Disaster! Boeing LOST $1.85 Billion on Starliner Trouble after NASA Continues Delay Crew Mission...

oh the humiliation Starliner is not only grounded once again but it has also plunged Boeing deeper into crisis resulting in new Financial losses additionally NASA has just delayed the spacecraft's next flight due to a series of ongoing issues why hasn't it been cancelled in contrast new Shepard has successfully launched but significant challenges are likely on the horizon meanwhile north of Grumman has secured a nearly $2 billion contract from the space force what does this mean for the industry let's explore in today's episode of great SpaceX it's been nearly 2 months since the Starliner cft1 returned and there is currently no indication of when the next flight will occur the ongoing delays surrounding Starliner are likely to persist and it comes as no surprise that these setbacks are resulting in financial losses for Boeing the company which the FAA has praised as the safety standard that SpaceX needs to meet recently reported a $250 million loss related to the Starliner program this announcement coincided with Boeing's decision under the leadership of new CEO Kelly ortberg to continue the program despite facing significant criticism the loss was attributed to issues surrounding the cft1 mission in a filing with the US Securities and Exchange Commission Boeing stated during the 3 months ended September 30th of 2024 we increased the reach forward loss on the program by $250 million primarily to reflect scheduled delays and higher testing and certification costs once again the cft1 mission has not only caused scheduled delays but has also impacted Boeing's Financial standing this is merely one of several losses the company has incurred as noted in the filing and updated last month Boeing reported $125 million in losses in the second quarter of this year preceding the launch of the CFT Mission likely stemming from delays prior to that event in 2023 Boeing had already reported a total loss of $1.47 billion on Starliner with the additional 12 5 million loss from the second quarter that figure has risen to 1.6 billion US now with the new $250 million loss the total has increased to$ 1.84 billion that's 1,845 million people however Boeing does not appear to be ready to abandon ship one questioned about the possibility of discontinuing fixed price programs like the the commercial crew program or Burke asserted I don't think that's a viable option for us even if we wanted to I don't think we can walk away from these contracts orberg also made a rather curious statement we're better off doing less and doing it better than doing more and not doing it well huh this claim seems misguided especially regarding Starliner where doing less has not resulted in positive outcomes in summary Boeing and starlander will continue to participate in NASA's program and are unlikely to abandon their efforts in the near future as noted in NASA's previous update while the crew 10 and crew 11 missions of dragon have established their launch schedules and crew members Starliner 1 remains at a state of uncertainty with the message looking at Windows of opportunity for a potential 2025 flight pending certification and operational Readiness originally Starliner 1 was scheduled for no earlier than the second half of 2025 which will inevitably lead to increased Financial losses for Boeing the company could be on the brink of reaching a two billion dollar loss or even more in the near future designed to support NASA Starliner is increasingly resembling a financial black hole these losses are contributing to a total project loss of $6 billion for Boeing in the third quarter as a result there are reports that union workers will soon vote on whether to sign a contract with the company or continue their six- week strike this is understandable as the company's Financial struggles cast doubt on its future viability returning to Starliner NASA has indicated that that to launch official crew missions to the ISS Boeing requires of course certification however following serious issues during the CFT Mission such as Thruster malfunctions and a helium leak that left two astronauts stranded on the ISS the likelihood of obtaining certification is lower than ever without certification Boeing may need to conduct another crew flight test involving more astronauts willing to undertake this risky Venture if that occurs completing the six crude missions to the SS which NASA assigned with a budget of up to $4.5 billion will become increasingly challenging keep in mind we are nearing the end of 2024 and Boeing has about six years remaining to fulfill this requirement at this point even completing One mission a year seems overly ambitious this situation highlights NASA's miscalculation in selecting and favoring Boeing a decade ago in Star contrast spacex's dragon has been operating consistently enabling NASA to regain its autonomy in sending astronauts to the ISS maintaining operations aboard the station and recently facilitating the rescue of two Starliner astronauts perhaps if NASA had anticipated this outcome 10 years ago they would have chosen differently now they are left to Grapple with the consequences alongside their longtime partner this obviously raises questions about the faa's assertion that Boeing serves as the safety