Do it
this post was submitted on 25 Oct 2024
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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.
Ha ha ha what a failure of a company.
Itβs 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.
Itβs 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/
Makes sense considering overall they're hemorrhaging money due to the ongoing strike. That and their capsule issues.
Hit me?
Incompetent Managersβ 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.
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.
I hear Corelle Brands is looking for some high quality M&A these days.
Can I have it pweeeeeeze π₯Ίππ
Let's hope musk doesn't buy it.
There's nothing they need from Boeing. Dragon and Falcon are both proven platforms already. Boeing doesn't have much to offer that SpaceX doesn't already have a solution for.
They may have some good engineers still?
Those engineers are free to leave and go work for SpaceX instead. You don't buy a failing business division to get a few people and trash everything else.
Wouldnβt that be an anti-trust issue, since heβs already got SpaceX?
Just gotta wait a few months if his choice, Trump, gets into office :/
Ohh wow... Taxpayer wont bail this fail out π€
Don't be too sure. Boeing space has heavy synergy with their early and missile departments.
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.