Reports from credible financial news outlets or official statements from Blue Origin

Boeing's New CEO Considers Selling Space Division Amid Challenges

Oct 25, 2024, 04:45 PM

Boeing is exploring the sale of its space business, including the troubled Starliner spacecraft and operations that support NASA and the International Space Station, according to reports citing the Wall Street Journal. The move is part of new CEO Kelly Ortberg's strategy to streamline the company and address financial struggles. The company has faced difficulties with the Starliner program, including delays and technical issues, amid intensified competition from SpaceX. Last month, Ortberg dismissed the head of Boeing's defense and space business. Boeing has been a leading partner for NASA for decades. Reports suggest that potential buyers could include Jeff Bezos's Blue Origin, although no formal discussions have been announced.