Elon Musk Said SpaceX Competitors Only 'Take Up Less Than We Do, And They Take Nothing Down, And They Get Paid Twice As Much' — 10 Years Later, Its Rival In Space Boeing Has Frozen Hiring And Is Weighing Furloughs
Portfolio Pulse from Rounak Jain
Elon Musk's SpaceX is succeeding with private spacewalks while Boeing faces challenges, including a strike and issues with its Starliner spacecraft. Boeing has frozen hiring and is considering furloughs, while SpaceX will rescue stranded NASA astronauts.
September 17, 2024 | 1:23 pm
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Boeing is facing significant challenges, including a strike by over 30,000 workers, leading to a hiring freeze and potential furloughs. Additionally, issues with the Starliner spacecraft have left NASA astronauts stranded, with SpaceX stepping in to assist.
Boeing's financial and operational challenges are compounded by a significant labor strike and technical issues with the Starliner spacecraft. These factors are likely to negatively impact Boeing's stock in the short term as they affect cash flow and operational capabilities.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100