Elon Musk Offers Helping Hand As Boeing Starliner's Woes Continue
Portfolio Pulse from Anan Ashraf
Boeing Co (NYSE:BA) is facing a loss of $257 million due to the delay in Starliner's launch, bringing the total overrun costs to about $1.5 billion. SpaceX CEO Elon Musk has offered support to Boeing, stating that SpaceX has provided its knowledge of crewed parachute systems to Boeing. Meanwhile, SpaceX is about to complete all its originally contracted missions and has been awarded additional flights by NASA.
July 27, 2023 | 2:54 am
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Boeing is facing significant financial losses due to the delay in the launch of Starliner. The support from SpaceX may help mitigate some of the technical issues, but the financial impact is already substantial.
The delay in the launch of Starliner is causing significant financial losses for Boeing. This could negatively impact the company's stock price in the short term. The support from SpaceX may help resolve the technical issues, but it's unlikely to offset the financial impact.
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