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Will Boeing report a profit in Q4 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Boeing's official Q4 2024 financial statements
Story
Boeing Launches $19 Billion Capital Raise to Prevent Credit Downgrade Amid Ongoing Challenges
Oct 28, 2024, 10:43 AM
Boeing Co. is planning to raise over $15 billion in capital as early as Monday, according to sources familiar with the matter and multiple reports. The aerospace giant aims to boost its liquidity and prevent a potential downgrade of its credit rating to junk status. The capital raise, which could reach up to $19 billion, involves a share sale, including an offering of 90 million shares at a par value of $5.00 per share and $5 billion of depositary shares. The company received clearance from the U.S. Securities and Exchange Commission to raise up to $25 billion. The funds are intended to strengthen Boeing's balance sheet amid ongoing challenges, including a $6.17 billion loss in the third quarter and a month-long strike by machinists that is costing the company $50-100 million per day.
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