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Boeing reportedly considers selling off its space business (www.theverge.com)

submitted 1 month ago by [email protected] to c/[email protected]

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cross-posted from: https://sopuli.xyz/post/18440429

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[–] [email protected] 24 points 1 month ago (1 children)

Ha ha ha what a failure of a company.

[–] [email protected] 6 points 1 month ago (1 children)

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.

[–] [email protected] 2 points 1 month ago

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/