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Boeing targets divestment of struggling space operations
['Editorial Team']
Crypto Briefing
The aerospace giant is looking to offload NASA-related space programs while doubling down on its satellite business as a core priority.
The company has been exploring divestment of segments tied to NASA, including the CST-100 Starliner crew capsule and its International Space Station support work.
The push to slim down Boeing’s space footprint is part of a broader operational reset under CEO Kelly Ortberg, who inherited a company bleeding money in its Defense, Space & Security division.
The Wall Street Journal first reported Boeing’s interest in selling off NASA-related space operations on October 25, 2024.
The fact that Boeing hasn’t yet completed a sale of significant space assets suggests the process is complicated.