makes sense considering overall they're hemorrhaging money due to the ongoing strike. That and their capsule issues.
Hit me?
Incompetent Managers’ Fire Sale: Space Edition
Don't forget one of their satellites just mysteriously exploded a few days ago.
No thanks. If I wanted to blow myself up, I'd ride the one that looks like a penis built by the guy who also looks like a penis.
The suborbital one? At least this one sort of goes to orbit.
Ha ha ha what a failure of a company.
It’s only worth its contracts at this point and those are negligible. The space industry is starting to boom with innovative new startups and launch services getting cheaper with reusable rockets. Boeing already has a storied legacy as well as a foothold in the industry and they still managed to fuck it up. Absolutely worse than morning leadership to not be able to capitalize on what they already have.
It’s like if Google decided to sell off the AI portion of their business.
Idk, Millennium, a Boeing subsidiary that makes satellites, just got a pretty good contract.
https://spacenews.com/millennium-space-secures-386-million-contract-for-missile-defense-satellites/
Maybe NASA should buy it so they can stop wasting money on profits for Boeing
I would rather them spend the money on Bitcoin, or maybe space missions.
'bout $5 seems like a fair price.
Can I have it pweeeeeeze 🥺👉👈
I hear Corelle Brands is looking for some high quality M&A these days.
Let's hope musk doesn't buy it.
Wouldn’t that be an anti-trust issue, since he’s already got SpaceX?
Just gotta wait a few months if his choice, Trump, gets into office :/
Ohh wow... Taxpayer wont bail this fail out 🤕
Don't be too sure. Boeing space has heavy synergy with their early and missile departments.