As Boeing Struggles To Fix Its Airliner Business, Elon Musk Is Eating Its Lunch In Space

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Chronic delays and billions in overruns have set back the company's space programs while nimbler rivals pose a longer-term threat.

one thing that went right last year was NASA’s Artemis I mission. The aerospace giant’s Space Launch System, the most powerful rocket yet to fly, propelled a mannequin-filled crew vehicle to the moon and back in a dry run for a return of Americans to the lunar surface.

Jim Chilton speaks to the media in 2019 after the botched first flight test of Boeing's Starliner spacecraft. NASA's concern over two major software errors led it to order a deep review of Boeing's quality controls and tighten oversight.Over the past three years, Boeing’s top executives have been focused on resuscitating the company’s airliner business following the deadly crash of two new 737 MAX jets and the cratering of air travel during the coronavirus pandemic.

Boeing “built their space business for a world that no longer exists,” said Chad Anderson, managing partner of the venture capital firm Space Capital. SpaceX, meanwhile, is developing a reusable heavy rocket, Starship, to fulfill Musk’s vision of colonizing Mars. NASA has given SpaceX a fixed-price contract to build a lunar lander variant for Artemis III that would rendezvous with the Lockheed-built Orion crew vehicle above the moon and take astronauts down to the surface.

An illustration of the 03b mPOWER satellite, which Boeing is building 11 of for SES. Boeing's new high-throughput satellites boast 5,000 electronically steered spot beams, allowing the operator to tailor telecom capacity to demand, but with the surge in LEO broadband constellations, it's unclear how big a market Boeing will have for them.Boeing hasn’t been blind to the smallsat threat. It bought manufacturer Millennium Space Systems in 2018.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yes, I laughed cause he looks like a goober lol My family worked for Mcdonald Douglas for many many years until 35 yrs ago as mechanics both my Grandma and Grandpa GO BOEING

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘We need this store’: San Antonio small business struggles as city construction drags onOscar de la Tienda has filled the Alta Vista neighborhood with art, music and a sense of...
Source: ExpressNews - 🏆 519. / 51 Read more »