Boeing Considers $10 Billion Stock Sale to Replenish Cash Reserves Amid Strike: Bloomberg Report

Oct 1, 2024, 10:28 AM

Boeing is considering raising at least $10 billion by selling new stock to replenish its cash reserves, according to a Bloomberg report. The company's liquidity has been strained by an ongoing strike involving about 33,000 workers. Boeing's cash reserves have taken a significant hit, prompting the need for this capital raise. The company is reportedly waiting to get a clearer picture of the strike's impact before proceeding with the stock sale. The news has caused Boeing's shares to dip in premarket trading.