Boeing lost $125 million in Q2 due to Starliner failure, could lose billions if NASA’s Sunita Williams is rescued by SpaceX

Produced by: Tarun Mishra Designed by: Manoj Kumar

Boeing Reports Significant Financial Loss

Boeing announced a $125 million loss in its second-quarter financial results, attributing the deficit to delays in completing the ongoing Crew Flight Test (CFT) mission, affecting astronaut Sunita Williams’ return.

Cumulative Starliner Program Loss

Since 2016, Boeing’s total loss on the Starliner program has reached $1.6 billion. The aerospace company continues to struggle against SpaceX’s more cost-efficient and experienced Crew Dragon.

Impact of Uncrewed Test Flight

Boeing’s financial setbacks include charges from a problematic uncrewed test flight in late 2019. In 2023, the company reported a $288 million loss on Starliner, with $257 million recorded in the second quarter alone.

Potential for Future Losses

Boeing acknowledged in its SEC filing that there remains a risk of incurring additional losses in future periods due to ongoing issues with the Starliner program.

Sunita Williams’ Extended Stay

Sunita Williams has been stranded in space for over 50 days, raising concerns about potential congestion aboard the ISS with the upcoming launch of NASA’s Crew-9 mission on August 18.

ISS Congestion Concerns

The International Space Station can accommodate three to six astronauts at a time, creating potential congestion issues with the new mission’s arrival if Williams and Wilmore are not returned in time.

Uncertain Return Dates

NASA has yet to officially announce a return date for Williams and Wilmore. The delay in their rescue poses logistical challenges for the ISS and its operations.

Priority on Starliner Return

NASA is prioritizing the return of the Starliner spacecraft to free up one of the two docking ports at the ISS in anticipation of the new Crew-9 launch.

Ongoing Challenges for Boeing

Boeing’s struggle with the Starliner program underscores the difficulties in competing with SpaceX and highlights the broader challenges in ensuring safe and efficient space missions.