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Boeing reportedly considers selling off its space business
(www.theverge.com)
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this post was submitted on 25 Oct 2024
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Ha ha ha what a failure of a company.
Itโs 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.
Itโs 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/