standard for SpaceX to meet what standards are they referring to technical challenges delays or financial losses the difficulties Boeing is is currently experiencing seem to undermine the faa's claims indicating that the agency's evaluation criteria are inadequate okay let's calm down a second here it's worth noting that despite its influence the FAA has delayed the Falcon rocket three times in three consecutive months additionally they have significantly postponed the Starship flight 5 schedule clearly it may be time for this agency alongside Starliner the spacecraft produced by its close associate Boeing to reconsider its role in the Aerospace industry if you Shar this sentiment please let me know in the comments section down below don't forget to like share the video and subscribe to our channel to continue following spacex's development Journey with that in mind let's now explore the new Shephard Mission update which promises to bring exciting New Challenges at 11:30 a.m. eastern Daylight Savings Time on October 23rd blue origin successfully launched its uncrewed Mission n ss-27 sending a new Shephard rocket capsule combination on a brief journey to suborbital space this marks the 27th mission for the suborbital rocket although there are no crew members aboard and s27 the mission carried 12 research payloads five located on the booster and seven inside the capsule among the notable payloads were Advanced navigation systems developed for both the new Shepard and blue Origins upcoming new Glenn rocket as well as two lidar or light detection and ranging sensors designed for for lunar operations the rocket reached a maximum altitude of approximately 63 Mi or 101 km before returning for a landing around 7 minutes and 20 seconds later approximately 3 minutes afterward the company's new crew capsule the RSS Carmen line made a parachute Landing in the west Texas desert following the flight blue origin proudly announced we just completed our 27th Mission debuting the second human rated vehicle for the new shepher program the uncrewed verification flight sent 12 payloads to space and back including tens of thousands of club for future postcards blue origin CEO Dave limp added this morning's new Shephard NS 27 flight not only debuted our second human rated vehicle for the program but also successfully sent 12 payloads to space and back however not everything went smoothly the launch was delayed by 2 weeks it was initially scheduled for the 7th of October but attempts on the 7th and a subsequent date were both aborted due to hardware and GPS issues this Mission also marked the inaugural Flight of the new new Shepherd prototypes including booster 5 and the RSS Carman line capsule blue origin previously stated the vehicle features technology upgrades to enhanced performance and reusability an updated library and improved payload accommodations on the booster they also noted that these enhancements expand flight capacity to better meet growing customer demand despite the success ful launch the AFF forementioned challenges indicate that blue origin and new Shephard still face significant obstacles ahead the next launch date has yet to be announced and it is uncertain whether there will be a crew on the subsequent Mission if the company does not act swiftly it risks losing market share to emerging competitors more importantly blue origin is gearing up for its first orbital Mission next month with new Glenn this Mission could play a pivotal role in determining the company's future it'll be intriguing to see how they proceed now let's turn our attention to a significant development northr bruman recent contract award from the space force the US space force has awarded North or Grumman a significant contract valued at $1.8 billion to produce two advanced warning satellites designed to detect missile threats particularly those originating from the Northern Hemisphere these satellites will be integral to the Next Generation overhead persistent infrared or opir program which aims to enhance the US's capability to identify missile threats from space with this new contract the total value of north of grumman's work on this program has increased to $4.1 billion following a previous Award of 2.3 billion in 2020 for development of two satellites the project has now entered a crucial phase moving from design and development to the manufacturing assembly integration and testing of the satellites and their corresponding ground systems according to the schedule the first of northr Roman satellites is expected to launch in 2028 these satellites will utilize Advanced infrared sensors to detect potential missile launches upon detecting a threat the satellites communication system will quickly transmit data to groundbased stations for timely analysis and response this contract extension follows the successful completion of design reviews for both the satellites and their ground systems it represents a valuable opportunity for northr Grumman potentially enhancing its position in the military payload manufacturing and launch market however only time will tell how well they will execute this contract what are your thoughts on this development well folks that's about it for today's episode thank you so much for tuning in and as always this has been Kevin from great SpaceX until next time keep looking up